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MicroStrategy's Next Bitcoin Purchase Is Likely to Take Its Holdings Above Grayscale's GBTC

The self-described Bitcoin development company currently holds 252,220 bitcoins, but has more than $1 billion in dry powder with which to purchase additional tokens.

By Helene Braun|Edited by Stephen Alpher

Updated Sep 30, 2024, 4:02 p.m. Published Sep 30, 2024, 3:51 p.m.

Michael Saylor's MicroStrategy could soon have bigger bitcoin pockets than Grayscale. (Danny Nelson/CoinDesk)