The largest publicly traded company holder of Bitcoin (BTC) just added more than 2,000 new tokens to its supply.
According to MicroStrategy founder Michael Saylor, the software development company, just stuck 2,138 BTC worth approximately $209 million.
“MicroStrategy acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and has delivered a BTC return of 47.8% QTD (quarter-to-date) and 74.1% YTD (year-to-date). As of 12/29/2024, we had acquired 446,400 BTC for ~$27.9 billion at ~$62,428 per Bitcoin.”
Saylor contained a link to the company’s SEC filing on its acquisition of BTC.
Last week, MicroStrategy added three new seats to its board of directors.
In one submit Together with the US Securities and Exchange Commission (SEC), the enterprise software company said the number of board members has increased to nine.
“On December 20, 2024, the Board of Directors (the “Board”) of MicroStrategy Incorporated (the “Company”), upon the recommendation of the Board Nominating Committee, increased the size of the Board from six to nine members.”
The next day, reports surfaced that MicroStrategy, along with governments and exchange-traded funds, owns nearly a third of all known BTC investments.
The 31% of known BTC holdings owned by ETFs, governments and MicroStrategy represent a 14% increase from December 2023, according to Ki Young Juthe founder and CEO of CryptoQuant, a digital asset analytics company.
The key digital asset is trading at $93,817 at the time of writing, down 1.5% on the day.
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Generated image: Midjourney