Strategy, formerly known as MicroStrategy, has just reinforced its position as the largest Bitcoin holder among public companies. Today, June 16, the company announced a new purchase, outdoing its past four acquisitions.
Michael Saylor’s firm acquired 10,100 BTC ($1.05 billion) for an average price of $104,000 per bitcoin. In this one big swoop, the company added 0.04% of the circulating BTC—bringing its total holdings to 2.82% of Bitcoin’s supply.
Strategy now owns 592,100 BTC, which is by far the largest corporate holder in the world. This staggering amount is more than 4.46 times the combined holdings of the top 10 corporate Bitcoin holders, who collectively own 132,673 BTC, according to CoinGecko. No other publicly traded company comes close to this level of accumulation, reinforcing Strategy’s dominance in the Bitcoin market.
In fact, Strategy’s Bitcoin holdings even rival the largest Bitcoin exchange-traded fund (ETF), BlackRock’s IBIT. While Strategy controls 592,100 BTC at a value of around $63 billion, IBIT’s net assets currently stand at $70.66 billion, reinforcing how institutional players are deepening their exposure to Bitcoin.
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