Michael Saylor’s Strategy Adds 520 BTC, Now Holds Over 4% of Total Supply
What happened: Michael Saylor’s firm, Strategy, purchased an additional 520 BTC for $35 million, increasing its total holdings to over 4% of Bitcoin’s 21 million supply cap.
What happened: Michael Saylor’s firm, Strategy, purchased an additional 520 BTC for $35 million, increasing its total holdings to over 4% of Bitcoin’s 21 million supply cap. The company’s Bitcoin reserves are now valued at approximately $55 billion, even as its STRC token faces price pressure.
Why it matters: Strategy’s accumulation underscores the ongoing trend of corporate treasuries using Bitcoin as a reserve asset, despite volatility in related tokens. The firm’s outsized position may influence market liquidity and sentiment, especially if other corporates follow suit.
Source: The Block