Latest news with #Saylor
Business Times
18 hours ago
- Business
- Business Times
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
[NEW YORK] Michael Saylor's Strategy now owns more than 3 per cent of all the Bitcoin ever minted following the crypto treasury company's latest purchase of the original cryptocurrency. The former MicroStrategy acquired 6,220 Bitcoin for US$739.8 million during the seven days ended Jul 20, according to a filing on Monday (Jul 21) with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin, which is about 3.05 per cent of the roughly 19.9 million token issued. The stack is worth about US$72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about US$86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token, such as quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Strategy said separately on Monday that it planned to offer five million of variable rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. The common shares of Strategy has surged more than 3,500 per cent since Saylor, a founder and executive chairman of the company, began buying Bitcoin. The cryptocurrency has risen about 1,100 per cent during the same period, while S&P 500 has increased around 120 per cent. BLOOMBERG
Yahoo
a day ago
- Business
- Yahoo
Trump Media buys $2 billion in bitcoin as it embraces crypto
Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm. Trump Media, which owns the Truth Social app, announced in May that it planned to raise $2.5 billion to buy bitcoin, with the goal of creating a reserve of the cryptocurrency. The $2 billion bitcoin purchase is part of the company's "bitcoin treasury plan," Trump Media CEO Devin Nunes said in a news release on Monday. Mr. Trump, the largest investor in Trump Media, has increasingly focused on cryptocurrencies both through his private businesses and his administration. The company's $2 billion bitcoin purchase comes as Trump Media looks to roll out a range investment products, including a plan to sell exchange-traded funds, or ETFs. The bitcoin purchase will "help ensure our Company's financial freedom, help protect us against discrimination by financial institutions and will create synergies with the utility token we're planning to introduce across the Truth Social ecosphere," Nunes said in a statement. The company also said it has set aside $300 million for an "options acquisition strategy for bitcoin-related securities." Trump Media said it plans to continue acquiring bitcoin. Shares of Trump Media rose $1.04, or 5.6%, to $19.71 in Monday morning trading. The stock has declined 42% ths year. For the first quarter, Trump Media reported revenue of roughly $821,000, up from $770,000 in the year-ago period, a regulatory filing shows. The company reported an operating loss for the quarter of $39.5 million, down from $98.3 million from a year ago. What is a crypto treasury strategy? A crypto treasury strategy involves buying and holding cryptocurrencies, similar to how companies may invest in more traditional assets like bonds to provide them with financial flexibility. The best-known advocate of this approach is billionaire Michael Saylor, who runs a software company called Strategy (formerly known as MicroStrategy). It owns 607,000 bitcoins – worth more than $72 billion at today's bitcoin price — making it the largest public bitcoin treasury company, according to Saylor's company uses a variety of strategies, such as selling shares or issuing debt, to keep expanding its bitcoin holdings. As the digital currency's price has soared to more than $118,000, shooting up 74% over the last year alone, Strategy's stock price has followed, surging more than 3,500% since 2020. That success has also spawned many imitators, while the White House invited him to its Digital Assets Summit earlier this year. The Trump administration is planning a new U.S. "strategic reserve" of crypto assets. Last week, Mr. Trump signed the GENIUS Act, the first major law governing digital currency. "For the past five years, the only thing better than Bitcoin is More Bitcoin," Saylor wrote in a July 17 social media post. What shocked "Matlock" star Kathy Bates? A new you: The science of redesigning your personality "Somebody Somewhere" star Bridget Everett
Time of India
4 days ago
- Business
- Time of India
Michael Saylor says this crypto could explode 10,500% — now worth as much as Amazon
Michael Saylor's bold Bitcoin prediction is turning heads again — this time claiming the world's top cryptocurrency could not only explode by 10,500% but also surpass tech giants like Amazon in market value. As Bitcoin's market cap surges past $2.3 trillion, the MicroStrategy chairman believes this digital asset is just getting started. Could BTC really dominate global finance and become more valuable than Amazon? Here's what Saylor says — and why investors are paying close attention in 2025. Michael Saylor Bitcoin Prediction Crosses Amazon: BTC Market Cap Hits $2.3 Trillion: Bitcoin just reached another historic milestone — its market capitalization has officially crossed $2.3 trillion, briefly surpassing Amazon's $2.1 trillion market cap. This shift places Bitcoin among the world's most valuable assets, second only to giants like Apple and gold. According to Michael Saylor, executive chairman of MicroStrategy, this is just the beginning. He predicts Bitcoin could surge another 10,500%, eventually reaching a total valuation of $300 trillion, with each coin potentially worth over $12 million. Tired of too many ads? Remove Ads How is Bitcoin now worth? Bitcoin's market cap : ~$2.3 trillion : ~$2.3 trillion Amazon's market cap : ~$2.1 trillion : ~$2.1 trillion Apple's market cap : ~$3.4 trillion : ~$3.4 trillion Gold's market cap: ~$14 trillion Is Bitcoin really as big as Amazon now? Tired of too many ads? Remove Ads Why is Michael Saylor predicting Bitcoin will hit $13 million? Global institutional adoption of Bitcoin as a store of value and inflation hedge of Bitcoin as a store of value and inflation hedge Sovereign wealth funds and central banks accumulating BTC as a reserve asset accumulating BTC as a reserve asset Hyperbitcoinization — a scenario where Bitcoin becomes a default global currency — a scenario where Bitcoin becomes a default global currency Increasing scarcity due to halving cycles and limited supply (only 21 million BTC) What is the logic behind Saylor's tokenization vision? Tired of too many ads? Remove Ads Is a 10,500% Bitcoin rally realistic? Current BTC price : ~$118,000 : ~$118,000 Projected price (per Saylor's theory) : ~$12,390,000 : ~$12,390,000 Required market cap : ~$300 trillion : ~$300 trillion Bitcoin supply: 21 million (max) Can the global economy really support a $273 trillion Bitcoin market cap? Could Bitcoin still outperform traditional assets? Is Satoshi Nakamoto really about to surpass Warren Buffett in wealth? Can Bitcoin really become the next Amazon? Is Bitcoin still a smart buy right now? Is the $13 million prediction just hype? FAQs: Michael Saylor, the executive chairman of MicroStrategy and one of Bitcoin's most vocal advocates, has once again made headlines — this time with an eye-popping prediction. According to Saylor and his firm, Bitcoin (BTC) could still surge as much as 10,500%, pushing its valuation to levels comparable to tech giants like would mean Bitcoin's price could jump from its current level near $118,000 to over $12 million per coin — a forecast that's turning heads across Wall Street and the crypto claim points to the market capitalization of Bitcoin, which recently crossed $2.3 trillion, putting it in the same league as major tech giants. For comparison:Bitcoin briefly surpassed Amazon's valuation in mid-July 2025 as it hit an all-time high nearbefore retreating slightly. This historic milestone has fueled bullish sentiment among long-term holders and institutions least briefly. On Monday, July 14, Bitcoin's price surged past $123,000, lifting its market value to $2.4 trillion, placing it alongside companies like Amazon, which took 30 years to reach the same valuation since its founding in 1994. Even more astonishing, Bitcoin has now outpaced major firms like Alphabet, Meta Platforms, and Tesla in market context, Amazon has over 600 million products, massive cloud infrastructure through AWS, and streams to millions via Prime Video. Meanwhile, Bitcoin has no revenue, no employees, and no CEO—yet here it is, standing shoulder-to-shoulder with the world's biggest Saylor, now Chairman of MicroStrategy (NASDAQ: MSTR), is one of Bitcoin's most vocal supporters. Under his leadership, MicroStrategy transformed into the largest Bitcoin-holding public company with 601,550 BTC worth roughly $71 envisions a future where Bitcoin becomes the global reserve asset powering a blockchain-based financial system. He estimates that $500 trillion worth of global assets—real estate, bonds, stocks—could be tokenized on the blockchain. If Bitcoin becomes the standard currency for that ecosystem, Saylor argues that demand could push its price to $13 million per coin, resulting in a $273 trillion market these factors align, MicroStrategy believes Bitcoin's total market value could skyrocket to— up from $2.3 trillion today — driving the projected 10,500% price nine times the current size of the entire U.S. to Saylor, the traditional financial system is full of friction. Real estate transactions, for example, require lawyers, paperwork, and months of due diligence. If every asset was tokenized on the blockchain, every ownership record would be public, secure, and immutable. That would drastically cut costs and increase believes Bitcoin's decentralized nature, limited supply of 21 million coins, and secure blockchain make it the ideal base currency for this digital system. If the world buys into this model, then Bitcoin could become the settlement layer for global break it down:This kind of growth would make Bitcoinand nearlycombined — an extremely optimistic view that assumes total transformation of the global financial where it gets tricky. A $273 trillion valuation means Bitcoin would be more valuable than the economies of the U.S., China, and the EU—combined. It's also 66 times more than Nvidia's current $4.2 trillion market cap, which is the highest among public companies right if all global assets are tokenized, it's unlikely that every asset sale will result in Bitcoin being hoarded. Most people will still need to convert Bitcoin to fiat currency for daily spending. With only 6,600 merchants worldwide accepting Bitcoin (as per Cryptwerk), the use case as a currency remains limits long-term demand and could prevent prices from skyrocketing to Saylor's Many investors now view Bitcoin as digital gold . Gold's total above-ground value stands at around $22.4 trillion, and if Bitcoin were to match that, its price per coin would be around $1.06 million. That represents a 770% upside from its current high of $123, Saylor's $13 million forecast, this target feels more attainable, especially as institutional investors and sovereign funds slowly warm up to Bitcoin. Firms like BlackRock and Fidelity have already launched Bitcoin ETFs, signaling growing mainstream Bitcoin's recent rally, the anonymous Bitcoin creator Satoshi Nakamoto now holds an estimated $134 billion worth of BTC—just shy of Warren Buffett's $142 billion net worth, according to Forbes. If Bitcoin hits $130,000, Nakamoto could surpass would be a profound moment, showing the power of a buy-and-hold strategy. Nakamoto mined 1.1 million BTC in Bitcoin's early days and has never touched them since 2010. Whether he's alive or not remains a mystery, but his wallet stands as a monument to long-term conviction in the journey from a fringe digital asset to a trillion-dollar powerhouse is undeniable. Surpassing Amazon in market cap is a major psychological milestone — and could bring more mainstream a 10,500% rally? That's aMichael Saylor may believe in Bitcoin's destiny to replace fiat money and reshape finance, but for most investors, it's important to weigh both thebefore jumping advisors are starting to recommend allocating 1% to 2% of a portfolio to Bitcoin, and some suggest going up to 10% for higher-risk tolerance. While The Motley Fool's Stock Advisor team didn't include Bitcoin in their current top 10 stock picks, that doesn't mean it's not a good long-term hedge or store of like Warren Buffett may continue to argue that Bitcoin has no 'intrinsic value,' but Wall Street, retail investors, and now even governments are beginning to treat it as a strategic asset. That's a shift that could support long-term Saylor's $13 million Bitcoin price target might sound exaggerated, and it very well could be. It assumes global cooperation, a full transition to tokenized finance, and near-universal adoption of Bitcoin—all within 20 even without reaching that number, Bitcoin has shown time and again that it's a force to be reckoned with. Whether it becomes the next global currency or simply the new gold standard for wealth preservation, it still holds massive upside potential in a world searching for financial the very least, Bitcoin is no longer a fringe asset. It's a $2.4 trillion juggernaut now standing toe-to-toe with the giants of tech—and that alone is a headline worth paying attention possible, but highly unlikely due to economic and adoption it briefly surpassed Amazon's market cap by hitting $2.4 trillion.
Yahoo
14-07-2025
- Business
- Yahoo
Vanguard Goes Big on Crypto, Thanks to the Index-Fund Boom It Unleashed
(Bloomberg) — Bitcoin (BTC-USD) is not 'appropriate' for long-term investors. Also, digital assets are more a speculation and less an investment. And they're an 'immature asset class' with little history and 'no inherent economic value' that can wreak 'havoc' on portfolios. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests Vanguard Group Inc. executives, channeling the logic of the venerable Jack Bogle, have made their opinions on crypto clear. Yet thanks to the cold logic of index investing, the $10 trillion money-management giant is now the biggest backer of Strategy, the software firm that famously reinvented itself as a proxy for Bitcoin and became a poster child for the industry's ambitions. Vanguard owns more than 20 million shares, nearly 8%, of all of Strategy's (MSTR) outstanding Class A common stock, and likely surpassed Capital Group Cos. for the no. 1 spot sometime in the fourth quarter, according to data compiled by Bloomberg based on regulatory filings. The dozens of Vanguard mutual funds and ETFs that hold the stakes track everything from small- and mid-cap benchmarks to momentum, value and growth gauges, among others. It's an ironic twist for an asset manager that's held an unbending stance on cryptocurrencies. The firm spoke out last year when Bitcoin exchange-traded funds launched in the US, saying it wouldn't allow their trading on its brokerage platform, and announced at the time that it had no plans to start its own crypto-centered products given their 'speculative' nature. 'We don't believe it belongs,' said Tim Buckley, Vanguard's chief executive at the time. It's 'really tough to think about how it belongs in a long-term portfolio.' 'God has a sense of humor,' said Eric Balchunas, senior ETF analyst at Bloomberg Intelligence and author of The Bogle Effect. 'Vanguard chose this life. When you have an index fund, you have to own all the stocks, for better or worse, and that includes stocks that you may not like or approve of personally.' The company formerly known as MicroStrategy Inc. has built a name for itself making large-scale bets on Bitcoin. Run by crypto evangelist Michael Saylor, it issues debt and equity in order to fund those purchases, a blueprint that's now being emulated by dozens of other firms looking to replicate Strategy's roughly 3,400% surge since it began the initiative in 2020. With a cache of more than $70 billion, it's currently the largest corporate holder of the token, and Saylor has become one of the industry's most prominent backers. He owns just under 20 million Strategy shares himself, according to the company's most recent proxy statement. 'The fact that Vanguard holds such a large stake in Strategy is a powerful signal of growing institutional support for Bitcoin and for Bitcoin Treasury strategies,' Saylor said in a response to questions. 'It reflects the increasing acceptance of Bitcoin as a legitimate reserve asset within the traditional financial community.' Strategy's rally means that even if Vanguard's stash of shares may not have been intentional, the ownership has paid off handsomely in recent years. The company's more than 850% advance in the past two years alone far surpasses Bitcoin's 300% gain. Strategy gained another 3.8% Monday as Bitcoin topped $123,000 for the first time. 'Even though Vanguard hasn't embraced crypto directly, many of its clients are getting indirect exposure through MicroStrategy in Vanguard's passive indexes,' said Roxanna Islam, head of sector and industry research at ETF shop TMX VettaFi. 'That shows how embedded crypto has become in traditional indexes and client portfolios, sometimes without many even realizing it.' To be clear, Vanguard's massive stake in Strategy is hardly unique for the money manager. As investors have continued to flock to its index-tracking funds in recent years — swelling assets under management to more than $10 trillion — it's become the top shareholder of roughly 400 companies in the S&P 500, according to data compiled by Bloomberg. Strategy isn't currently part of the benchmark, though it recently was included in the widely followed Nasdaq 100 gauge. Vanguard's single biggest stake in the company is in its $1.4 trillion Total Stock Market Index Fund (VITSX), which has 5.7 million shares, worth roughly $2.6 billion. Other major holders include its $91 billion Vanguard Extended Market Index Fund (VIEIX), with 3 million shares, and its Vanguard Growth ETF (VUG). The firm's total Strategy stake is worth about $9.26 billion. Vanguard's exposure to Strategy extends beyond its passive products. One of its actively managed mutual funds — meaning that its portfolio managers have discretion over what it holds — had a small number of Strategy shares as recently as February, data compiled by Bloomberg show. Another one of its momentum factor ETFs, which is actively managed under the ticker VFMO, also holds a small position. Vanguard says that those funds' holdings of Strategy shares don't necessarily signal conviction either — the mutual fund, VSEQX, uses model-driven quantitative techniques to build its portfolio and is benchmarked against a small- and mid-cap index. VFMO, meanwhile, utilizes a rules-based quant model to rank stocks. A representative for Vanguard declined to provide further comment. Bloomberg Intelligence's Balchunas, whose book chronicles Vanguard's meteoric rise over the past 50 years on the back of its unwavering dedication to low-cost index products, says that beyond their divergent views of crypto, there's a striking similarity between Strategy and Vanguard. 'I do find the 'hodler' mentality that Saylor has — he says he'll never sell his Bitcoin — very Vanguardian,' Balchunas said, referencing a crypto-community term that denotes devotion to a token even during selloffs. 'Being totally committed — that's a very Vanguardian mindset.' —With assistance from Michael P. Regan and Kirk Ogunrinde. 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot 'The Turbulence Is Brutal': Four Shark Tank Businesses on Tariffs Trump's Cuts Are Making Federal Data Disappear Trade War? No Problem—If You Run a Trade School ©2025 Bloomberg L.P. 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Al Etihad
14-07-2025
- Business
- Al Etihad
Bitcoin holdings of Saylor's Strategy swell to over $70 billion
14 July 2025 20:40 (BLOOMBERG)The total value of Bitcoin held by Michael Saylor's Strategy has surpassed $73 billion as the cryptocurrency treasury company resumed purchases of the digital asset with prices at an all-time former MicroStrategy Inc. bought 4,225 Bitcoin tokens for $472 million at an average price of $111,827 during the seven days ended July 13, according to a filing with the US Securities and Exchange Commission on purchase, the latest in a series of almost weekly acquisitions of the cryptocurrency, increased the Tysons Corner, Virginia-based firm's holdings of the digital asset to around $73 billion, or around 2.8% of all the 21 million tokens that will ever be minted. Strategy is the largest corporate owner of Bitcoin and boasts a market capitalization of more than $121 recently pivoted from selling common shares and has been marketing three different offerings of preferred shares through its at-the-market program to fund its Bitcoin purchases. The company raised $472 million from last week's sale of these products, with the majority of it going toward its Bitcoin haul. The stock-like products are able to be traded forever and produce company is set to register a multi-billion dollar quarterly profit when it reports earnings next month due to a rebound in the price of Bitcoin and a fairly recent accounting change related to valuing its massive holdings of the cryptocurrency. This quarter, the company has spent $7.24 billion on Bitcoin over 13 separate purchases, according to data compiled by Bloomberg. Strategy's shares have soared over 3,300% since Saylor began buying Bitcoin in the middle of 2020 as a hedge against inflation. Bitcoin is up more than 1,000% during the same period, while the S&P 500 has increased around 115%. The original cryptocurrency hit an all-time high of $123,000 before paring back gains on Monday. It is now trading at $121,696 as of 10:11 am in New York.
