MicroStrategy, one of the largest corporate bitcoin holders, now owns 124,391 BTC with a combined value of $ 3.75 billion.
MicroStrategy, an analytics and software development company,
filed financial report to the Securities and Exchange Commission (SEC), which says that between December 9-29, she purchased 1,914 BTC. The company paid about $ 94.2 million in cash at an average price of $ 49,229 per bitcoin.
As a result, on December 29, MicroStrategy became the holder of 124,391 bitcoins worth $ 3.75 billion, purchased at an average price of $ 30,159. MicroStrategy raised money to buy bitcoin by selling shares. In Q3, the company added almost 9,000 BTC, with an average organization buying 3,000 BTC per month.
MicroStrategy CEO Michael Saylor periodically began adding bitcoins to the company’s assets back in 2020. Sailor’s strategy is already yielding results, his company, along with Block.one and Tesla, own 84% of corporate investments in bitcoin, which, according to S&P Global analysts, allows them to influence the cryptocurrency market.
It’s worth noting that MicroStrategy is actively looking for opportunities to generate additional income from its cryptocurrency reserves. Recently, Michael Sailor stated that in a decentralized market it is possible to offer cryptocurrency custody services without a banking license and a physical office. Perhaps one of the areas that MicroStrategy is considering is offering custody services for cryptocurrency holders.
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