MicroStrategy’s Bold Bitcoin Bet: $427M Purchase Amplifies Holdings to 580,250 BTC

MicroStrategy, under the leadership of executive chairman Michael Saylor, has once again demonstrated its unwavering confidence in Bitcoin by acquiring an additional 4,020 BTC for $427 million. This latest purchase brings the company’s total Bitcoin holdings to an impressive 580,250 BTC, solidifying its position as the largest corporate holder of the cryptocurrency. Saylor’s bullish outlook on Bitcoin remains steadfast, with recent speculation suggesting a potential price target of $13 million per coin. As of now, Bitcoin’s price stands at 109,261.49 USDT, reflecting the growing institutional interest and long-term value proposition of the leading digital asset.

MicroStrategy Doubles Down on Bitcoin with $427M Purchase, Boosting Holdings to 580,250 BTC

MicroStrategy, led by executive chairman Michael Saylor, has made another aggressive bitcoin acquisition—adding 4,020 BTC for $427 million. The company’s total holdings now stand at a staggering 580,250 BTC, reinforcing its position as the largest corporate holder of the cryptocurrency.

Saylor’s bullish outlook remains unwavering. He recently speculated Bitcoin could reach $13 million per coin as a hedge against global debt inflation. This latest purchase follows a pattern of strategic accumulation, with MicroStrategy actively buying dips since 2020.

The market watches closely as institutional demand collides with macroeconomic uncertainty. MicroStrategy’s unorthodox treasury strategy continues to challenge traditional corporate finance paradigms.

BlackRock Nears Satoshi Nakamoto’s Bitcoin Holdings, Dominates Institutional BTC Exposure

BlackRock’s iShares Bitcoin Trust (IBIT) has amassed over 621,000 BTC since its January 2024 launch, now holding roughly 2.96% of Bitcoin’s total supply. At $64.5 billion in assets under management, the fund trails only the mythical stash of Bitcoin creator Satoshi Nakamoto in size.

The rapid accumulation underscores institutional dominance in Bitcoin markets. IBIT’s holdings exceed those of major crypto exchanges and rival nation-state reserves, cementing BlackRock’s position as a gatekeeper for traditional finance’s Bitcoin exposure.

Ulbricht to Address Bitcoin 2025 Following Pardon and $31K BTC Auction

Ross Ulbricht, the founder of Silk Road, is set to make his first public appearance since his release from prison at Bitcoin 2025 in Las Vegas this Friday. Ulbricht was granted a full pardon by former President Donald TRUMP eight months after a campaign pledge, cutting short his double-life sentence after 12 years.

The event coincides with renewed interest in Ulbricht’s legacy, including a recent BTC auction tied to his case that reached $31,000. His upcoming speech marks a pivotal moment for Bitcoin advocates who championed the #FreeRoss movement.