MicroStrategy's bitcoin is worth more than $10 billion as cryptocurrency rallies
MicroStrategy’s 190,000 bitcoin is now worth more than $10 billion as the world’s most popular cryptocurrency by market capitalization nears $53,000.
The company last reported owning 190,000 bitcoin. The price of the world's most popular cryptocurrency by market capitalization rose to $52,803 as of 9:56 a.m. ET on Thursday, according to the The Block Price Page. That put the company's holdings above a value of $10 billion.
MicroStrategy recently announced it had acquired an additional 850 bitcoin for $37.2 million in January, according to a post by Michael Saylor, the company's founder and chairman. During much of last month, the price bitcoin fluctuated amid the launch of several spot bitcoin ETFs issued by traditional financial institutions like BlackRock and Fidelity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Watch Out: 18 Altcoins Have Massive Token Unlocks in the New Week – Supply in One Altcoin Will Nearly Double! Here’s a Day-by-Day, Hour-by-Hour List
The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.
XRP Price Dip Triggers Investor Caution as Long-Term Holders Shift Assets
Analyst Predicts Slower Liquidity Surge for 2025 – What It Means for Markets and Bitcoin