Publicly traded company MicroStrategy, led by Chairman Michael Saylor, continues its aggressive Bitcoin acquisition strategy, solidifying its position as the corporate world’s largest holder of the cryptocurrency. Recent purchases exceeding 20,000 BTC this summer have pushed the company’s total holdings above the 600,000 BTC milestone, now standing at 601,550 BTC.
With Bitcoin’s current market price, MicroStrategy’s vast BTC portfolio is valued at approximately $71.3 billion. The company’s reported average cost basis per Bitcoin stands at $71,269. This positions the firm with significant unrealized gains estimated at 66% on its holdings.
The scale of MicroStrategy’s Bitcoin investment underscores its strategic commitment. Bitcoin assets now constitute roughly 57% of the company’s entire market capitalization, showcasing its deliberate focus on BTC as a core asset.
Saylor frequently reiterates his long-term conviction in Bitcoin’s value proposition with the phrase ‘Bitcoin Abides’. This highlights his philosophy of viewing Bitcoin as a durable store of value resilient to market volatility. Notably, the company’s substantial accumulation near recent price levels suggests it may be establishing a strategic position, although inherent market volatility persists.