MicroStrategy's bitcoin is worth more than $10 billion as cryptocurrency nears $53,000

Markets • February 15, 2024, 10:21AM EST
Published 1 minute earlier on
The Block

Quick Take

  • MicroStrategy’s 190,000 bitcoin is now worth more than $10 billion as the world’s most popular cryptocurrency by market capitalization nears $53,000.

MicroStrategy's bitcoin holdings eclipsed a total value of $10 billion as the price of the cryptocurrency climbed to nearly $53,000 on Thursday.

The company last reported owning 190,000 bitcoin. The price of the world's most popular cryptocurrency by market capitalization rose to $52,803 as of 9:56 a.m. ET on Thursday, according to the The Block Price Page. That put the company's holdings above a value of $10 billion.

MicroStrategy recently announced it had acquired an additional 850 bitcoin for $37.2 million in January, according to a post by Michael Saylor, the company's founder and chairman. During much of last month, the price bitcoin fluctuated amid the launch of several spot bitcoin ETFs issued by traditional financial institutions like BlackRock and Fidelity.

RELATED INDICES

See crypto indices


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]

More by RT Watson