"On April 19, Michael Saylor posted 'Think Even Bigger' on X, hinting at a significant Bitcoin purchase. The next day, it was revealed that Strategy had bought 34,164 BTC for $2.54 billion, marking its largest weekly purchase since November 2024."
"Strategy's total Bitcoin holdings now stand at 815,061 BTC, costing $61.56 billion, which is close to 4% of all Bitcoin in circulation. This purchase allowed Strategy to surpass BlackRock's iShares Bitcoin Trust, which held 802,823 BTC as of April 17."
BlackRock's iShares Bitcoin Trust was the largest institutional Bitcoin holder until April 2024. Strategy, formerly MicroStrategy, purchased $2.54 billion in Bitcoin, surpassing IBIT's holdings. This purchase included 34,164 BTC at an average price of $74,395 per coin. Strategy's total Bitcoin holdings reached 815,061 BTC, representing nearly 4% of all Bitcoin in circulation. This shift marks a significant change in institutional Bitcoin ownership, with Strategy overtaking IBIT, which had held the lead since Q2 2024.
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