Many data indicate that MicroStrategy is the largest BTC holder of publicly traded companies in the United States. So, the question has come, How Many Bitcoins Does Microstrategy Own? Let's see, then.
How Many Bitcoins Does Microstrategy Own?
Currently, it holds around 130,000 bitcoins, which it paid $3.98 billion, or $30,639 per coin, to purchase.
A Significant Lose From Bitcoin Holding
The statement came with the release of the company's second-quarter earnings. According to its financial statements, the company lost $1.062 billion, mostly as a result of $917 million in impairment costs related to its Bitcoin holdings.
Saylor, a strong advocate of Bitcoin, was always doubling down on buying Bitcoin. Under his leadership, the company bought $250 million worth of bitcoin in 2020, and as of June 30th, 2022, it reported owning $1.988 billion worth of bitcoin. the current crypto winter has caused the price of Bitcoin to plummet; it is currently less than half of where it peaked.
What Happened Next?
In his new role as executive chairman, Micheal Saylor will be more focused on Bitcoin, according to a statement from Microstrategy. In his words, "As Executive Chairman, I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations." It's unclear what Saylor will do with Bitcoin after that.
"How Many Bitcoins Does Microstrategy Own? Given the huge loss, what will former Microstrategy CEO Michael Saylor do next?" I hope, this article can help you to understand it better.
