Michael Saylor: Strategy’s Commitment to Buying ‘Real Bitcoin’ Explained

TLDR

• Michael Saylor emphasized Strategy’s commitment to purchasing real Bitcoin with a focus on direct ownership and custodial oversight.
• Strategy’s latest purchase of 2,932 Bitcoin increased its holdings to 712,647 coins, valued at approximately $62.5 billion.
• The company’s average cost per Bitcoin stands at $76,037, reflecting a long-term strategy and no reliance on leverage.
• Saylor stressed that Strategy avoids rehypothecation, ensuring that Bitcoin is not reused or pledged by intermediaries.
• Strategy’s Bitcoin holdings represent about 3.4% of the total supply, making it the largest corporate holder of Bitcoin.

Michael Saylor recently reaffirmed Strategy’s commitment to acquiring and holding Bitcoin in its most genuine form. The company’s co-founder and executive chairman took to X to highlight its focus on direct ownership, custodial oversight, and transparent treasury practices. The remarks came after Strategy disclosed its latest Bitcoin purchase, further emphasizing its long-term strategy of unleveraged holdings.

Strategy’s Approach to Bitcoin Ownership

Saylor stressed that Strategy only acquires “real Bitcoin” and maintains rigorous audits of its custodians. The company avoids rehypothecation, ensuring that its Bitcoin is not reused or pledged by intermediaries. This approach differentiates Strategy from other firms that may use leverage or rely on third parties to manage their Bitcoin holdings.

Strategy’s latest Bitcoin purchase, spanning from January 20 to 25, involved 2,932 Bitcoin at an approximate cost of $264.1 million. With this acquisition, the firm increased its total Bitcoin holdings to 712,647 coins. The average cost per Bitcoin for the company stands at $76,037, reflecting a strategy focused on long-term growth rather than short-term market speculation.

Bitcoin Holdings and Financial Impact

As of now, Strategy‘s Bitcoin holdings are valued at around $62.5 billion based on current market prices. The company’s total Bitcoin represents approximately 3.4% of the total supply of 21 million coins. This scale makes Strategy the largest corporate holder of Bitcoin, surpassing other publicly traded companies by a wide margin.

Strategy’s holdings have also generated substantial unrealized gains, estimated at $8.3 billion. Despite recent market volatility, the company continues to expand its position, emphasizing that its treasury strategy is designed for long-term stability. This approach positions Strategy as a key player in the Bitcoin market, with a clear commitment to maintaining full control over its digital assets.

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