Michael Saylor’s digital asset treasury firm, Strategy Inc., has reached a new all-time high in its crypto reserves, with its Bitcoin holdings now valued at $77.4 billion. The milestone comes as Bitcoin prices climbed back to $120,000 this week, fueling renewed interest in the scale of Strategy Bitcoin holdings.
“Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss,” — Michael Saylor, CEO, Strategy Inc.
Despite Bitcoin still being 3% below its August peak, Strategy’s aggressive accumulation of 11,085 BTC over the last seven weeks has propelled its balance sheet to historic levels. The most recent purchase of 196 BTC was made on Monday, demonstrating the company’s continued conviction.
At $77.4 billion, Strategy Bitcoin holdings now surpass the market capitalization of established banks including Barclays, Deutsche Bank, BNY Mellon, and ING. The scale of the holdings also places Strategy in rare company, with a reserve comparable to the gross domestic product (GDP) of mid-sized nations such as Uruguay, Sri Lanka, and Slovenia.
The firm currently holds 640,031 BTC — equivalent to 3.2% of Bitcoin’s circulating supply. This far outpaces the next-largest corporate holder, MARA Holdings, which owns 52,477 BTC valued at approximately $6.3 billion.
“With $77 billion worth of Bitcoin, you could buy 2,566,667 cars at $30,000 each or 385,000 houses at $200,000 each,” noted Saylor, underlining the scale of Strategy Bitcoin holdings in relatable terms.
Comparison with nation-state reserves
While Strategy leads the corporate space, the largest nation-state reserve remains with El Salvador, whose Bitcoin holdings currently stand at 6,338 BTC, worth about $762.5 million. According to the El Salvador Bitcoin Office, this is slightly below its August peak of $770 million.
The Central American nation has maintained a slower accumulation pace, reportedly adding one Bitcoin per day; though the consistency of its strategy is still debated within crypto policy circles. By contrast, Strategy Bitcoin holdings represent nearly half of all Bitcoin treasuries combined across public and private entities.
Dominating corporate treasuries
According to BitcoinTreasuries.NET, the total Bitcoin held by public and private companies is around 1.32 million BTC, valued at $159 billion. Of this, Strategy alone controls an extraordinary 48%.
The dominance of Strategy Bitcoin holdings underscores its influence within the digital asset treasury (DAT) space, where only 266 public and private firms are actively engaged in large-scale accumulation. This concentration raises questions about the decentralization of Bitcoin reserves and their potential impact on market liquidity.
Saylor, however, frames the achievement as validation of long-term conviction. “It’s about time to bring traditional finance and Bitcoin together,” he has repeatedly emphasized, pointing to Bitcoin’s role as both an asset and a strategic reserve.
The broader implications
The record valuation of Strategy Bitcoin holdings not only reflects bullish market conditions but also signals how digital asset treasuries are challenging conventional financial metrics. For crypto investors, the comparison with banks and sovereign economies highlights Bitcoin’s growing integration into institutional and macroeconomic narratives.
As Bitcoin hovers near $120,000, Strategy’s positioning places it as the clear leader in corporate adoption — a move likely to influence both competitors and policy discussions around digital assets worldwide.
Moses Edozie is a writer and storyteller with a deep interest in cryptocurrency, blockchain innovation, and Web3 culture. Passionate about DeFi, NFTs, and the societal impact of decentralized systems, he creates clear, engaging narratives that connect complex technologies to everyday life.