Michael Saylor Signals Strategy Bitcoin purchase
Michael Saylor indicated a potential Bitcoin purchase by Strategy, which now holds over $71 billion in Bitcoin. The latest acquisition was on July 14, totaling 4,225 BTC for $472.5 million, bringing total holdings to 601,550 BTC. The investment has yielded approximately 66.5% returns, equating to over $28.5 billion in unrealized gains. Bitcoin treasury companies, particularly Strategy, are significant drivers of Bitcoin demand, alongside ETFs and institutional investors. Strategy's stock rose by about 21.52% recently, increasing its valuation to over $118 billion amid a $4 trillion crypto market cap. Institutional investors seeking Bitcoin exposure often invest in Bitcoin treasury companies due to restrictions on direct Bitcoin holdings. Vanguard now owns 20 million shares of Strategy, representing about 8% of its stock, reflecting Bitcoin's growing integration into traditional finance.
