microstrategy holds $73b bitcoin but their stock market cap is $24b. they literally cannot sell without imploding their own equity. saylor created a one-way door. 639,835 btc permanently removed from circulation. every corporate treasury copying this model locks up more supply forever ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. (NASDAQ:MSTR) CEO Michael Saylor shared in an interview aired Friday his views on why Bitcoin (CRYPTO: BTC) has been chopping sideways. People Are Bitcoin Rich But Fiat Poor, Says Saylor During a podcast with Bitcoin influencer Natalie Brunell, Saylor said that $2.3 trillion worth of Bitcoin, its market capitalization, is unbanked, meaning owners cannot borrow against it. “And because they c ...

Key Takeaways Strategy now holds 638,985 bitcoins after adding 525 between Sept. 8 and 14. The company raised $18.3B by July 29, 81% of 2024's total, via equity programs. Strategy projects $34B operating income and $24B net income for 2025. Strategy (MSTR) is the world’s largest bitcoin treasury company, holding 638,985 bitcoins as of Sept. 14, acquiring 525 bitcoins between Sept. 8 and 14. The company’s disciplined approach to capital raising through preferred equity offerings — Strike (STRK), Strife (STRF ...

Core Insights - Metaplanet has made a significant purchase of 5,419 Bitcoin valued at over $632 million, positioning itself as the fifth largest corporate holder of Bitcoin globally [1][3] - The company aims to increase its Bitcoin holdings to 30,000 BTC by the end of 2025 and 100,000 BTC by 2026, with a long-term goal of acquiring 210,000 BTC, representing 1% of the total Bitcoin supply [2][3] Company Developments - CEO Simon Gerovich announced the record purchase on social media, highlighting it as the largest single Bitcoin purchase in the company's history and a part of the proceeds from their public offering [3] - Metaplanet's stock experienced a nearly 3.8% increase on US exchanges, although it dipped 0.5% in Tokyo, with a year-to-date increase of over 74% [6] Competitive Landscape - Metaplanet is competing with other major corporate holders of Bitcoin, including Michael Saylor's Strategy, which currently holds 639,835 BTC [4][6] - The company is now the largest publicly traded Bitcoin treasury in Asia, indicating its growing influence in the cryptocurrency market [6] Strategic Partnerships - Eric Trump, who was appointed as an adviser to Metaplanet in March 2025, attended a shareholder meeting, expressing confidence in the company's leadership and Bitcoin product [7][8]

Market Overview - Nearly all crypto assets are experiencing declines, with total market capitalization falling below $4 trillion [1] - Bitcoin (BTC) decreased by 3%, while ether (ETH) fell by 6%, and Solana (SOL) dropped by 7% [1] Liquidation in Crypto Derivatives - A total of $1.7 billion in trading positions were liquidated in the crypto derivatives market, with 94% from bullish trades [2] - The largest single liquidation was valued at $12.7 million on the OKX exchange [2] - Liquidations for ether exceeded $500 million, while bitcoin saw $280 million in liquidations [2] Impact of Federal Reserve's Policy - Crypto assets sold off following the Federal Reserve's indication of a quarter percentage point reduction in short-term policy rates [3] - Companies holding bitcoin and other digital assets have faced pressure after significant stock surges earlier in the year [3] Bitcoin Treasury Companies - Over 180 public companies have added bitcoin to their balance sheets, many aiming to replicate the stock performance of Strategy (MSTR) [4] - Strategy's stock has seen a 2,200% increase since it began purchasing bitcoin, despite a recent decline of 1.3% [5] Imitators and Market Dynamics - 94 companies are considered imitators of Strategy based on size, business model, and funding methods for bitcoin purchases [6] - Approximately 25% of these firms have market capitalizations below the value of their bitcoin holdings [7] Mergers in Bitcoin Treasury Space - The first merger in the bitcoin treasury sector occurred, with Semler Scientific (SMLR) stock rising 27% after announcing an acquisition by Strive Inc. [8]

Core Insights - Strategy (MSTR) has acquired 850 Bitcoin for $100 million at an average price of $117,344, leading to a 1.4% decline in its shares [1] - The stock has underperformed Bitcoin, decreasing approximately 5.2% over the last month compared to Bitcoin's 1.6% decline [1] - Analysts at TD Cowen maintain a buy rating on MSTR, citing the stock as undervalued relative to Bitcoin and potential catalysts for growth [2][3] Financial Overview - The recent Bitcoin purchase was financed using $19 million from STRF preferred stock proceeds and over $80 million from its existing $21 billion common stock offering [2] - Strategy currently holds a Bitcoin treasury of 635,893 BTC, valued at around $72.25 billion, significantly larger than the next largest treasury held by MARA [3] Fundraising Strategy - The firm operates five distinct at-the-market (ATM) offerings to raise funds for Bitcoin purchases, with approximately $16 billion remaining for issuance in its common stock offering and over $30 billion available across its preferred stock offerings [4] - Each stock offering was designed to provide Bitcoin exposure to investors with varying risk profiles [5]

Core Viewpoint - The cryptocurrency sector is experiencing a significant downturn, with major stocks related to Bitcoin and Ethereum showing notable declines in their market prices [1] Group 1: Bitcoin-Related Stocks - Bit Digital (BTBT.US) has seen a decline of over 2.4% [1] - Hut 8 Mining (HUT.US) also dropped by 2.4% [1] - MicroStrategy (MSTR.US) experienced a decrease of more than 1.6% [1] Group 2: Ethereum-Related Stocks - Bitmine Immersion Technologies (BMNR.US) fell nearly 6% [1] - Bit Digital (BTBT.US) again reported a decline of over 2.5% [1] Group 3: Cryptocurrency Exchanges and Other Stocks - Coinbase (COIN.US) dropped more than 2.6% [1] - Robinhood (HOOD.US) saw a decline of over 1% [1] - Circle (CRCL.US), a leading stablecoin issuer, fell by more than 5% [1] Group 4: Cryptocurrency Prices - Ethereum's price decreased by nearly 6%, falling below the $4200 mark [1] - Bitcoin's price dropped over 2%, currently at $113,136 [1]

Group 1 - The company announced its 80th bitcoin purchase, acquiring 850 BTC for $99.7 million at an average price of $117,344 per BTC [1] - The total bitcoin holdings of the company now amount to 639,835 BTC, representing over 3% of bitcoin's maximum supply of 21 million, with an average purchase price of $73,971 per BTC [2] - The company reported a BTC Yield of 26.0% year-to-date, indicating a 26% growth in BTC per assumed diluted share since the start of 2025 [2] Group 2 - The company's stock, MSTR, has seen significant appreciation since adopting its bitcoin standard in 2020, outperforming major assets during this period [3] - At the time of publication, MSTR's stock price was down 1.7% [4]

Billionaire Michael Saylor’s Strategy Inc. announced on Monday it has purchased an additional 850 BTC for approximately $99.7 million, bringing its total bitcoin holdings to new heights. The average purchase price for the latest tranche was $117,344 per bitcoin, inclusive of fees and expenses. The purchase was funded using proceeds from the company’s at-the-market equity programs, particularly the STRF and MSTR issuances. This latest acquisition shows Strategy’s ongoing commitment to using its balance sh ...

🔥 LATEST: Strategy adds 850 $BTC, bringing total holdings to 639,835 $BTC acquired for about $47.33B. https://t.co/TTJVNuFzin ...