bitcoin

MicroStrategy becomes the highest Bitcoin Hodler among Public Companies

Analytics and mobility software firm MicroStrategy has added additional bitcoin (btc) to its portforlio. The latest purchase of about 3,907 bitcoins cost $177 million taking its total haul to 108,992 btc.

This was revealed in a report submitted earlier today by the business intelligence firm to the U.S Securities and Exchange Commission.

MicroStrategy is ranked as the largest independent publicly-traded business intelligence company. It now hodls more bitcoins than any other public company. 

American automaker Tesla comes in second on the list with 42, 0000 bitcoins according to Elon Musk’s tweet last month.

In all, the MicroStrategy bitcoin wallet holds 0.58% of the entire btc in circulation which is worth $2.918 billion but CEO Michael Saylor maintains that the firm will continue to increase its position in bitcoin.

Bitcoin is currently trading at $48,201 as at press time having dropped by 2.85% today.

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About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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