Saylor's Strategy portfolio publications on X have always preceded the company's Bitcoin purchase announcement. The text accompanying the publication also alludes to an imminent purchase by the world's largest Bitcoin treasury company.
"Be humble. Stack the sats," said Saylor.
A glance at the portfolio tracker reveals a Bitcoin holding of 601,550 BTC, valued at $70.94 billion. Last week, Strategy surpassed 600,000 BTC after a $427 million purchase, reaching a historic milestone. Before the purchase, Michael Saylor's Strategy halted its 12-week buying streak as Bitcoin reached new all-time highs.
With extremely high holdings, Strategy surpassed Nvidia and became the ninth largest corporate treasury in the U.S., driven by the meteoric rise of the largest cryptocurrency. Despite the increase, Matt Hamilton, former Ripple developer, believes that Strategy's current valuation could double if Michael Saylor invested in XRP instead of Bitcoin.
Led by Michael Saylor's strategy, Bitcoin treasury companies added $810 million in BTC to their holdings during the last week. Between July 14 and 19, 21 companies purchased the leading cryptocurrency for their balance sheets, totaling nearly $300 million more than the previous week.
Treasuries remained unfazed by Bitcoin's surge, which led it to reach an all-time high of over $123,000. Moreover, institutions are announcing BTC purchases with 17 treasury announcements and 11 active fundraising activities during the last week to drive new purchases. At the time of this edition, the asset is trading at $118,410, but daily trading volume has decreased by 23.64%.