MicroStrategy has soared past all competitors in the corporate Bitcoin arena, boasting a staggering 205,000 BTC treasury, surpassing the combined holdings of every other tracked company.
MicroStrategy’s founder and chairman, Michael Saylor, emphasized the company’s long-term strategy, stating, “We’re buying it to hold it 100 years. That $66K to $16K crash—that shook out the tourists.”
With its recent acquisition of 12,000 Bitcoin, MicroStrategy’s treasury now stands at a whopping $14.7 billion, based on current Bitcoin prices. This milestone solidifies MicroStrategy’s dominance in the realm of corporate Bitcoin reserves.
The list of companies with disclosed Bitcoin treasuries has been expanding rapidly. Yet, MicroStrategy’s stockpile alone surpasses the combined holdings of all 44 tracked companies, including prominent names like Tesla, Coinbase, and Block, Inc.
Saylor further highlighted the company’s resilience during Bitcoin’s volatile phases, noting, “When it was 16K, we were all ready to ride it to zero.”
Despite already leading the pack, MicroStrategy continues its aggressive Bitcoin purchasing spree. The company recently announced plans to raise $600 million, but due to overwhelming demand, the offering was upsized to a staggering $800 million.
This bullish approach has been well received by MicroStrategy shareholders, with the company’s stock trading at $1,504.42—a 6% increase from the previous close and a remarkable 110% surge compared to the previous month.
MicroStrategy’s meteoric rise is closely tied to Bitcoin’s recent price rallies, with the cryptocurrency surpassing $72,000, further solidifying MicroStrategy’s position as the frontrunner in corporate Bitcoin holdings.
