BlackRock's IBIT Bitcoin holdings exceed 210,000 coins, currently surpassing MicroStrategy
According to official data from BlackRock, as of March 12th, the holdings of its spot Bitcoin ETF (IBIT) amount to 215,625.76908 BTC, with a market value of approximately 15.2 billion USD and a current circulation of 357,680,000 shares. It is worth mentioning that as of March 10th, MicroStrategy and its subsidiaries collectively held around 205,000 bitcoins with a total purchase price of 6.81 billion USD at an average purchase price per bitcoin of $33,706. This means that if MicroStrategy did not acquire enough BTC from March 10th until now, then the Bitcoin holdings in BlackRock's IBIT would have exceeded those of MicroStrategy.
In news earlier today, it was reported that MicroStrategy submitted an application on Wednesday afternoon for a $500 million issuance of convertible senior notes and plans to use the proceeds to buy more bitcoins. Assuming the Bitcoin price remains around $73,000 currently levelled off at this point in time; MicroStrategy will be able to utilize the funds raised from this latest offering to purchase about 6,800 bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Tests Support as Holder Conviction Sets Stage for Rebound
The Bank of England keeps interest rates unchanged as expected and slows the pace of balance sheet reduction.
The Bank of England reiterated its cautious stance on future interest rate cuts, emphasizing that inflationary pressures remain significant. The government's autumn budget may become the decisive factor for the interest rate cut path for the remainder of the year.
Highlights of the Federal Reserve FOMC Statement and Powell's Press Conference
This FOMC decision and Powell’s speech sent a clear signal: the Federal Reserve is resuming rate cuts, but at a more cautious pace, with the core focus on balancing inflation stickiness and the risk of a slowdown in employment.
Initial Jobless Claims Data Stages a "Magic Show": From the Highest in Nearly Four Years to the Largest Drop in Nearly Four Years in an Instant!
Just a week ago, initial jobless claims had surged to their highest level in nearly four years, sparking market concerns over a spike in layoffs. However, the latest data released today presents a dramatic turnaround.
Trending news
MoreCrypto prices
More
