Strategy (formerly MicroStrategy), a pioneer in Bitcoin treasury, has further cemented its position as the largest corporate holder of bitcoin by announcing the purchase of an additional 220 BTC worth $27.2 million.
The company now owns a staggering 640,250 Bitcoins, representing more than 3% of the total supply of 21 million coins.
With an average purchase price of $74,000 per Bitcoin, the company's total investment of $47.4 billion is now worth approximately $73 billion, reflecting a massive paper gain of over $25 billion.
A recent tally shows that 188 public companies now hold Bitcoin on their balance sheets. The top ten holders, led by MARA (52,850 BTC), collectively hold over 250,000 BTC, indicating significant institutional adoption.