MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord (2024)

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MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord? ›

MicroStrategy (MSTR) raised over $1.5 billion in the first quarter and used the proceeds to acquire an additional 25,250 bitcoin (BTC) and now owns 214,400 BTC worth around $13.6 billion, broker Canaccord Genuity said in a research report on Monday.

MicroStrategy's latest bitcoin purchase follows its acquisition of 9,245 BTC for $623 million in March, followed by two smaller purchases, which took the firm's holdings over 1% of the total 21 million bitcoin supply for the first time.

The table above accurately updates our BTC price in real time. The price of BTC is up 0.67% since last hour, up 1.7% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $14.39B USD. BTC has a circulating supply of 19.71M coins and a max supply of 21.00M BTC.

MicroStrategy could be seen as a leveraged bitcoin vehicle, as it has issued $4.4 billion in debt since 2020 and purchased 226,331 bitcoins, valued at about $14.7 billion.

Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

Vanguard owns the most shares of Microstrategy Inc.

It uses business intelligence and predictive analytics to search through and perform analytics on big data from a variety of sources, including data warehouses, Excel files, and Apache Hadoop distributions.

How many bitcoins exist, and how many are left to mine? Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined.

How long does it take to mine one Bitcoin? It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. More commonly and reasonably, most users can mine a Bitcoin in 30 days.

How much has MicroStrategy lost in bitcoin? ›

Digital Assets: As of March 31, 2024, the carrying value of the Company's digital assets (comprised of approximately 214,278 bitcoins) was $5.074 billion, which reflects cumulative impairment losses of $2.461 billion since acquisition and an average carrying amount per bitcoin of approximately $23,680.

From the time of its initial public offering in June 1998 through March 2000, MicroStrategy, Inc., a software company whose securities are listed on NASDAQ, materially overstated its revenues and earnings contrary to Generally Accepted Accounting Principles ("GAAP").

In 2012, the Winklevoss twins began investing heavily in Bitcoin, purchasing around 1% (approximately 100,000 BTC) of the total circulating supply at that time. This early investment helped them amass a substantial amount of wealth and become Bitcoin millionaires as the value of the coin skyrocketed.

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

The federal government's relationship with bitcoin has generated numerous headlines over the years, which is surprising, considering that the U.S. government is one of the largest holders of bitcoins.

Recent SEC filing reveals that MicroStrategy to reinvest $500M stock sales into Bitcoin. MicroStrategy (MSTR) intends to sell up to $500 million in stock. The sale is expected to take place to fund additional crypto asset purchases.

MicroStrategy will purchase more bitcoin and is raising debt to finance that buy. The company is offering $500 million in convertible senior notes to institutional buyers. MicroStrategy already holds roughly $14 billion worth of bitcoin on its balance sheet.

According to MicroStrategy's latest financial reports and stock price the company's current number of shares outstanding is 17,194,000.

Nakamoto owns between 750,000 and 1,100,000 Bitcoin. In November 2021, when Bitcoin reached a value of over $68,000, his net worth would have been up to $73 billion, making him the 15th-richest person in the world at the time.