Michael Saylor's Strategy Surges with $53B Bitcoin Holdings, Aims to Raise $84B More
Michael Saylor's Strategy has emerged as a significant player in the cryptocurrency market, with its Bitcoin holdings now valued at over $53 billion. The company's stock has surged nearly 3,000% since Saylor began purchasing Bitcoin in 2020, and it aims to raise an additional $84 billion for further investments.
Strategy's Bitcoin portfolio has grown significantly in the last six months, with weekly investments totaling billions of dollars since late October. The company now holds 555,450 BTC, making it the largest leveraged Bitcoin proxy globally. Saylor's lobbying efforts have also played a crucial role in Bitcoin's mainstream market acceptability, with over ten Bitcoin ETFs now available in the US.
Strategy's aggressive expansion has been funded through various means. It plans to sell an additional $21 billion in common shares and has expanded its debt purchase program to $42 billion. Despite these efforts, the company's first quarter loss of 2025 amounted to around $1 billion in paper losses from Bitcoin investments. This loss was partly due to a new accounting regulation for Bitcoin valuation, which resulted in a record loss in the March quarter. Previously, Strategy classified its Bitcoin assets as intangible assets, similar to patents and trademarks.
Strategy's ambitious plans for Bitcoin continue, with Michael Saylor aiming to double the company's capital-raising goal to $84 billion. While the company has faced setbacks, such as the recent paper losses, its long-term strategy and Saylor's influence have driven significant growth in the cryptocurrency market. The establishment of a new entity, Twenty One Capital, for joint Bitcoin acquisitions further underscores Strategy's commitment to the cryptocurrency space.
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