MicroStrategy, a business intelligence and software firm led by Executive Chairman, Michael Saylor, has surpassed all countries in the world in terms of Bitcoin holdings. The company now owns a staggering 214,400 Bitcoin, outstripping the United States, the largest country holder, with 207,189 BTC.Â
A Record-Breaking Accumulation
The ranking posted by Bitcoin Magazine buttresses MicroStrategy’s aggressive accumulation strategy over the years. The company accumulates Bitcoin whenever the digital asset or the broader market are experiencing a bearish downturn.
The company’s Bitcoin holdings have outstripped not only the USA but also other leading nations like China and the United Kingdom. Currently, MicroStrategy’s impressive Bitcoin bag puts it ahead of these countries by a significant margin. It is worth noting that most of these countries acquired their Bitcoin through criminal seizures.
MicroStrategy now owns more #Bitcoin than any country in the world 🤯 pic.twitter.com/ZWfx1XnCVH
— Bitcoin Magazine (@BitcoinMagazine) May 6, 2024
The combined total Bitcoin holdings of the United Kingdom (61,000), Germany (50,000), Ukraine (46,351), and El Salvador (5,690) amount to 163,041 BTC, which is still 51,359 BTC fewer than what MicroStrategy possesses. Yet, MicroStrategy acquired an additional 122 BTC at the end of April.
Is MicroStrategy on the Path to Quarter of a Million Bitcoin?
This aggressive acquisition strategy underscores Saylor’s strong belief in Bitcoin’s potential. He has been an outspoken advocate for the cryptocurrency, making headlines with his bullish stance on Bitcoin and his skepticism toward other Altcoins such as Ethereum and XRP.
At a recent Corporation event, Michael Saylor spoke enthusiastically about the prospects for a spot Bitcoin ETF, but his comments regarding other Altcoins drew criticism from industry leaders like Dan Gambardello, a prominent Cardano advocate and Charles Hoskinson, founder of Cardano.
Saylor suggested that Altcoins would not gain similar approval because they are “securities,” a stance the industry stakeholders described as self-serving and potentially detrimental to other digital assets. Given Saylor’s appetite for Bitcoin as a leading institutional player in crypto, analysts say it is only a matter of time before it reaches the quarter of a million mark in holdings.
