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Also Read: Wall Street Files 7 Ethereum ETF Applications; Will US SEC Approve? advertisement The company stares at a very interesting time in the regulatory scope of Crypto Market as the industry experts grow increasingly confident of the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETF applications. In this context, the Michael Saylor cofounded company may face tough time defending its position as the largest institutional holder of BTC. The company in its quarterly earnings reported that it holds as many as 152,800 BTC with an average Bitcoin price of $29,672 per cryptocurrency. Bitcoin & Certainty While the crypto asset industry faces fear and uncertainty over regulatory clarity in the United States , trading of Bitcoin is hardly contested by regulators. Speaking to CNBC, Saylor said Bitcoin is the “Most certain thing in an economy full of uncertainty.” Also, he welcomed the spot ETF developments f...

In the latest announcement, MicroStrategy chief Michael Saylor announced that the software intelligence firm has bought a 12,333 Bitcoin on Tuesday. In a message on Twitter, Saylor wrote: advertisement MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin . As of 6/27/23 @MicroStrategy hodls 152,333 $BTC acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. Ever since their making entry into Bitcoin back in September 2022, MicroStrategy has been periodically purchasing Bitcoins at regular intervals. The company has managed to hold strong even during the crypto winter of 2022. Michale Saylor has been one of the biggest advocates of Bitcoin and believes it to be a strong store of value under the current inflationary conditions in the global economy. Furthermore, Saylor has been a strong advocate of Bitcoin’s Layer-2 scalability platform i.e. the Lightning Network, and believes t...