Strategy, the corporate previously referred to as MicroStrategy, is doubling down on Bitcoin. Executive chairman Michael Saylor went on CNBC’s “Squawk Box” Friday to elucidate why the corporate isn’t simply holding the cryptocurrency—it’s constructing its enterprise round it.
Saylor referred to as Bitcoin “digital capital” and revealed that Strategy has now purchased over 628,000 BTC, which is value round $72 billion. That makes up almost 3% of all of the Bitcoin that can ever exist. The firm not too long ago raised $2.5 billion by an IPO of Series A Perpetual Preferred Stock, promoting 28 million shares at $90 every. Those funds had been used to purchase 21,021 BTC on July 29.
Bitcoin-Funded IPOs Now A Key Strategy
According to Saylor, Strategy has executed 4 fundraising rounds this 12 months. Two of them pulled in $500 million every, and one other introduced in $1 billion. The fourth and newest providing, which raised $2.5 billion, was reportedly the most important IPO of 2025 thus far based mostly on gross proceeds.
This enterprise mannequin—elevating capital and utilizing it to purchase Bitcoin—isn’t nearly holding crypto. Saylor believes it turns unstable digital belongings into refined securities that may enchantment to skilled buyers. He referred to as the brand new providing, branded as “Stretch” (STRC), the corporate’s most enjoyable product but.
Public Firms Holding Bitcoin Are Increasing Fast
Saylor additionally spoke about how different corporations are becoming a member of the Bitcoin motion. He mentioned that greater than 160 public corporations now maintain Bitcoin of their reserves, in comparison with round 60 a 12 months in the past. Public corporations in complete personal about 955,048 BTC, which is 4.55% of the full provide.
He added that Bitcoin is beginning to change conventional belongings like gold, actual property, and even fairness as a retailer of worth. Saylor argued that Bitcoin is “demonetizing” these older asset courses. For corporations seeking to improve worth for shareholders, he prompt that placing cash into Bitcoin makes extra sense than holding onto money or shopping for issues like non-public fairness.
Strategy Says It Doesn’t Want To Own All Bitcoin
Saylor made it clear that his firm isn’t attempting to hoard the entire provide of Bitcoin. While he thinks proudly owning 3% to 7% of it isn’t “an excessive amount of,” he pressured that Strategy desires others to have a share too. He identified that BlackRock, by its iShares Bitcoin Trust (IBIT), really holds extra BTC—round 740,896 for the time being.
He additionally talked about why massive tech corporations like Apple and Microsoft don’t purchase one another’s shares or S&P 500 corporations. According to him, SEC guidelines cease them from doing that, in order that they’re restricted to purchasing again their very own shares. Saylor believes that if these guidelines didn’t exist, lots of the giant tech corporations would probably put money into one another—and perhaps even Bitcoin.
Featured picture from Joe Raedle/Getty Images; Skye Gould/Insider, chart from TradingView
