Michael Saylor's Strategy Acquires 4,225 Bitcoin, Totaling 601,550 BTC

Strategy now owns 3% of all Bitcoin in circulation, totaling 601,550 BTC, with a market value of approximately $71 billion and an unrealized gain of nearly $30 billion.

BTC

Summary

Strategy, formerly known as MicroStrategy, has disclosed that it owns 601,550 BTC, representing 3% of all Bitcoin currently in circulation. This holding, built at a cumulative cost of $42.87 billion, is now valued at around $71 billion, leading to an unrealized gain of nearly $30 billion. To claim 3% of Bitcoin's maximum supply of 21 million, Strategy would need to acquire about 29,000 more BTC.

Terms & Concepts
  • Bitcoin (BTC): A decentralized digital currency that enables peer-to-peer transactions over the blockchain.
  • institutional investment: Investment made by large organizations such as banks, insurance companies, and pension funds.
  • financing plan: A strategy for raising funds to support specific business activities, such as acquiring assets.