MicroStrategy - The Largest Corporate Bitcoin Holder
The MicroStrategy company, led by the well-known Bitcoin maximalist Michael Saylor, is the largest corporate holder of the first cryptocurrency in the world. Starting from August 2020, the firm has managed to accumulate an impressive 717,131 BTC, making 99 separate purchases.
Saylor hinted in his recent tweet that MicroStrategy will soon make its 100th Bitcoin purchase. This is another important milestone in the company's strategy to build up its cryptocurrency portfolio, which is attracting increasing interest from major institutional investors.
It is worth noting that the average price at which MicroStrategy acquired its Bitcoins is around $30,700 per coin. This is significantly lower than the current market rate of BTC, which makes this investment even more profitable for the company in the long term.
Prospects for Further Growth
Despite the recent drop in the price of Bitcoin, Michael Saylor remains confident in the long-term potential of the first cryptocurrency. He has repeatedly stated that MicroStrategy will continue to actively increase its investments in BTC, considering it as a reliable safe-haven asset and a means of capital preservation.
Given Saylor's influence and authority in the crypto community, his actions will certainly be closely monitored by investors. Likely, another major BTC purchase by MicroStrategy will be another positive signal for the market and will contribute to further growth in the price of Bitcoin.