MicroStrategy’s Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale’s GBTC
MicroStrategy could soon have bigger bitcoin pockets than Grayscale.
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MicroStrategy could soon have bigger bitcoin pockets than Grayscale.
Seven days after hitting the market, the T-REX 2X Long MSTR Daily Target ETF (MSTU) has become one of the most successful new exchange-traded funds (ETFs) on the market after attracting over $72 million.
Exploring the unique strategies and competitive landscape of BlackRock’s IBIT vs. MicroStrategy
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
MicroStrategy, Cathedra Bitcoin and Metaplanet are leading the charge in maximizing bitcoin holdings.
Cathedra Bitcoin will move away from mining business and will develop data center instead.
The company is the largest corporate bitcoin holder with 244,800 bitcoin worth over $14 billion in its treasury.
The firm now holds over 244,800 bitcoin, founder Michael Saylor said in an X post.
South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.
The broker raised its year-end price target for the software company to $2,150 from $1,875.