Michael Saylor’s Strategy Owns 3% of Bitcoin in Circulation After Latest Purchase

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Kirk OgunrindeMon, Jul 21, 2025, 9:53 PM 2 min read(Bloomberg) -- Michael Saylor’s Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company’s latest purchase of the original cryptocurrency.Most Read from BloombergWhy the Federal Reserve’s Building Renovation Costs $2.5 BillionSalt Lake City Turns Winter Olympic Bid Into Statewide Bond BoomMilan Corruption Probe Casts Shadow Over Property BoomHow San Jose’s Mayor Is Working to Build an AI CapitalThe former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday 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% of the roughly 19.9 million token issued. The stack is worth about $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 $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 — like 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 Monday that it planned to offer 5 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% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%.(Updates with preferred stock sale plans in the fifth paragraph.)Most Read from Bloomberg BusinessweekElon Musk’s Empire Is Creaking Under the Strain of Elon MuskA Rebel Army Is Building a Rare-Earth Empire on China’s BorderThailand’s Changing Cannabis Rules Leave Farmers in a Tough SpotHow Starbucks’ CEO Plans to Tame the Rush-Hour Free-for-AllWhat the Tough Job Market for New College Grads Says About the Economy©2025 Bloomberg L.P.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,369.25 +22.50 (+0.35%)Dow Futures44,889.00 +178.00 (+0.40%)Nasdaq Futures23,277.50 +51.25 (+0.22%)Russell 2000 Futures2,277.70 +17.00 (+0.75%)VIX16.20 -0.30 (-1.82%)Gold3,436.90 -6.80 (-0.20%)PortfolioSign in to access your portfolioSign inTop gainersMEDP Medpace Holdings, Inc. 477.73 +168.85 (+54.67%)IQV IQVIA Holdings Inc. 187.38 +28.42 (+17.88%)DHI D.R. Horton, Inc. 153.50 +22.28 (+16.98%)NEGG Newegg Commerce, Inc. 30.53 +4.19 (+15.91%)ICLR ICON Public Limited Company 161.50 +21.87 (+15.66%)Top losersBMI Badger Meter, Inc. 204.80 -40.42 (-16.48%)LMT Lockheed Martin Corporation 410.74 -49.79 (-10.81%)THC Tenet Healthcare Corporation 155.97 -18.68 (-10.70%)MCRB Seres Therapeutics, Inc. 12.39 -1.46 (-10.54%)MSCI MSCI Inc. 526.48 -51.49 (-8.91%)Most activeOPEN Opendoor Technologies Inc. 2.8800 -0.3300 (-10.28%)LCID Lucid Group, Inc. 3.1300 +0.3100 (+10.99%)NVDA NVIDIA Corporation 167.03 -4.35 (-2.54%)NIO NIO Inc. 5.01 +0.49 (+10.84%)QS QuantumScape Corporation 13.80 +1.28 (+10.22%)Earnings eventsTrending tickersKSS Kohl's Corporation 14.34 +3.92 (+37.62%)DNUT Krispy Kreme, Inc. 4.1300 +0.8700 (+26.69%)RKT Rocket Companies, Inc. 16.00 +0.96 (+6.38%)LMT Lockheed Martin Corporation 410.74 -49.79 (-10.81%)NIO NIO Inc. 5.01 +0.49 (+10.84%)Top economic events