Michael Saylor Targets 1.5 Million BTC in Strategy’s Bold Vision
Strategy eyes 1.5M Bitcoin as $2.5B stock raise shows investor confidence and demand.
Crypto Laddin
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Michael Saylor is once again doubling down on Bitcoin. In a recent CNBC interview, the Executive Chairman of Strategy (formerly MicroStrategy) revealed the company could eventually hold up to 1.5 million BTC, equivalent to roughly 7% of all Bitcoin that will ever exist.
Currently, Strategy owns 628,791 BTC, which already makes it the largest corporate holder of Bitcoin (about 3% of the total supply). Saylor describes Bitcoin as “digital capital”, forming the backbone of Strategy’s unique business model. The company accumulates Bitcoin and issues preferred stock to reduce volatility and offer yield.
A planned $500M stock offering was oversubscribed and expanded to $2.5B, becoming the largest public raise of the year and signaling massive investor interest.
Saylor highlighted the global growth of Bitcoin treasuries, noting that the number of public companies holding BTC rose from 60 to 160 in a year. Companies from Japan, France, the UK, and the US – like MetaPlanet and Capital B – are now joining the wave.
Strategy also crushed Q2 earnings expectations, posting $32.52 per share (vs. a forecast of -$0.09). Coinbase added 2,509 BTC in Q2, jumping into the top 10 public BTC holders.
The corporate Bitcoin adoption wave is accelerating – and Strategy is clearly leading the charge.
