Michael Saylor, the Executive Chairman of Strategy, continues to actively demonstrate confidence in Bitcoin as a vital asset. In a recent interview, he outlined the company's ambitious plans for increasing its Bitcoin holdings.
Strategy's Bitcoin Acquisition Plan
Strategy (formerly Microstrategy) is the largest corporate holder of Bitcoin, with 628,791 BTC, which represents about 3% of the total Bitcoin supply that will ever exist.
Executive Chairman Michael Saylor mentioned that Strategy may eventually acquire up to 1.5 million BTC, worth over $100 billion at current prices.
*CITE_W_A* "I don’t think we’ll get all of it. I don’t think that the range of 3 to 7% is too much," he said.
Global Bitcoin Treasury Movement
Saylor welcomes the growth of the Bitcoin treasury movement, stating that "There are now 160 public companies capitalizing on Bitcoin, up from just 60 last year."
Companies from Japan, France, the UK, and the US are joining this trend, with MetaPlanet and Capital B among them. Saylor noted that Bitcoin is gradually replacing traditional stores of value like foreign real estate and gold.
Earnings Surge and Institutional Interest
Strategy surpassed expectations this quarter, posting earnings of $32.52 per share, over 35,000% above the forecast of -$0.09. This indicates that Saylor's strategy is clearly paying off.
Other institutional investors are also continuing to stack up Bitcoin. Coinbase CEO Brian Armstrong confirmed that the company added 2,509 BTC in Q2 alone.
The landscape of corporate Bitcoin ownership continues to evolve, with Strategy leading the way and underscoring Bitcoin's importance as a financial asset.
