Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Nica Osorio

MicroStrategy Inflates Bitcoin Stash Ahead Of Anticipated BTC ETF Approvals; Owns 0.9% Of Circulating Supply

MicroStrategy Bitcoin ETF Michael Saylor
Overview of The MicroStrategy Platform (Credit: Youtube Screenshot/ MicroStrategy Official YouTube Channel)

KEY POINTS

  • MicroStrategy spent nearly $600 million to purchase 16,130 BTC
  • It now holds 174,530 BTC, acquired for $5.28 billion at an average price of $30,252 per token
  • Bitcoin was trading in the green zone at $38,283.64 in the early hours of Friday

MicroStrategy has added more Bitcoin to its crypto stash and holds approximately 0.90% of the crypto asset's circulating supply, ahead of potential spot Bitcoin exchange-traded fund (ETF) approvals.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Woman finds a white purse at a thrift store. Then she unzips a small pocket and realizes it isn’t empty: ‘This is crazy’
That was a surprise!
We Got This Covered
We Got This Covered
Pop Star Britney Spears Reportedly Branded 'Clueless' by Critics Over Recent Dollywood Ride Video
Britney Spears shared footage from a family visit to Dollywood, praising the Tennessee attraction, while some online viewers criticised the language heard during a spinning-ride video.
International Business Times UK
International Business Times UK
What Happened to Travis Barker? Musician Shares Hospital Photos as Kourtney Kardashian Stays by His Side
Travis Barker says he underwent cubital tunnel release surgery after experiencing numbness in his arm, hand and fingers, adding that he hopes to resume drumming within weeks.
International Business Times UK
International Business Times UK
Woman orders a Whopper and a Whopper Jr. at a mall Burger King. Then she sees the $30 total and shows the camera the tray: ‘This is crazy’
She showed everything that came with it.
We Got This Covered
We Got This Covered
'I didn't know this place existed': Britney Spears enjoys family day at Dollywood
Britney Spears enjoyed a visit to Dollywood with her two sons - but admitted she hadn't been aware the theme park "existed" before their trip.
BANG Premier
BANG Premier
How Jim Bakker became the Johnny Carson of Christian TV
When I was researching my 2017 book, “PTL: The Rise and Fall of Jim and Tammy Faye Bakker’s Evangelical Empire,” I interviewed dozens of former staffers and supporters of PTL, the ministry, television and theme park empire that the Bakkers built starting in the 1970s.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play