As a seasoned analyst with over two decades of experience in the financial markets, I find myself intrigued by the strategic moves of companies like MicroStrategy and Tesla in their Bitcoin acquisitions. Michael Saylor’s continuous advocacy for Bitcoin and his company’s substantial holdings serve as a testament to the potential of this digital currency.
As a fervent believer in the potential of Bitcoin, I, much like Michael Saylor, felt compelled to echo a crucial message to our crypto-savvy group via the social media platform X (once known as Twitter).
Through this post, he seems to be encouraging the public to either begin or persist with the process of amassing the leading global digital currency, Bitcoin, as the opportunity may not last forever. Michael Saylor of MicroStrategy asked, “Have you been saving Bitcoin this year?
He also revealed how much Bitcoin Elon Musk’s Tesla now holds.
Did you stack bitcoin this year?
— Michael Saylor⚡️ (@saylor) December 27, 2024
Top 60 Bitcoin holder list by Michael Saylor
Saylor published a list of top 60 largest institutional Bitcoin holders around the world. MicroStrategy comes first on it with its 444,262 Bitcoin bag followed by Marathon Digital (MARA) which holds 44,394 BTC – a roughly 10x difference between these two. Then come Riot Platforms and Hut 8 – Saylor has mentioned all these three companies several times in his tweets as of late since they started accumulating Bitcoin to form their own strategic BTC reserves, following MicroStrategy’s playbook.
On this particular ranking, Tesla – a global leader in electric vehicle production founded by Elon Musk – holds the fifth spot with approximately 9,720 Bitcoins as part of its holdings. Immediately behind Tesla is Coinbase, the top U.S. cryptocurrency exchange, owning nearly 9,480 Bitcoins in its reserves.
This list also includes heavyweights like Galaxy Digital (owned by Mike Novogratz with approximately 5,400 Bitcoin) and Block (with 8,363 Bitcoin owned by Jack Dorsey). These companies are not just from the United States; they’re headquartered in various countries such as Canada, Singapore, Norway, Thailand, Germany, Japan, and many more across the globe. Combined, these 60 entities control a total of 591,368 Bitcoins, which equates to an astounding $54,225,094,424 when converted at the current Bitcoin-to-US-Dollar exchange rate.
This past week, MicroStrategy disclosed a significant purchase of Bitcoin valued at approximately $561 million. They acquired this amount for around $107,000 per single Bitcoin.
$299 million “Bitcoin gift” from MicroStrategy
According to a report from U.Today, Michael Saylor recently disclosed the Bitcoin returns generated by his company for MSTR shareholders in the previous week. These shareholders had assisted MicroStrategy in raising funds for Bitcoin purchases during the last two years by buying its senior convertible notes.
According to his tweet, last week, MicroStrategy’s treasury operations helped generate a 0.72% BTC yield which equaled a net benefit of 3,177 BTC. At the time when this tweet was published this comprised roughly $299 million – a “Bitcoin gift” to MSTR shareholders, per Saylor.
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2024-12-27 17:58