Michael Saylor's digital asset reserve company, Strategy Inc., recently set a new high for the value of its crypto assets; its value has surpassed several leading banks and is on par with the GDP of some countries.
Saylor stated on Thursday, "Our journey began with $250 million in Bitcoin (BTC) — and immediately faced an unrealized loss of $40 million." Saylor pointed out that the value of Bitcoin (BTC) currently held by Strategy has reached $77.4 billion, nearly doubling since the beginning of 2024.
This valuation increase comes as Bitcoin (BTC) returns to the $120,000 mark. Although Bitcoin (BTC) is down 3% from its historical high in mid-August, the value of Strategy's Bitcoin (BTC) has set a record, primarily due to the acquisition of 11,085 Bitcoin (BTC) over the past seven weeks.
The most recent purchase occurred on Monday, when Strategy acquired 196 Bitcoin (BTC), a relatively small amount.
The value of Strategy's Bitcoin (BTC) reserves now exceeds that of major banks such as BNY Mellon, Sberbank, US Bancorp, CIBC, ING, Barclays, Deutsche Bank, ANZ Bank, and Lloyds.
Strategy currently holds 640,031 Bitcoin (BTC), accounting for 3.2% of the total circulating supply. The second-largest Bitcoin (BTC) reserve company is MARA Holdings, which holds 52,477 Bitcoin (BTC), valued at approximately $6.3 billion.
With a Bitcoin (BTC) value of $77 billion, it could theoretically purchase about 256,700 cars priced at $30,000 each, or about 385,000 homes priced at $200,000 each.
Its value is close to the annual GDP of countries like Uruguay, Sri Lanka, and Slovenia, indicating that the scale of Strategy's Bitcoin (BTC) reserves is comparable to the total economic output of these nations.
According to a report from the El Salvador Bitcoin Office, El Salvador currently holds 6,338 Bitcoin (BTC), valued at approximately $762.5 million, making it the largest national Bitcoin reserve in the world.
This figure is slightly below the historical high of nearly $770 million in mid-August, as the country has been slowly accumulating Bitcoin (BTC) at a rate of one Bitcoin (BTC) per day, but there is still widespread discussion in the crypto industry about whether the country continues to purchase Bitcoin (BTC).
BitcoinTreasuries.NET data shows that global public and private enterprises hold approximately 1.32 million Bitcoin (BTC), accounting for 6.6% of the total supply, with a total value of about $159 billion at current prices.
Strategy dominates among all enterprises, holding about 48% of the total Bitcoin (BTC) held by approximately 266 public and private companies.
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Original article: “Bitcoin Returns to $120,000, Strategy's BTC Holdings Hit New All-Time High Value of $77.4 Billion”
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