Strategy Inc. Now Holds $77B in Bitcoin, Becoming Largest Corporate Holder
Strategy Inc., a leading tech company, has made waves in the crypto world. It now holds over 11,000 BTC, worth a staggering $77 billion, making it the largest corporate holder by both value and quantity. This follows a significant recovery in its market-based net asset value (mNAV).
Strategy Inc.'s Bitcoin journey began in August 2020 with a $250 million investment. Despite initial unrealized losses, CEO Michael Saylor celebrated the company's latest milestone with an X post, marking a remarkable turnaround.
The company's Bitcoin holdings now account for roughly 48% of the 1.32 million BTC held by public and private companies globally. This impressive feat comes after Strategy Inc. acquired an additional 11,085 BTC in the past seven weeks, pushing its total holdings to a new all-time high.
Strategy Inc.'s mNAV has also seen a remarkable recovery, surging from a low of 1.195 to over 1.5. This strengthens the company's ability to issue new equity at a premium and allows for future Bitcoin purchases without dilution concerns. The company's valuation has roughly doubled compared to last year's all-time high of around $41.8 billion.
Strategy Inc.'s record Bitcoin holdings and strong mNAV recovery position it as a leader in the corporate crypto space. With Bitcoin's price returning to over $120,000, the company's investment strategy continues to pay off. As the largest corporate holder of Bitcoin, Strategy Inc. is well-placed to capitalize on future market movements.
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