•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
MicroStrategy Inc. (MSTR) has become the largest single holder of Bitcoin (BTC), surpassing BlackRock’s iShares Bitcoin Trust (IBIT). The business intelligence firm now holds 815,061 BTC, exceeding IBIT’s estimated 806,178 BTC and reinforcing its position as a major institutional Bitcoin holder.
The milestone follows MicroStrategy’s recent purchase of 34,164 BTC, acquired for approximately $2.54 billion between April 14 and April 20. The company’s continued accumulation strategy underscores its view of Bitcoin as a long-term store of value and investment asset.
With these reserves, MicroStrategy is now approaching the estimated 1.096 million BTC attributed to Bitcoin’s anonymous creator, Satoshi Nakamoto.
Alex Thorn, Head of Firmwide Research at Galaxy Digital, said MicroStrategy’s Bitcoin holdings are on a path that could surpass Satoshi’s stash within the next two years. Galaxy Research suggests the milestone could be reached as early as November 2026, based on current buying patterns.
MicroStrategy funds these purchases primarily through at-the-market equity offerings, including its STRC preferred stock, which carries an annualized yield of 11.5%.
MicroStrategy Executive Chairman Michael Saylor added to market optimism by posting “Winter’s Over” on social media, signaling a potential recovery in the crypto market. His stance aligns with the company’s broader strategy of using Bitcoin as a core treasury asset.
However, the approach has drawn criticism. Gold advocate Peter Schiff argued that the STRC structure resembles a Ponzi scheme, saying dividend payments depend heavily on ongoing capital inflows rather than sustainable revenue. Schiff also pointed to the reliance on continued funding to meet obligations.
MicroStrategy has disclosed related risks in its SEC filings. Saylor has defended the strategy, stating that Bitcoin would need to appreciate by 2.05% annually to sustain dividend obligations.
As MicroStrategy continues to accumulate Bitcoin at scale, its strategy remains central to discussions on institutional crypto adoption, market stability, and long-term Bitcoin investment trends.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
