Michael Saylor’s digital asset treasury firm, Strategy, has achieved a significant milestone, announcing that its crypto holdings have climbed to an unprecedented value. The firm’s Bitcoin assets are now estimated at $77.4 billion, positioning Strategy ahead of several prominent banks and equating its worth to the gross domestic product of numerous small nations.
Saylor articulated his firm’s journey, which commenced with a modest investment of $0.25 billion in Bitcoin, alongside an immediate unrealized loss of $0.04 billion. Despite this initial setback, the recent valuation emerges as Bitcoin has made a remarkable return to the $120,000 threshold. Although Bitcoin remains 3% below its record high reached in mid-August, the overall increase in Strategy’s Bitcoin assets can be attributed to aggressive acquisition, with the firm adding 11,085 BTC over the last seven weeks. The most recent transaction registered was a modest buy of 196 BTC just this past Monday.
This enormous Bitcoin reserve now surpasses the market capitalization of several major banking institutions, including BNY Mellon, Sberbank, US Bancorp, CIBC, ING, Barclays, Deutsche Bank, ANZ Bank, and Lloyds. Notably, Strategy’s Bitcoin holdings are not only vast but also comparable in size to the entire GDP of countries such as Uruguay, Sri Lanka, and Slovenia. The size of these assets indicates that with $77 billion, one could purchase approximately 2.5 million cars priced at $30,000 each or 385,000 houses valued at $200,000 each.
In comparison, MARA Holdings, the second largest digital asset treasury, holds significantly less at 52,477 BTC, valued near $6.3 billion. Strategy’s 640,031 BTC constitutes 3.2% of the total circulating supply, emphasizing its dominance in the digital asset treasury space.
El Salvador, notable for its status as a nation-state investor in Bitcoin, holds 6,338 BTC, which translates to around $762.5 million. This figure is slightly shy of its all-time high of nearly $770 million from mid-August. The country has been increasing its holdings at a slower pace, reportedly acquiring one BTC per day, although speculation remains regarding any recent purchases.
According to current market analyses, the total Bitcoin held by both public and private entities amounts to 1.32 million BTC, making up 6.6% of the total supply and valued at about $159 billion. Strategy alone accounts for nearly half of all Bitcoin treasury holdings, asserting its status as the largest digital asset treasury, controlling around 48% of the total BTC held by approximately 266 companies, both public and private. This sustained growth in holdings solidifies Strategy’s position as a formidable player in the cryptocurrency landscape.
