Michael Saylor, founder of MicroStrategy, continues his aggressive Bitcoin investment strategy. The company now boasts over 530,000 Bitcoins, a total market value exceeding $46.5 billion. Recently, he revealed plans for further purchases and indicated the strong interest from over 13,000 institutional investors in MicroStrategy’s stock, MSTR. This influx of capital has attracted even more interest from retail investors, with estimates suggesting around 814,000 individual accounts holding MSTR indirectly through ETFs, mutual funds, and pension funds. Recent transactions reveal MicroStrategy purchased 3,459 Bitcoins on April 14th for over $285 million. The company now holds 531,644 Bitcoins with unrealized profits reaching nearly $45.2 billion.
MicroStrategy isn’t solely relying on cash to acquire Bitcoin. Instead, it diversifies its capital by issuing corporate bonds and stocks, which channels funds away from traditional financial markets into the Bitcoin ecosystem. This strategy creates a pathway for MSTR stock to serve as an indirect avenue for investment in Bitcoin. Currently, over 12 U.S. state pension funds or investment entities hold MSTR stock, highlighting its widespread appeal. Meanwhile, Bitcoin ETFs have witnessed a net inflow of nearly $2.4 billion since April 17th, providing further support and mitigating short-term selling pressure on the market.