MicroStrategy CEO Michael Saylor has announced an ambitious strategy aiming to significantly expand the company’s Bitcoin holdings to 1.5 million BTC.
This target represents approximately 7% of Bitcoin’s capped total supply of 21 million coins, positioning the software company as a dominant institutional holder of the cryptocurrency.
The company currently holds roughly 629,000 BTC, accumulated primarily since August 2020 through methods including equity and convertible debt financing.
Executing the full acquisition plan could substantially reduce the available liquid Bitcoin supply and potentially exert significant influence over market dynamics.
Saylor reiterated MicroStrategy’s core belief that Bitcoin serves as a superior long-term store of value and treasury reserve asset compared to traditional cash holdings, particularly as a hedge against inflation.
However, achieving the 1.5 million BTC goal faces notable challenges, including potential liquidity constraints in the market, the risk of significant price impacts from large purchases, and ongoing regulatory scrutiny regarding digital assets.