Bitcoin News
By Evie Vavasseur
1 / 12
Michael Saylor’s crypto-focused company, now known simply as Strategy, has made another massive Bitcoin purchase, increasing its dominance in the cryptocurrency space.
2 / 12
With this acquisition, Strategy becomes the largest corporate holder of Bitcoin globally. The company’s total stash is now worth an estimated $72 billion, a staggering amount…
3 / 12
Strategy, which evolved from MicroStrategy Inc., has been investing in Bitcoin since late 2020.
4 / 12
The Bitcoin supply is capped at 21 million coins, making it a scarce digital asset. To date, roughly 19.9 million BTC have been mined.
5 / 12
What makes this strategy particularly aggressive is the way Strategy has financed its Bitcoin purchases.
6 / 12
The aggressive accumulation has paid off. Since Saylor started investing in Bitcoin, the company’s common stock has soared more than 3,500%, compared to a roughly 1,100% rise in…
7 / 12
BlackRock’s iShares Bitcoin Trust ETF (IBIT) remains the only other corporate entity with a larger Bitcoin-related holding, managing around $86 billion in BTC assets through its…
8 / 12
Bitcoin’s scarcity is further reinforced by its supply mechanisms. The network’s original code ensures that only 21 million coins can ever exist, with built-in halving events…
9 / 12
Saylor’s conviction in Bitcoin’s value proposition as digital gold remains unchanged. He has repeatedly stated that Bitcoin is the best long-term store of value in an…
10 / 12
The firm’s strategy has sparked interest among institutional investors and other corporations.
11 / 12
While critics warn of the risks associated with concentrating too much capital in a volatile asset like Bitcoin, Strategy’s success so far has demonstrated the potential upside…
12 / 12
Nonetheless, Strategy’s relentless pursuit of Bitcoin highlights a growing trend of corporate crypto adoption.
The Currency Analytics
Want the full story?