TLDR
- Strategy owns 640,250 BTC worth $69B, nearly 2.5% of total Bitcoin supply.
- Michael Saylor’s new post hints at another Bitcoin purchase soon.
- Bitcoin treasury NAVs collapse as corporate valuations fall below reserves.
- Marathon, XXI, and Metaplanet trail far behind Strategy’s Bitcoin holdings.
Michael Saylor, founder of Strategy (formerly MicroStrategy), has once again sparked speculation about another Bitcoin purchase. His recent post on X included a chart showing the company’s Bitcoin accumulation and the caption, “The most important orange dot is always the next,” hinting that another acquisition could be imminent.
Michael Saylor Sparks Talk of Another Bitcoin Purchase
Michael Saylor’s latest post on X has fueled speculation that Strategy may be preparing another Bitcoin acquisition. The post featured the company’s updated Bitcoin holdings chart, along with his statement, “The most important orange dot is always the next.” The chart, known as the Saylor Bitcoin Tracker, recorded 82 separate Bitcoin purchase events to date.
At current prices, Strategy holds approximately 640,250 BTC, valued at around $69 billion. This represents a 45.6% gain compared with the company’s average cost basis of $74,000 per Bitcoin. Strategy remains the leading corporate Bitcoin holder globally, holding roughly 2.5% of the total circulating Bitcoin supply.
Strategy Leads Global Corporate Bitcoin Treasuries
According to data from BitcoinTreasuries.net, Strategy maintains its position as the largest Bitcoin-holding company in the world. Marathon Digital Holdings follows with 53,250 BTC worth about $5.7 billion, while XXI (CEP) ranks third with 43,514 BTC. Japan’s Metaplanet and the Bitcoin Standard Treasury Company hold 30,823 BTC and 30,021 BTC respectively.
The top 15 public companies combined own over 900,000 BTC, underscoring the growing institutional footprint in the crypto sector. Among other major corporate holders are Riot Platforms, CleanSpark, Coinbase, and Tesla, each maintaining substantial Bitcoin reserves as part of their balance sheets.
Bitcoin Treasury Valuations Under Pressure
Despite the growing interest, Bitcoin treasury firms have faced valuation declines this year. A report by 10x Research found that many publicly traded Bitcoin treasury companies have seen their net asset values (NAVs) collapse. The analysis noted that firms once trading at large premiums to their Bitcoin holdings now trade below their actual BTC value.
Metaplanet recently became one of the first firms to fall below a 1.0 market-to-NAV ratio, meaning its market valuation dipped under the worth of its Bitcoin reserves. Analysts attribute this trend to shifting investor sentiment as companies accumulate Bitcoin but face stock price corrections in parallel.
Saylor Remains Undeterred Amid Market Volatility
Saylor’s post comes as Bitcoin trades around $109,152, and corporate treasury portfolios experience fluctuating valuations. His message echoed previous moments when Strategy announced major Bitcoin purchases soon after similar posts.
Analysts on social media now anticipate another addition to the company’s growing Bitcoin portfolio. Strategy recently added 220 BTC worth $27.2 million, according to a prior disclosure, signaling continued conviction in long-term accumulation.
Saylor’s latest message reinforces his long-standing stance on Bitcoin as a core treasury reserve asset. As corporate valuations fluctuate and digital asset markets evolve, Strategy’s consistent Bitcoin strategy continues to draw attention from both institutional investors and market analysts.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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