Michael Saylor, billionaire founder of MicroStrategy, has turned the once-traditional software company into one of the largest public holders of Bitcoin. On Saturday, MicroStrategy purchased an additional 245 bitcoins for approximately $26 million at an average price of $105,856 per coin.
This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 592,345 BTC, acquired for a combined $41.87 billion at an average price of $70,681 per coin. Saylor shared the update on X, highlighting a projected 19.2% increase in Bitcoin value for 2025, referring to it as “BTC yield,” although this reflects price appreciation rather than traditional yield.
Founded in 1989, MicroStrategy originally specialized in enterprise analytics and business intelligence software. After going public in 1998, the company remained a steady player in software until 2020, when Saylor began using the firm’s treasury to invest heavily in Bitcoin amid rising inflation concerns and a cryptocurrency bull market.
MicroStrategy’s Bitcoin strategy expanded through borrowing, issuing convertible notes, and equity sales to fund additional purchases. The company’s earnings discussions have shifted focus from software to crypto assets, blurring its identity as a software provider and positioning it as a major Bitcoin holder. Its stock ticker, $MSTR, now behaves more like a Bitcoin-focused investment vehicle.
According to BitcoinTreasuries.net, MicroStrategy controls about 2.81% of the total 21 million bitcoins that will ever be mined. Beyond holding Bitcoin, Saylor hinted at plans to develop structured financial products backed by the company’s Bitcoin reserves, such as tokenized securities or bond-like derivatives.
Saylor describes Bitcoin as a “thermonuclear hedge against fiat collapse” and a superior store of value compared to the U.S. dollar. While this aggressive strategy positions MicroStrategy as a quasi-corporate Bitcoin central bank, it entails significant risk. A decline in Bitcoin’s price could severely impact the company’s stock, especially given its existing debt and current high interest rates.
Despite the risks, Saylor remains committed, portraying Bitcoin as an inevitable force. His investment approach continues to attract attention, framing MicroStrategy as a unique player in both the corporate and cryptocurrency landscapes.