Key Takeaways
How much Bitcoin does MicroStrategy currently own?
The company now owns 640,250 BTC, worth approximately $47.38 billion, making it the largest corporate Bitcoin holder in the world.
How did the market react to the purchase?
Shares of MicroStrategy (MSTR) rose 3.5% to $315.47, while Bitcoin itself fell 2.61% in 24 hours.
Donald Trump’s latest rate shock may have roiled global markets and sent crypto prices plummeting, but institutions aren’t giving up yet.
Michael Saylor’s Bitcoin Bet
In fact, Strategy (formerly MicroStrategy) founder Michael Saylor doubled on his Bitcoin [BTC] conviction. He revealed a new purchase of 220 BTC worth approximately $27.2 million at an average price of $123,561 per coin.
This pushed the company’s total holdings to 640,250 BTC, worth approximately $47.38 billion.
While Bitcoin supporters cheered Saylor’s move, longtime gold advocate Peter Schiff took aim at both Saylor and BTC.
He said,
“So why didn’t you buy one when the price dropped to $104,000? Your average purchase price during the week is almost 8% above the current market. Furthermore, your average price on your entire position is $74,000. That’s only a 55% gain. MSTR would be better off if you had bought gold instead.”
But despite continued criticism from skeptics, Saylor’s strategy continues to serve as a benchmark for Bitcoin’s institutional adoption.
How Does Bitcoin Help the Strategy?
Data from BitBo showed that the company currently owns 640,031 BTC, worth approximately $71.84 billion, making it the largest corporate holder of Bitcoin worldwide.
This position is further validated by CoinGecko’s Bitcoin Treasury Holdings factswhich tracks both publicly traded companies and governments that hold Bitcoin as part of their reserves, placed MicroStrategy firmly at the top of the list.
Additionally, shares of MicroStrategy (MSTR) reacted positively to the announcement, rising 3.50% to $315.47, according to Google Finance.
At the time of writing, BTC was trading at $112,219.95, down 2.61% in the past 24 hours and 9.41% in the past week, according to CoinMarketCap facts.
The policy tailwinds strengthen Saylor’s conviction
This coincided with the new guidance from the IRS, which turned out to be a big win for Strategy.
In effect, the revised policy allows companies to defer taxes on unrealized profits until assets are sold, reversing previous Corporate Alternative Minimum Tax (CAMT) rules.
For a company deeply invested in Bitcoin, this move eases financial pressure and reinforces Michael Saylor’s belief in BTC as a long-term treasury asset.