MicroStrategy owns more Bitcoin than every other public company combined
MicroStrategy, the NASDAQ-listed data intelligence company run by Bitcoin bull Michael Saylor, just bought another $15 million worth of BTC.
The move swelled MicroStrategy’s Bitcoin treasury to 90,859 BTC ($4.4 billion), a stash it only started acquiring last August.
MicroStrategy spent $1 billion on 19,452 BTC only last week.
- MicroStrategy holds more Bitcoin than every other public company combined.
- Bitcoin accounts for nearly 60% of MicroStrategy’s $7.7 market value
- It owns 42,859 BTC ($2.1 billion) more than Tesla; 82,832 BTC ($4 billion) more than Square.
“[MicroStrategy] now holds over 90,000 [BTC], reaffirming our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value,” said Saylor in a press release last week.
Other Bitcoin companies have shined brighter
But while Saylor’s gone deep, other stocks with large Bitcoin treasuries have seen their share prices surge higher than MicroStrategy’s.
Share prices of Voyager Digital, Riot Blockchain, and Marathon Patent Group have all risen thousands of percent since this time last year, during which time Bitcoin’s has jumped 460%.
[Read more: Chasing candles — here’s where Bitcoin’s ‘Tesla pump’ ranks in history]
Respectively, those companies are sitting on 16,402 BTC ($800 million), 1,175 BTC ($57 million), and 4,813 BTC ($234 million).