Corporate Bitcoin Acquisitions Surge Despite Wall Street’s Caution
Michael Saylor’s firm, Strategy, has surpassed an $80 billion market cap due to substantial bitcoin acquisitions. This strategy is prompting other companies, including GameStop and Tether, to consider adding bitcoin to their balance sheets.
- Saylor describes this as a global surge in corporate bitcoin treasuries, with interest rising in regions like Hong Kong, Korea, Abu Dhabi, and the U.K.
- Despite the trend, Wall Street shows caution; Trump Media's shares fell over 20% after a $2.5 billion bitcoin purchase, and GameStop declined nearly 17% despite a planned $500 million bitcoin investment.
- Strategy's value has increased 26x since late 2022, holding over $60 billion in bitcoin.
- At Bitcoin 2025, Saylor termed corporate bitcoin investments "courageous," attributing stock volatility to financing methods rather than skepticism about bitcoin.
- U.S. policy changes under President Trump include creating a Strategic Bitcoin Reserve from seized assets and auditing over 200,000 bitcoin holdings.
- Microsoft shareholders rejected a proposal for adding bitcoin to reserves, which Saylor warns may lead to missed opportunities.
- Saylor argues that institutional involvement enhances bitcoin's resilience and stability.