Share this article
Michael Saylor’s Strategy is sitting on over $23 billion in paper profits as Bitcoin surged past $110,000 for the first time on record, boosting the company’s holdings to $63 billion.
Strategy has amassed 576,230 BTC at an average cost of $69,749 per coin, giving the firm control of nearly 2.8% of all Bitcoin in existence, Bitcoin Treasuries data shows.
Strategy’s unrealized gains have soared as Bitcoin hit a new all-time high of $110,797 on Binance Wednesday, surpassing its previous January peak of $109,588.
At the time of writing, the leading crypto asset was trading around $109,600, up approximately 3% over the past 24 hours.
It’s not just Strategy benefiting from Bitcoin’s meteoric rise. Governments and early corporate adopters are also seeing substantial gains.
El Salvador, the first country to adopt Bitcoin as its legal tender, has seen over $386 million in unrealized profits, as shared by President Nayib Bukele in a recent post on X.
Despite facing international criticism and constraints tied to an IMF agreement, El Salvador has continued to expand its Bitcoin holdings. The nation’s BTC portfolio is now valued at approximately $677 million.
https://twitter.com/nayibbukele/status/1925347440774791552?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer
Bitcoin’s rally has picked up steam amid easing global trade tensions. Earlier this month, President Trump signaled progress with China, followed by a joint agreement to temporarily lower bilateral tariffs. The move opened a 90-day window for renewed negotiations aimed at de-escalating the trade dispute.
These positive developments helped propel Bitcoin above $105,000, setting the stage for further upside momentum.
Accelerating institutional investment is also fueling Bitcoin’s ongoing rally, with major players like Strategy, Metaplanet, and Twenty One Capital driving a shift away from retail speculation toward long-term capital deployment.
The trend is reinforced by corporate treasury strategies, growing ETF inflows, and increasing regulatory optimism.
Interestingly, Bitcoin hit a fresh all-time high just ahead of Bitcoin Pizza Day. On May 22, 2010, a Florida programmer traded 10,000 BTC for two pizzas—the first known Bitcoin-for-goods transaction.
That sum would be worth over $1 billion today.
Share this article
Key Takeaways The SEC has delayed its verdict on in-kind creations and redemptions for BlackRock's…
As Mashable's tech editor, I've been covering Prime Day and Black Friday events since 2019.…
The New Zealand government has announced it is banning crypto ATMs as part of its…
Japan’s Investment firm Metaplanet, touted to be akin to Michael Saylor’s Strategy, holds 15,555 Bitcoin…
Prime Day Deals are popping, and even a modest sale on Sony's WH-1000XM6 headphones (9/10,…
New reporting regulations set to come into force in January 2026 will target crypto investors…