Microstrategy BTC Holdings is worth more than 10 billion dollars

With a total of 190,000 bitcoins, MicroStrategy's investment in BTC has surpassed $10 billion. The milestone came after BTC broke above $50k, underpinning the firm's strong belief in the asset's long-term value and its role as a hedge against inflation.

Since entering the Bitcoin market in August 2020, MicroStrategy now holds over 190,000 BTCs worth over $10B.

MSTR Down, BTC Up

MicroStrategy has consistently increased its holdings through the years, even in the depths of the bear market at the beginning of 2022. The company resisted the pressure to buy BTC, while the market seems to go nowhere but south.

However, despite the decline in Q4 revenue and gross profit, the company's BTC holdings grew significantly. Only in January, the executive chairman, Michael Saylor, announced the purchase of another 850 BTC for $37.2 million.

Even after MSTR's stock fell 16% after the launch of Bitcoin ETFs, Saylor said he was willing to sell his own MSTR stock to buy more BTC.

The company decided to switch from government securities and bonds to bitcoin because it thinks bitcoin is superior when it comes to returns. Michael Saylor argued for Bitcoin's purchasing power to protect against rising inflation. Its holdings are the largest of the nine new Bitcoin ETFs, representing about 1% of all BTC in circulation.

ETFs Behind Bitcoin Mania

After bitcoin gained $52,000 and altcoins saw renewed interest, the crypto market reached $2 trillion in total capitalization on Thursday, a figure not seen since mid-2022. Market observers attribute much of Bitcoin's recent rally to increased interest and investment in these ETFs.

Moreover, the income of the Bitcoin ETF increased last week, exceeding $ 2.2 billion. BlackRock dominates the scene, driving around 82% of revenues and has over $5 billion in TVL.