MicroStrategy has increased its Bitcoin (BTC) holdings by 12,333 BTC, worth approximately $372 million at current prices, a June 28 submit with the US Securities and Exchange Commission shows.
MicroStrategy’s pool of BTC surged to 152,333 BTC on June 27. According to to CEO Michael Saylor, Bitcoin’s largest corporate holder, paid an average of $29,668 per Bitcoin. Therefore, MicroStrategy paid a total of $4.52 billion for its entire BTC holding, Saylor noted.
At current prices, MicroStrategy’s BTC holdings are worth about $4.6 billion, indicating that the company is making slight profits.
The move comes a few weeks after Saylor, a self-declared Bitcoin maximalist, said he expects Bitcoin’s market share to rise to 80% as other tokens disappear under regulatory scrutiny.
Bitcoin was trading at $30,152 as of writing, moving up 4.05% over the past week, according to CryptoSlate facts.
A review of on-chain data shows that Bitcoin moves between wallets identified as belonging to MicroStrategy during June, moving funds from previously confirmed portfolios to a new address,’bc1ql49,” which currently holds 111,700 BTC.
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