MicroStrategy\u2019s aggressive expansion<\/a> into the Bitcoin market takes another leap as the firm adds 16,130 BTC to its coffers at $593.3 million, procured at an average price of $36,785 per Bitcoin.<\/p>\n This significant acquisition stresses MicroStrategy\u2019s unwavering commitment to the digital asset, bringing the company\u2019s total holdings to 174,530 BTC, costing approximately $5.28 billion.<\/p>\n The acquisition strategy, with an overall average investment price of $30,252 per unit, has positioned the firm favorably in the face of the current Bitcoin price of roughly $37,700. The calculated result is a profit margin of approximately $1.3 billion, a substantial profitability indicator.<\/p>\n MicroStrategy owns approximately 0.90% of the total circulating supply of Bitcoin, which is 19.5 million BTC.<\/p>\n The post MicroStrategy owns nearly 1% of Bitcoin\u2019s circulating supply after new purchase<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take MicroStrategy\u2019s aggressive expansion into the Bitcoin market takes another leap as the firm adds 16,130 BTC to its coffers at $593.3 million, procured at an average price of $36,785 per Bitcoin. This significant acquisition stresses MicroStrategy\u2019s unwavering commitment to the digital asset, bringing the company\u2019s total holdings to 174,530 BTC, costing approximately $5.28 […]<\/p>\n","protected":false},"author":2,"featured_media":203772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-203771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203771"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203771\/revisions"}],"predecessor-version":[{"id":203773,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203771\/revisions\/203773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203772"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}