With the passing of time, Bitcoin has established itself as one of the most prominent blockchain-based currencies; at one time it was used to buy pizza, but now holding Bitcoin has become an elite status symbol.
According to a recent filing by MicroStrategy has acquired 18300 Bitcoins between August 6 and September 12. MSTR is termed to be the most significant publicly traded company that holds the highest number of bitcoins compared to any other firm.
In its recent 8k filing with the U.S Securities and Exchange Commission, MicroStrategy notes that it has acquired BTC worth $1.1 billion at an average price of $60,480 per BTC. The disclosed amount also includes transaction fees and all other charges involved.
MSTR is led by Micheal Saylor, a world-famous Bitcoin enthusiast, who personally holds a chunk of BTCs. As per the filing after the recent purchase of Bitcoin, the company now holds 244,800 BTC, valued at over $14.1 billion, as of this writing.
According to additional information, MicroStrategy’s recent Bitcoin purchase was financially supported after selling a chunk of MSTR shares.
MicroStrategy raised approximately $1.11 billion by September 12, as per an SEC filing, through the sale of 8,048,449 shares under a sales agreement.
As per the data from TradingView, MSTR stock surged more than 6.34% in the past seven days, reaching $130.66. It has a market capitalization of $23.10 billion.
In the YTD (year to date) time frame, MicroStrategy stock surged 88.77% and 273.49% in the past 52 weeks.
Other Bitcoin Acquisition News
In its recent report River Financial notes that businesses now hold over 3% of total Bitcoin circulation, further indicating that a significant surge of 587% in corporate Bitcoin holding has been observed since June 2020.
The majority of institutional Bitcoin holdings are with MicroStrategy, Tether, BitMEX, Block(dot)one, and Xapo. Several market watchers claim that the skyrocketing pace of Bitcoin acquisition by MetaPlant might position it on this list soon.
Earlier on September 10, 2024, Todayq reported that MetaPlant technological giants in Japan had purchased 38.46 BTC for an average price of 7,799,501 Yen per Bitcoin. Following this purchase, the company now holds 398.832 Bitcoins, valued at over $23 million.
Crypto Market Price Update
When writing the fear and greed index powered by CoinMarketCap was at 33 indicating a fear sentiment in the broader market. At the same time cryptocurrency market capitalization was $2.03, with an intraday surge of 0.29%.
Since the past few weeks, Bitcoin prices have seemed to be stuck below the mark of $60k, and in the past 30 days, its lowest recorded trading price has been below the mark of $52k. Until publishing it was trading at $57,819 with a slight recovery of 2.60% in the past seven days.
Despite the decline in prices and intraday trading volume, the market dominance of Bitcoin continues to grow and in the past 6 months, it grew over 7.30% reaching 57.28%. The surging dominance over the market makes BTC the most prominent cryptocurrency in the wider market.
