Michael Saylor remains loyal to Bitcoin despite the growing interest of companies in Ethereum and other cryptocurrencies. The executive chairman and noted Bitcoin maximalist stated in an interview with Bloomberg that Bitcoin will outperform the S&P 500 index 'in the foreseeable future.'
"I see an explosion of innovation across the entire cryptocurrency economy, and overall this is good for all participants in the digital asset market," Saylor said. He emphasized that 'the vast majority of capital entering this space is still directed towards Bitcoin.'
Bitcoin's dominance remains at 60%
And the numbers back it up. Bitcoin's dominance, which shows its share of the total cryptocurrency market capitalization, is 60.28% at the time of publication, according to TradingView data. 'I am laser-focused on Bitcoin,' Saylor added.
Over the past six months, the number of companies holding Bitcoin as a reserve has increased from approximately 60 to 160. Strategy remains the largest public holder of Bitcoin with reserves of 628,791 BTC worth about $74.15 billion, according to data from Bitcoin Treasuries. The second place is held by MARA Holdings with 50,639 BTC — more than 12 times less.
"I consider Bitcoin to be digital capital," Saylor explained his position.
Ethereum is gaining traction among corporate investors
Ethereum, meanwhile, is trading at $4,204, having gained 25% over the past 7 days.
Many market participants link the price increase to growing institutional and retail demand for Ethereum. The market of public companies holding Ethereum has grown to $11.77 billion and is led by BitMine Immersion Technologies and SharpLink Gaming.
BitMine owns 833,100 BTC worth $3.2 billion — the fourth largest reserve among all public companies holding cryptocurrencies. SharpLink and The Ether Machine hold ETH worth $2 billion and $1.34 billion respectively.
Despite the active growth of the Ethereum sector, Saylor remains steadfast in his beliefs. His confidence in Bitcoin's superiority over traditional assets is based on the concept of 'digital capital' — an asset that, in his opinion, will consistently outperform classic investment instruments.