Bitcoin Empire of Michael Saylor: Trump’s Win Sparks Record-Breaking Accumulation
Since November of last year, when US President Donald Trump won the federal election, Michael Saylor’s Bitcoin treasury firm has more than doubled its Bitcoin holdings. Since Trump won the election, Strategy has amassed 376,571 Bitcoin, which is currently valued at $43.2 billion. It had taken Strategy just over four years to amass 252,220 BTC prior to Trump’s victory.
Thus, 60% of the company’s present 628,791 BTC holdings were acquired in the previous nine months. The move coincided with Trump‘s introduction of a number of pro-crypto regulations and the repeal of the enforcement measures against the sector that had been in place during the Biden administration.
Post-Election Bitcoin Buying Frenzy: Strategy Adds $12.5B in BTC
In a Securities and Exchange Commission statement on Monday, Strategy revealed that it had purchased 21,021 Bitcoin for $2.46 billion over the previous week, making it the third-largest buy in terms of cash value since it started hoarding the cryptocurrency five years prior.
With the most recent acquisition occurring at an average price of $117,256 per coin, it has been purchasing at historically high prices, indicating that it is committed to its Bitcoin strategy even in the face of high values. According to corporate records, the company made two large acquisitions after the US election in November: 55,500 BTC for $5.4 billion and 51,780 BTC worth $4.6 billion.
Bitcoin Is Unstoppable: Saylor Compares It to a Swarm of Hornets
In an interview on Fox Business on Monday, Strategy executive chairman Saylor referred to Bitcoin as a freedom virus.
We think of it as a swarm creature because everywhere in the world, there’s someone supporting the Bitcoin ecosystem.
Saylor
By issuing credit instruments through its Bitcoin Yield, Strategy hopes to double the profits of BTC alone, describing it as unstoppable as a swarm of hornets. The fourth-most profitable finance company in the US at the moment, he continued, is Strategy. Saylor responded as follows when questioned about other businesses implementing Bitcoin treasuries:
It’s not a problem, all those companies who are adopting the Bitcoin standard, it’s just like companies deciding to put internal combustion engines in their machines, or use electricity, or the internet, or computers. It’s going to become the rule over time.
Saylor
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