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MicroStrategy’s Current Bitcoin Holdings Stand at $5 Billion

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MicroStrategy has announced that it currently holds 91,000 Bitcoin. The firm’s total Bitcoin holding value stands at around $5 billion.

MicroStrategy, a publicly listed firm that provides business analytics and one of the most prominent institutional investors into Bitcoin, now holds around $5 billion worth of Bitcoin. This data is according to the financial reports released by the firm for the period of January 2021 to March 2021.

The CEO of this company, Michael J. Saylor, has released this announcement noting that the firm currently has around 91,579 Bitcoin. In the first quarter of 2021, the firm has raised over $1 billion, which was invested by increasing its Bitcoin holdings.

Successful Bitcoin Strategy

MicroStrategy also recorded a 10% increase in revenues during the first three months of this year. The revenues for this period reached $122.9 million. The firm also stated that it was looking to investing more in its Bitcoin portfolio in the coming years.

Saylor also noted that the firm’s strategy of investing through Bitcoin had been a successful one. In his statement, the firm had raised over $1 billion in additional capital during the first quarter. The capital had then been used to expand its Bitcoin holdings, which currently surpasses 91,000 BTC.

The CEO also pointed out the ‘Bitcoin for Corporations’ feature offered at MicroStrategy World. With this tool, firms can use their leadership skills in the crypto market to show other firms how they can include Bitcoin in their balance sheet. Saylor concluded that the firm was still in the process of buying and holding Bitcoin to create value for their shareholders.

Institutional Investors Not Affected by Bitcoin Price Crash

Accumulating Bitcoin in firm portfolio

MicroStrategy has been gradually looking for ways to increase its Bitcoin holdings since 2021. In February 2021, the firm bought around 19,452 Bitcoin, which was valued at $1.02 billion. At the time of purchase, Bitcoin was trading at a market value of $52,765 per Bitcoin.

At the beginning of April, MicroStrategy bought an additional $15 million worth of Bitcoin that enabled it to expand its portfolio that now has more than 91,000 Bitcoin.

Grayscale, the world’s largest crypto asset management firm, holds the most extensive Bitcoin portfolio. The firm has around 650,000 Bitcoin under its management, with a value of more than $34 billion.

Bitcoin’s price has gained by over 80% since January this year, with the highest price being recorded at $64,600 on April 14. However, this has dropped to around $54,000. The market dominance for the crypto has dipped to below 50%, with its market portfolio remaining at slightly above $1 trillion.

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    A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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