MicroStrategy is among the top companies that hold such massive amounts of Bitcoin. Recently, the company added 2,500 BTC to their total bitcoin holding, which now stands at 132,500 BTC.
On December 28th, Michael Saylor, the CEO of MicroStrategy, tweeted that his company had purchased 2500 BTC. He has 2.8 million followers on Twitter. As of December 27th, 2022, MicroStrategy holds 132,500 bitcoin acquired for $4.03 billion at an average price of $30,397 per bitcoin.
According to an SEC filing by MicroStrategy, during the period between November 1, 2022, and December 21, 2022, MicroStrategy, through its wholly-owned subsidiary MacroStrategy LLC, acquired approximately 2,395 bitcoins for approximately $42.8 million in cash at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses.
Earlier on December 22nd, 2022, MacroStrategy sold around 704 bitcoins for approximately $11.8 million at an average price of approximately $16,776 per bitcoin, excluding fees and expenses.
On December 24th, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash at an average price of approximately $16,845 per bitcoin, including fees and expenses.
MicroStrategy started purchasing cryptocurrencies in 2020, and in just a few days, it will complete two years of purchasing BTC, and in these two years, the company never sold any bitcoin. But in the second week of December 2022 the company for the first time sold bitcoin – 704 bitcoin.
According to the statement of Michael Saylor, the executive chairman and co-founder of MicroStrategy believes that bitcoin will again trade at $69,000 in the coming four years.
In an interview in September, he further predicted that Bitcoin would trade at $500,000 in the coming ten years with a market capitalization equal to that of gold.
Apart from the noteworthy difference between the market capitalization of both assets is the almost $11 trillion of Gold and $365 billion of bitcoin. However, Saylor has always chosen crypto over any other asset.
There are many Bitcoin enthusiasts and evangelists. However, Micheal Saylor is at the top of the list and never misses a chance to praise bitcoin in his interviews and social media.
Justin Sun is among the richest persons in the crypto industry, and it is believed that Sun holds a massive amount of bitcoin stored in one place, U.S.-based Valkyrie Investment.
In August, Valkyrie, a crypto asset manager, held more than $580 million in BTC belonging to Justin Sun, according to private financial documents by a crypto news outlet. The total amount is over 90% of the total held in Valkyrie’s largest division, per the financial documents.
Although Sun never commented on his crypto holdings, reports suggest he is among the biggest crypto owners in the crypto industry.
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Source: https://www.thecoinrepublic.com/2022/12/29/microstrategy-amasses-additional-2500-btc-total-count-reaches-32500-bitcoin/