Under CEO Michael Saylor's leadership, MicroStrategy has executed a significant move in the cryptocurrency market, acquiring an additional 12,000 Bitcoin for approximately $821.7 million. This purchase, funded by convertible notes and excess cash, was made at an average price of $68,477 per Bitcoin.
MicroStrategy's total Bitcoin holdings now amount to 205,000 BTC, acquired at an average price of $33,706 per BTC, totaling approximately $6.91 billion as of March 10, 2024. This surpasses financial giant BlackRock's holdings, which stand at 195,985.31 Bitcoins through its IBIT iShares Bitcoin Trust.
The timing of MicroStrategy's acquisition coincides with Bitcoin's surge to a new all-time high of $72,226 per coin. This milestone reflects the increasing acceptance and adoption of Bitcoin as a legitimate asset class.
BTC to USD by CoinMarketCap
MicroStrategy's decision to accumulate Bitcoin as a treasury reserve asset underscores its strategic investment management approach. This reaffirms the company's commitment to Bitcoin as a long-term investment strategy, establishing it as a pioneer in corporate cryptocurrency adoption.
As Bitcoin's value continues to rise, MicroStrategy's financial decisions are attracting attention from both traditional and digital asset markets. The company's proactive stance in embracing Bitcoin reflects a broader trend of institutional interest in cryptocurrency as a viable investment option.
Blackrock's aggressive fee reduction in the competitive ETF market sets a benchmark, but uncertainties surrounding SEC approval pose challenges. As the industry strives for lower fees, the outcome of the SEC's investigation will play a pivotal role in shaping the future landscape of spot Bitcoin ETFs.
Cheng YuanBlackRock and Bitwise have submitted revised spot Bitcoin ETF applications to the SEC, signaling ongoing discussions. BlackRock's updated filing includes language on monitoring price movements and anti-money laundering compliance. Bitcoin's recent surge adds to speculation about potential SEC approval, with the cryptocurrency currently trading near $42,000.
Sanya美国证券交易委员会的确认表明，对贝莱德（BlackRock）ETF提案的正式审查程序已经开始。
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OthersMicroStrategy® Incorporated (Nasdaq: MSTR) ("MicroStrategy" or the "Company") today announced financial results for the three-month period ended December 31, 2022.
OthersOne of the world’s biggest asset manager has added bitcoin to one of the most preferred fund for ordinary and passive investors.
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