Bitcoin

<h2 id="quick-take">Quick Take</h2> 
MicroStrategy’s <a href="https://x.com/saylor/status/1730226879125160426?s=20">aggressive expansion</a> into the Bitcoin market takes another leap as the firm adds 16,130 BTC to its coffers at $593.3 million, procured at an average price of $36,785 per Bitcoin. 
This significant acquisition stresses MicroStrategy’s unwavering commitment to the digital asset, bringing the company’s total holdings to 174,530 BTC, costing approximately $5.28 billion. 
The acquisition strategy, with an overall average investment price of $30,252 per unit, has positioned the firm favorably in the face of the current Bitcoin price of roughly $37,700. The calculated result is a profit margin of approximately $1.3 billion, a substantial profitability indicator. 
MicroStrategy owns approximately 0.90% of the total circulating supply of Bitcoin, which is 19.5 million BTC. 
The post <a href="https://cryptoslate.com/insights/microstrategy-owns-nearly-1-of-bitcoins-circulating-supply-after-new-purchase/">MicroStrategy owns nearly 1% of Bitcoin’s circulating supply after new purchase</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

MicroStrategy owns nearly 1% of Bitcoin’s circulating supply after new purchase

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