Michael Saylor of MicroStrategy has once again increased his Bitcoin holdings, a hallmark of his investment strategy that persists even in challenging market conditions. Saylor’s continuous acquisitions during bearish phases have resulted in substantial financial gains for both himself and his company. Recently, he revealed details of his most recent purchase, which raises curiosity about the specifics of this acquisition.
How Has Saylor’s Latest Bitcoin Strategy Fared?
The latest acquisition saw MicroStrategy adding 850 BTC to its reserves, bringing their total holdings to a whopping 639,835 BTC as of September 21. The purchase cost approximately $99.7 million, translating to an average price of $117,344 per Bitcoin for this particular round. This aggressive accumulation strategy reflects Saylor’s confidence in Bitcoin as a long-term asset.
What Are Other Companies Doing in the Bitcoin Space?
In recent times, other major companies have also stepped up their Bitcoin purchases, albeit at varying rates. Throughout September, Bitcoin treasury companies acquired 1,428 BTC, marking a slowdown in accumulation speed since May. However, with the month not yet concluded, more acquisitions could occur. Over the last year, especially following political changes such as electoral victories, a record buying spree led to 4,930 BTC being added to treasury reserves.
MicroStrategy leads the way among Bitcoin reserve companies, but it is not alone in this practice. Elon Musk’s ventures, though less aggressive, remain noteworthy. Companies outside the United States like Metaplanet are also making significant strides in this domain, increasing their reserves substantially even if they started later.
“We continuously see Bitcoin as a key part of our investment strategy, securing future growth potential,” said Saylor.
Collectively, the holdings of the largest 100 Bitcoin reserve companies have exceeded a significant threshold, with their combined reserves surpassing 1,032,000 BTC. Exchange-Traded Fund (ETF) issuers are also mirroring this trend, managing a near-total of 1.5 million BTC on behalf of their clients.
• MicroStrategy’s total Bitcoin holdings: 639,835 BTC
• Recent acquisition: 850 BTC at $99.7 million
• Large Reserve Companies’ total: 1,032,000 BTC
• ETF-managed assets: 1.496 million BTC
• Combined BTC holdings across sectors: over 3.75 million
As Bitcoin continues to gain acceptance among corporate treasuries and investment vehicles like ETFs, the race to accumulate appears to be heating up. This growing interest underscores the increasing scarcity of Bitcoin compared to its fixed supply cap of 21 million. Saylor’s proactive strategy mirrors a broader trend, as the digital asset is anticipated to become even more precious over time.
