Michael Saylor’s Strategy Buys 520 More BTC, Now Holds Over 4% of All Bitcoin
What happened: Strategy, led by Michael Saylor, purchased an additional 520 BTC for $35 million, increasing its total bitcoin holdings to over 4% of the 21 million BTC supply cap.
What happened: Strategy, led by Michael Saylor, purchased an additional 520 BTC for $35 million, increasing its total bitcoin holdings to over 4% of the 21 million BTC supply cap. The firm’s bitcoin stash is now valued at around $55 billion, even as the market saw a slide in STRC.
Why it matters: This aggressive accumulation underscores institutional conviction in bitcoin as a reserve asset, especially amid volatility in adjacent tokens. Owning over 4% of all bitcoin highlights the growing concentration of supply among large entities, which could have implications for liquidity and price dynamics.
Source: The Block