Strategy co-founder Michael Saylor hints at more Bitcoin purchases as holdings surpass $71 billion. Recent buy of 4,225 BTC for $472.5 million puts total BTC holdings at 601,550, valued at over $71.4 billion. Unrealized gains are over $28.5 billion, up 66.5% on the investment according to SaylorTracker.
Strategy’s stock jumps 21.52% in a month, hitting a valuation of over $118 billion. The surge coincided with the total crypto market cap crossing $4 trillion and Bitcoin reaching a new all-time high. Strategy entered the Nasdaq 100 stock index in December 2024, attracting institutional investors seeking BTC exposure.
Institutional investors unable to directly hold Bitcoin turn to Bitcoin treasury companies. Vanguard, a major investment firm, now owns 20 million shares of Strategy, about 8% of the company. This indirect exposure to Bitcoin through a publicly traded company showcases the integration of Bitcoin into traditional finance.
Read more at Cointelegraph: Michael Saylor Signals Strategy Bitcoin purchase