Strategy’s Bitcoin Treasury Soars to $77.4B as BTC Hits $120K

Strategy, Michael Saylor’s digital asset treasury firm, has reached a new milestone. After Bitcoin (BTC) value rose to $120k mark, the value of Strategy’s Bitcoin holdings also rose to $77.4 billion. The latest valuation position of this treasury makes it one of the largest corporate BTC reserves in the world. It also exceeds the market capitalization of several global banks and even rivals the gross domestic product (GDP) of small nations.

Saylor reflected on the firm’s journey on Thursday, recalling its modest beginnings. “Our journey began with $0.25 billion in Bitcoin, and an immediate $0.04 billion unrealized loss,” he said. Just over four years later, Strategy’s treasury has increased to 640,031 BTC, representing 3.2% of the total circulating Bitcoin supply.

The record value comes on the heels of consistent accumulation. Over the past seven weeks alone, Strategy acquired 11,085 BTC, with its most recent addition of 196 BTC on Monday. These purchases pushed its holdings to a level nearly double their 2024 valuation.

With $77.4 billion in Bitcoin, Strategy now surpasses the market caps of financial giants such as Barclays, Deutsche Bank, ING, BNY Mellon, and Lloyds. To put the scale in perspective, Strategy’s stash could buy 2.5 million cars at $30,000 each or 385,000 homes at $200,000 apiece. The holdings are also comparable in size to the GDPs of Uruguay, Sri Lanka, and Slovenia.

By contrast, the largest nation-state Bitcoin holder, El Salvador, currently owns 6,338 BTC valued at about $762 million, well below Strategy’s balance sheet. The Central American country’s stash remains slightly under its mid-August peak of $770 million.

According to BitcoinTreasuries.NET, public and private companies together hold 1.32 million BTC, worth roughly $159 billion at current prices. Strategy is responsible for 48% of that number, which is a lot more than its closest competitor, MARA Holdings, which has 52,477 BTC worth $6.3 billion.

As Bitcoin continues to rise, approach stays on top of corporate digital asset treasuries. Its scale and its constant accumulation approach keep it there.