MicroStrategy CEO Saylor: Company Could Own Up to 7% of Bitcoin Supply

Founders Bitcoin Holdings, Strategy

MicroStrategy (MSTR) co-founder and CEO Michael Saylor suggested the company might increase its Bitcoin holdings to up to 7% of the coin’s total supply.

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MicroStrategy CEO Saylor: Company Could Own Up to 7% of Bitcoin Supply Founders Bitcoin Holdings, Strategy

The company currently holds over 3% of the approximately 19.9 million existing Bitcoin supply, equivalent to roughly 628,791 coins valued at approximately $72 billion based on Friday’s $114,692 price. It first began accumulating the cryptocurrency in August 2020.

In an interview with CNBC, Saylor stated the company isn’t aiming to corner the market. “I don’t think we’ll get all of [the Bitcoin],” he noted. “I don’t think in the range of 3-5% or 3-7% is too much. We wouldn’t want to own all of it—want everyone else to have their piece.”

The Nasdaq-listed company, which spun off operations related to its core software business into a separate entity named Strategy, is widely considered the largest institutional holder of Bitcoin. Acquiring a potential 7% stake, representing around 1.47 million BTC, could be worth roughly $169 billion at current pricing.

Saylor, who previously weathered financial headwinds prompting a pivot towards Bitcoin during the pandemic, champions the crypto treasury model. He believes Bitcoin’s scarcity makes it an exceptionally valuable asset for preserving capital and urging other corporations into the digital asset market.

($72 billion) Market Cap:

Current BTC Holdings (~3%): ~628,791 BTC
Potential Target (7%): 1.47 million BTC

MicroStrategy initially adopted the Bitcoin treasury strategy in August 2020 to replenish its cash reserves during inflationary pressures. The company finances its purchases by issuing debt.

Strategy’s stock price ended trading Friday below $380 for the first time since early July, falling more than 6%—though the stock has surged over 2,488% since its initial Bitcoin purchase nearly four years ago.

Many analysts believe the firm is unlikely to liquidate significant portions of its Bitcoin holdings in the short term. Concurrently, benchmark analysts have recently raised their price targets for MSTR stock.