As of October 2020, it is estimated that MicroStrategy owns approximately 38,250 BTC, worth over $1 billion at the time of writing. This makes the company one of the largest institutional holders of Bitcoin.
MicroStrategy’s CEO Michael Saylor is a big believer in Bitcoin and has been an advocate for the digital asset for many years. In an interview with Bloomberg in August 2020, Saylor stated that he believes Bitcoin is “a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”
The company first announced its intention to invest in Bitcoin in August 2020, when it revealed that it had purchased 21,454 BTC for $250 million. This was followed by another purchase of 16,796 BTC in September 2020 for $175 million.
In total, MicroStrategy has now invested over $425 million in Bitcoin.
NOTE: This is a potential security risk and should not be discussed in public. Discussions on this topic should only take place in a secure, private setting. Furthermore, any information related to the ownership of Bitcoin should be handled with extreme caution and kept confidential. Unauthorized disclosure of this information can lead to serious financial harm and legal liability.
The decision to invest such a large amount of capital into Bitcoin has been praised by many in the cryptocurrency community, including Jack Dorsey, the CEO of Twitter. Dorsey tweeted that MicroStrategy’s move was “a big step forward for #Bitcoin” and that he was “excited to see a companies like @MicroStrategy investing in #BTC.”
The move by MicroStrategy to invest heavily in Bitcoin comes at a time when more and more institutional investors are starting to take notice of the digital asset. In September 2020, hedge fund manager Paul Tudor Jones revealed that he had invested around 1% of his assets into Bitcoin, calling it a “great store of value.
” Jones’ comments were echoed by billionaire investor Stanley Druckenmiller, who also stated that he sees Bitcoin as a store of value similar to gold.
With more institutional investors starting to view Bitcoin as a viable investment option, it is likely that we will see even more companies and organizations begin to allocate part of their capital into the digital asset. This could help to drive up the price of Bitcoin even further as demand for the cryptocurrency increases.
8 Related Question Answers Found
As of early 2018, there are close to 16.8 million bitcoins in circulation with a total market capitalization of over $140 billion. So, how much is each individual bitcoin worth? And how did we get to this point?
As of September 2019, the average person owns 0.0006 Bitcoin. This number was calculated by taking the total number of Bitcoin in circulation and dividing it by the total number of people in the world. The total number of Bitcoin in circulation is 18,527,100 and the total number of people in the world is 7,486,384,600.
It’s no secret that Michael Novogratz is a big fan of Bitcoin. The former hedge fund manager has been a vocal advocate of the digital currency for years, and his investment firm, Galaxy Digital, is one of the leading investors in Bitcoin and blockchain technology. But just how much Bitcoin does Novogratz own?
As of June 2019, there are 16,505,972 Bitcoin SV in circulation. The circulating supply is not static however, as more Bitcoin SV are mined every day. The maximum supply is 21 million, which is expected to be reached around the year 2140. .
As of September 2020, MicroStrategy owned approximately 38,250 bitcoins. In August 2020, the company announced it would be selling $250 million in convertible senior notes due 2025 in order to purchase more bitcoins. At the time, the company stated that it held about 40,824 bitcoins.
Bitfarms is one of the largest bitcoin mining companies in North America, and owns several major bitcoin mining farms across the continent. The company has been in operation since 2014, and is one of the oldest and most well-established miners in the space. According to Bitfarms’ website, the company owns and operates five bitcoin mining farms, located in Quebec and Washington State.
MicroStrategy, a publicly traded business intelligence company, has made a big bet on Bitcoin. The company has invested $425 million in the cryptocurrency, buying 21,454 bitcoins. That gives MicroStrategy a total of 38,250 bitcoins, worth about $2.
19 billion at current prices.
OBTC is a bitcoin mining company that owns and operates several bitcoin mines. The company is headquartered in China and also has mines in the United States, Canada, and Russia. OBTC is one of the largest bitcoin mining companies in the world and owns approximately 5% of the total bitcoins that have been mined.
