Saylor Buys 525 Bitcoins, Strategy Now Holds $73B in BTC
Michael Saylor's company, Strategy, has purchased 525 more Bitcoins, increasing its total holdings to 638,985 BTC, valued at approximately $73 billion. This reinforces Saylor's belief in Bitcoin as a superior store of value compared to gold.
- Strategy is now the largest corporate holder of Bitcoin globally.
- Despite a recent dip in its stock price, several companies and US states are considering similar Bitcoin investments.
- This move has strengthened investor confidence in Bitcoin, boosting demand for related projects such as Bitcoin Hyper ($HYPER).
Global Bitcoin Reserves
- The US holds 198,012 BTC, valued at over $22 billion, institutionalizing Bitcoin through a strategic reserve.
- China holds approximately 194,000 BTC despite strict crypto bans.
- The UK possesses around 61,245 BTC, worth over $7 billion.
- Other countries with significant BTC reserves include Ukraine, Bhutan, and El Salvador.
Corporations are also accumulating Bitcoin:
- Strategy: Owns 638,985 BTC, valued at $73 billion.
- Marathon Digital Holdings: Holds 52,477 BTC, valued at approximately $6 billion.
- Twenty-One (XXI): Holds 43,514 BTC, valued at over $5 billion.
The corporate adoption of Bitcoin has increased market confidence, influencing the presale demand for Bitcoin Hyper ($HYPER), a Layer 2 scalability solution for the Bitcoin network.
$HYPER offers fast transactions, low fees, and inherits Bitcoin's security. It is priced at $0.012925, close to its listing price, with significant investment interest noted from recent purchases totaling $58.6K.
Future predictions estimate potential growth in $HYPER's value, with staking opportunities offering a 70% APY, suggesting substantial returns for early investors.