Microstrategy officially has 1.02% of all Bitcoin that will ever exist
Yes, it is officially now MicroStrategy owns more than 1% of the total 21 million Bitcoin that will ever be issued or mined with its 214,246 BTC in its corporate treasury as of today. According to Michael Saylors tweet a few hours ago "MicroStrategy has acquired an additional 9,245 Bitcoin for $623 Million using proceeds from convertible notes and excess cash for $67,382 per Bitcoin. As of 3/18/24, $MSTR hodls 214,246 $BTC acquired for $7.53 Billion at an average price of $35,160 per bitcoin".
Microstrategy Bitcoin buying sphere is as Micheal Saylor promised the crypto space when he was stepping down as the CEO of Microstrategy. The company holding 1.02% of all Bitcoin that will ever exist is a significant indicator of institutional confidence in Bitcoin as an asset, not just digital currency. Microstrategy's substantial investment underlines a long-term belief in Bitcoin's value and potential as a digital asset and a hedge against inflation. It is a bold move by MicroStrategy to invest the significant amount of money they have in Bitcoin. It will be intriguing to see how this paves the way for other corporate entities to adopt similar strategies.
Microstrategy is the real definition of Diamond hands and dollar cost averaging (DCA) kings. The company keeps buying Bitcoin like it is nothing.
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