Who is the largest bitcoin holder?

MicroStrategy stock continued its downward spiral Monday, dragged down by plunging Bitcoin prices and newly released filings showing that the Securities and Exchange Commission objected to how the software company accounts for its cryptocurrency holdings .

The biggest corporate crypto holder is the Virginia-based business intelligence software maker MicroStrategy , according to a database from the crypto analytics firm CoinGecko. The $3.6-billion company owns 121,044 bitcoin, a crypto horde roughly 2.5 times larger than its nearest contender, Tesla.

The company paid an average price of $37,865 per bitcoin , it said in a statement. The 660 BTC acquired across the 32-day period equates to an average of 21 a day.1 Şub 2022

MicroStrategy also said it purchased bitcoins for $2.04 billion in cash for the first nine months of 2021 , up from $425 million in the prior-year period. The company is scheduled to release its fourth quarter earnings on Feb.