MicroStrategy’s Michael Saylor is understood for his unorthodox and daring investing style, which regularly attracts criticism. His Bitcoin focused strategy and buying the highest digital asset at near-highs have their fair proportion of critics. But recent developments tell us that Bitcoin’s bullish sentiment has been right in spite of everything, well, at the very least for today.

In response to Bloomberg, MicroStrategy’s current stash of $26 billion in BTC is now larger than Nike and IBM’s money holdings. Only a number of top firms, led by Apple and Alphabet, hold more assets of their treasuries.

The $26 billion in Bitcoin is a major milestone for MicroStrategy, which adopted an aggressive Bitcoin-focused strategy under Michael Saylor, and for the crypto industry generally.

MicroStrategy’s Bitcoin-First Policy

Saylor, MicroStrategy’s co-founder and chairman, began to take a position in Bitcoin in 2020 as an inflation hedge. During this time, the corporate’s revenues and growth stagnated, and Saylor decided to take a position within the leading digital asset.

MicroStrategy’s $26 Billion #Bitcoin Cache Is Larger Than IBM, Nike Money Holdingshttps://t.co/E5Q3bgDUsA

— Michael Saylor⚡️ (@saylor) November 16, 2024

The corporate used money from its operations to purchase BTC, then shifted to using the proceeds from the sales of stocks and convertible debt sales to spice up its buying power.

With most market experts lambasting Saylor for his unconventional and dangerous enterprise, the financial gamble tended to repay, eventually catapulting MicroStrategy to the seat of the biggest publicly listed entity with essentially the most substantial holding of the crypto.

BTCUSD trading at $90,251 on the 24-hour chart: TradingView.com

The Virginia-headquartered company now takes pride in owning the most important BTC inventory within the cryptocurrency sector, beating other key players like Riot Platforms and Marathon Digital.

In response to Bloomberg’s data, MicroStrategy’s Bitcoin holdings are comparable to Exxon Mobil’s $26.9 billion money and marketable securities holdings and Intel’s $26.6 billion, they usually approximate General Motors’s holdings with $32.2 billion.

MicroStrategy’s Holdings Grow As BTC Price Surges

MicroStrategy is one in all the highest publicly traded firms significantly depending on BTC. Because the company adopted a Bitcoin-focused investing policy, its growth and revenues are closely linked to the asset’s price.

Nonetheless, Saylor’s aggressive strategy has a number of detractors. Some observers have cautioned others in regards to the risks of crypto investing, and a few consider the strategy a chance to benefit from the crypto’s bullish sentiment.

Image: Getty Images

For MicroStrategy, the Bitcoin bet has paid off. The corporate’s Bitcoin holdings bought in August 2020 have already gained 2,500%, and its aggressive investing strategy is just not slowing down.

MicroStrategy To Buy More BTCs

MicroStrategy plans to proceed investing in Bitcoin and other crypto assets. The corporate has announced that it plans to expand its crypto portfolio by purchasing $42 billion in the subsequent three years. Its plan to purchase more BTC reflects the corporate’s bullish approach to crypto’s long-term future and as an inflation hedge.

MicroStrategy’s success has pushed other firms to extend their investments in crypto. For instance, Metaplanet has integrated BTC into its portfolio, following MicroStrategy’s lead. MicroStrategy’s investing thesis has develop into a template for other firms trying to expand into crypto.

Featured image from Wikimedia Commons, chart from TradingView