Microstrategy now holds a significant portion of Bitcoin's limited supply

IconCryptoNewsTerminal Staff16 Sep, 2024

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Microstrategy now holds a significant portion of Bitcoin's limited supply

Microstrategy, a business intelligence firm, has continued to accumulate Bitcoin, and now owns around 1.17% of the entire Bitcoin supply. According to Ecoinometrics X, a crypto newsletter platform, Microstrategy now holds approximately 245,000 BTC. "MicroStrategy continues to accumulate more bitcoin. The firm's holdings are larger than most ETFs," the outlet added. Microstrategy's Bitcoin holdings are a testament to the company's belief in the cryptocurrency's long-term potential.