Michael Saylor’s digital asset treasury firm, Strategy Inc., has achieved an extraordinary new all-time high in cryptocurrency valuation, surpassing several prominent banks and rivaling the gross domestic product of certain countries.
“We started our journey with $0.25 billion in Bitcoin — facing an immediate $0.04 billion unrealized loss,” remarked Saylor on Thursday, highlighting that Strategy’s Bitcoin assets are now valued at $77.4 billion, nearly double their value in 2024.
This valuation coincides with Bitcoin rising back to the $120,000 mark. Though Bitcoin remains 3% below its mid-August peak, Strategy’s latest Bitcoin value record is attributed to their acquisition of 11,085 BTC in the past seven weeks.
The latest acquisition was relatively modest, totaling 196 BTC on Monday.
Strategy’s Bitcoin holdings now exceed the market capitalization of several key banks, including BNY Mellon, Sberbank, US Bancorp, CIBC, ING, Barclays, Deutsche Bank, ANZ Bank, and Lloyds.
A stash bigger than an entire nation’s GDP
Strategy currently holds 640,031 BTC, equivalent to 3.2% of the total circulating supply. The next largest Bitcoin DAT is MARA Holdings, which possesses 52,477 BTC, valued at approximately $6.3 billion.
With $77 billion in Bitcoin, one could purchase 2,566,667 vehicles at $30,000 each or 385,000 homes at $200,000 each.
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This amount is also on par with the entire GDP of nations like Uruguay, Sri Lanka, and Slovenia, indicating that Strategy’s Bitcoin assets match the annual economic output of entire countries.
El Salvador’s Bitcoin holdings near ATH
The largest Bitcoin treasury among nation-states belongs to El Salvador, which reportedly holds 6,338 BTC, valued at approximately $762.5 million, according to the El Salvador Bitcoin Office.
This figure is slightly below its all-time high valuation of nearly $770 million in mid-August, as the country has been accumulating at a much slower rate of one BTC per day, with ongoing debates in crypto circles regarding whether it has been actively purchasing Bitcoin.
Strategy holds nearly half of total BTC treasury assets
The aggregate amount of BTC held by public and private companies is 1.32 million BTC, or 6.6% of the total supply, valued at approximately $159 billion at current market prices, according to BitcoinTreasuries.NET.
Strategy stands as the dominant entity in the DAT space, controlling an impressive 48% of the total BTC held by around 266 public and private firms.
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