Michael Saylor's Strategy has acquired 22,048 Bitcoin worth approximately $1.92 billion, bringing its total holdings to 528,185 Bitcoin valued at around $35.63 billion. This purchase, made between March 24 and March 30, averages out to $86,969 per Bitcoin. Strategy, formerly MicroStrategy, has been accumulating Bitcoin since 2020 and is now the world's largest corporate holder of the cryptocurrency.
*Key Details of the Purchase:*
- *Total Bitcoin Holdings:* 528,185 BTC
- *Total Cost:* $35.63 billion
- *Average Cost per Bitcoin:* $67,458
- *Recent Purchase:* 22,048 BTC for $1.92 billion
- *Average Price per Bitcoin in Recent Purchase:* $86,969
*Market Impact:*
- Strategys stock jumped 4.8% as Bitcoin climbed above $87,000
- Coinbase and Robinhood saw gains following the purchase announcement
*Comparison to Other Corporate Holders:*
- MARA Holdings, the world's largest Bitcoin mining company, holds 46,374 Bitcoin, making it the second-largest corporate holder
- MARA Holdings announced a $2 billion stock offering to acquire additional Bitcoin ¹.#SaylorBTCPurchase