Recently, MicroStrategy has announced its purchase of an additional 16,130 BTC, approximately valued at $593.3 million USD, with an average price of $36,785 USD per BTC.
This move highlights MicroStrategy’s strong commitment to digital assets, increasing the total BTC held by the company to 174,530 BTC, valued at approximately $5.28 billion USD. As a result, MicroStrategy now owns around 0.9% of the total Bitcoin supply in circulation, which is about 19.5 million BTC.
Currently, MicroStrategy has amassed substantial profits, totaling $1.3 billion USD, thanks to its ongoing Dollar-Cost Averaging (DCA) strategy for Bitcoin over the past few months.
Earlier, in an interview with Bloomberg on June 13th, Michael Saylor explained that recent regulatory actions by the Securities and Exchange Commission (SEC) would help solidify Bitcoin’s dominance. It’s the only cryptocurrency that has been exempted from being classified as a security by SEC Chairman Gary Gensler.
Notably, MicroStrategy’s CEO also confidently predicted that Bitcoin would surge to $250,000 USD, representing a tenfold increase from its current price. He believes that cryptocurrency exchanges will play a significant role in driving this substantial price increase.