MicroStrategy Nears Ownership of 1% Total Bitcoin Supply with Latest Purchase

By: Eliza Bennet

MicroStrategy Ups its Bitcoin Game

MicroStrategy has made headlines with its latest Bitcoin purchase for $615 million, marking a significant addition to the company's steadily growing accumulation. This acquisition overshadows the preceding acquisition made in November, valued at $593 million, making it third in line in terms of the company's largest Bitcoin purchases. Through this, the firm successfully added a remarkable 14,620 Bitcoin to its cache. Despite the considerable addition, it does not compare to the company's second-largest order in December 2020, which injected close to 30,000 Bitcoin into its holdings for a similar amount.

The prowess behind MicroStrategy's accumulation strategy is evident as the firm now treasures a total of 189,150 Bitcoin. This translates to ownership of approximately 0.9% of the entire Bitcoin supply, a mere 0.1% off from commanding a full 1% of the total available supply. This brings the company's holdings veritably close to that of the U.S. government, which reportedly controls around 210,000 Bitcoin, further signifying MicroStrategy's firm stance in the world of Bitcoin holdings.