MicroStrategy has amassed 815,061 Bitcoin, overtaking BlackRock’s iShares Bitcoin Trust to become the largest single holder of the cryptocurrency.
The company recently purchased 34,164 BTC for about $2.54 billion, as Galaxy Digital projected its holdings could surpass Satoshi Nakamoto’s estimated 1.096 million BTC within two years.
“Strategy (MSTR), a single company, now holds more BTC than IBIT, the world’s largest bitcoin fund, Strategy will likely surpass Satoshi within the next 2 years,”
Said Alex Thorn.
Executive Chairman Michael Saylor signalled optimism by declaring “Winter’s Over” as Bitcoin traded near $77,800, suggesting confidence in a broader market recovery.
However, criticism has emerged over the firm’s financing model, with Peter Schiff calling its STRC preferred stock structure a Ponzi scheme dependent on continuous capital inflows.
Schiff argued that dividend payments rely on new investor funding rather than operational revenue, raising concerns about sustainability despite disclosures in company filings.
MicroStrategy has countered that Bitcoin would need to appreciate by just 2.05% annually to cover preferred stock dividends indefinitely, underscoring its long-term conviction in the asset.
At the time of reporting, Bitcoin price was $78,457.59.