MicroStrategy acquires 2% of the world's Bitcoin supply

MicroStrategy, the largest publicly traded Bitcoin holder, has purchased an additional 11,000 BTC worth 1.1 billion dollars, bringing its total cryptocurrency holdings to 461,000 BTC. This was reported by The Block.

As of today, the company holds 461,000 Bitcoins—approximately 2% of the total global supply. The cryptocurrency was acquired at an average price of around 63,610 dollars per coin. The purchase was funded using investor money raised through the issuance of 3,012,072 company shares.

MicroStrategy still has 5.42 billion dollars in available shares out of the planned 21 billion dollars allocated for Bitcoin purchases. This means the company could acquire approximately 50,000 more BTC.

Earlier, we reported that the U.S.-based crypto exchange Coinbase launched a Bitcoin-backed lending service through the decentralized platform Morpho.