Featured News Headlines
Michael Saylor’s Crypto Firm Strategy Inc. Dominates Bitcoin Market with Massive Holdings
Michael Saylor’s digital asset treasury firm, Strategy Inc., has reached a new all-time high in crypto value, now surpassing the market capitalization of several leading banks and rivaling the GDP of some countries.
Saylor revealed on Thursday that Strategy’s Bitcoin holdings are now valued at a staggering $77.4 billion, nearly double their worth in 2024. The journey started with just $0.25 billion in Bitcoin and an initial $0.04 billion unrealized loss, marking an extraordinary turnaround.
Strategy’s Bitcoin Holdings: A Massive Market Player
Currently, Strategy holds an impressive 640,031 BTC, representing 3.2% of the total circulating supply. Over the past seven weeks, the firm has accumulated 11,085 BTC, with its latest purchase of 196 BTC made this Monday.
To put this into perspective, Strategy’s Bitcoin stash now exceeds the market cap of major banks such as BNY Mellon, Sberbank, US Bancorp, CIBC, ING, Barclays, Deutsche Bank, ANZ Bank, and Lloyds.
Bitcoin Holdings Worth More Than Entire Nations
At a valuation of $77 billion, Strategy could theoretically buy over 2.5 million cars priced at $30,000 each or nearly 385,000 houses at $200,000 apiece. Its Bitcoin portfolio rivals the GDP of countries like Uruguay, Sri Lanka, and Slovenia, equating to the annual economic output of entire nations.
El Salvador’s Bitcoin Holdings Slightly Below All-Time High
El Salvador holds the largest nation-state Bitcoin treasury, with 6,338 BTC valued at approximately $762.5 million. This is slightly under its mid-August all-time high of nearly $770 million. The country reportedly accumulates Bitcoin at about one BTC per day, although its recent buying activity remains debated within crypto circles.
Strategy Controls Nearly Half of All Public and Private Bitcoin Holdings
The combined Bitcoin held by public and private companies totals about 1.32 million BTC (6.6% of total supply), worth roughly $159 billion. Strategy dominates this space, holding a massive 48% of these corporate Bitcoin holdings, making it the “800-pound gorilla” of Digital Asset Treasuries (DATs).
[…] Observador, a local news source, reported on Tuesday that Tether officially informed Uruguay‘s Ministry of Labor that its mining operations had been suspended. The company also declared […]