Microstrategy owns almost $15 billion worth of Bitcoin

MicroStrategy recently acquired an additional 12,000 BTC between April and the end of June 2024, bringing their total to approximately 226,331 Bitcoin tokens worth nearly $15 billion

A Securities and Exchange Commission filing revealed that the company purchased 11,931 BTC from the end of April to June 19 at an average price of $65,883, which was worth approximately $780 million. This one purchase further reinforced MicroStrategy's commitment to Bitcoin .

MicroStrategy currently owns about 1% of all BTC, making it the largest publicly traded corporate holder. The company has invested about $8.33 billion, with an average acquisition price of $36,798 per token.

CEO Michael Saylor examines Bitcoin as a hedge against inflation and as a store of value that drives the company's continued investment. Despite a recent decline of 8%, MicroStrategy shares have rallied over 345% in the past year, reflecting the volatility of the crypto market.

MicroStrategy's strategy has inspired other companies, such as DeFi Technologies and Semler Scientific in the US and Metaplanet in Japan, to adopt similar strategies for exposure to Bitcoin.