Michael Saylor’s firm, Strategy Inc., has reached a monumental valuation of $77.4 billion in Bitcoin holdings, surpassing several prominent banks and matching the GDP of small nations. This comes after a significant upswing in Bitcoin’s price, nearing $120,000.

“Our journey started with $0.25 billion in Bitcoin — and an initial unrealized loss of $0.04 billion,” said Saylor, reflecting on the firm’s rapid growth as its Bitcoin assets now nearly doubled their value compared to 2024.

While the current Bitcoin price is still 3% lower than its peak earlier in August, this record valuation is primarily due to the acquisition of 11,085 BTC over the preceding seven weeks, including a recent buy of 196 BTC on Monday.

Strategy’s Bitcoin assets hold more value than several important banks such as BNY Mellon, Sberbank, US Bancorp, and others.

Michael Saylor Source: Michael Saylor

A larger stash than the GDPs of some nations

Currently, Strategy Inc. boasts 640,031 BTC, accounting for 3.2% of Bitcoin’s circulating supply, dwarfing the next largest Bitcoin holder, MARA Holdings, which retains only 52,477 BTC valued around $6.3 billion.

With $77 billion in holdings, one could purchase approximately 2,566,667 cars each costing $30,000, or 385,000 houses worth $200,000 each.

It positions their wealth comparable to the total GDP of countries like Uruguay, Sri Lanka, and Slovenia.

El Salvador’s Bitcoin Treasury

El Salvador holds the premier nation-state Bitcoin treasury, currently valued at about $762.5 million with 6,338 BTC, although this is noticeably below its all-time high of nearly $770 million in mid-August. Discussions about whether El Salvador is buying more Bitcoin remain contentious.

Strategy’s Dominance in Bitcoin Holdings

Collectively, public and private entities hold 1.32 million BTC, or 6.6% of the total Bitcoin supply, translating approximately to $159 billion. Strategy Inc. significantly leads this space, controlling 48% of total BTC held by around 266 firms.