Michael Saylor’s Strategy holds 553,555 BTC
Strategy has expanded its stash to 553,555 BTC worth $38 billion
Quick overview
- Michael Saylor's firm purchased 15,355 BTC for $1.42 billion, averaging $92,737 per bitcoin.
- The company's total Bitcoin holdings have now reached 553,555 BTC, valued at $38 billion, with an unrealized profit of $15 billion.
- In April, the firm acquired over 25,000 tokens, slightly less than previous months but more than January's purchases.
- BlackRock and Saylor's company are the largest Bitcoin holders, with BlackRock's ETF seeing a $1.5 billion capital inflow last week.
Live BTC/USD Chart
Michael Saylor’s Strategy keeps accumulating sizable portions. Saylor stated that the firm he cofounded purchased 15,355 BTC for $1.42 billion.
Considering that the company averaged $92,737 for each bitcoin, it is reasonable to assume that the purchase was completed towards the end of the previous business week when the cryptocurrency was trading around those levels.
Strategy has expanded its stash to 553,555 BTC worth $38 billion.
The Lookonchain data showed that the unrealized profit is worth $15 billion.
More than 25,000 tokens would have been purchased in April. This accumulation is lower than in March (29,000 tokens) and February (28,000). Nonetheless, April would have enabled the acquisition of more BTC than January (23,600 coins).
BlackRock and Strategy now have the most Bitcoin, but they will probably grow even more shortly.
Michael Saylor’s company recently revealed plans to issue shares worth $1 billion
In the case of Bitcoin Cash ETFs offered by BlackRock and its competitors, these companies do not own the bitcoins included in the exchange-traded funds; instead, the investors in the ETFs are the actual owners.
If these ETF issuers behave unethically or misuse their authority, holders can withdraw and seek alternative opportunities. Capital inflows into BlackRock’s iShares Bitcoin Trust ETF increased by $1.5 billion last week.
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