MicroStrategy Acquires $1.1 Billion in Bitcoin

MicroStrategy has made a significant move by purchasing $1.1 billion worth of Bitcoin, raising its total holdings to an impressive $14.3 billion. This acquisition now represents about 1.17% of all Bitcoin in circulation, further cementing the company’s place as the largest corporate holder of Bitcoin.

To support this strategy, MicroStrategy launched a $700 million debt offering that will mature in 2028, allowing lenders to earn interest while also gaining exposure to Bitcoin’s market performance.

Fred Thiel, CEO of Marathon Digital (NASDAQ: MARA) Holdings, commented on the situation, highlighting that MicroStrategy’s large acquisition reduces the amount of Bitcoin available for others. Marathon recently purchased an additional 5,000 Bitcoin, bringing its total holdings to 26,200 BTC, worth approximately $1.5 billion, making it the second-largest public holder of Bitcoin.

As Marathon continues to accumulate Bitcoin, it now holds about 0.12% of the total supply. This competition between MicroStrategy and Marathon reflects a broader trend of increased interest in Bitcoin among corporations.

Over the past year, public companies have boosted their Bitcoin holdings from 272,770 BTC to 333,329 BTC, showcasing a growing appetite for the digital asset. Additionally, ETFs and funds have expanded their Bitcoin reserves, increasing from 771,000 BTC to over one million BTC in the same timeframe.

This article was originally published on U.Today.