XRP News Today: MicroStrategy's Bitcoin Holdings Reach 570,000 Coins, Mirroring Buffett's Influence

John Deaton, a prominent XRP advocate and attorney, recently drew a parallel between Michael Saylor’s approach to Bitcoin and Warren Buffett’s influence on the traditional U.S. financial system. In a social media post, Deaton suggested that Saylor, co-founder of MicroStrategy, is aiming to become a central figure in the Bitcoin ecosystem, similar to how Buffett shapes the traditional investment landscape.

MicroStrategy, under Saylor’s leadership, has aggressively acquired Bitcoin, expanding its holdings to nearly 570,000 coins. This makes MicroStrategy the largest institutional holder of BTC. Deaton believes that this continued accumulation indicates an ambition to control approximately 5% of Bitcoin’s circulating supply, a strategy that mirrors traditional financial power plays where concentrated ownership can translate into substantial market influence.

To support his comparison, Deaton referenced recent data indicating that Berkshire Hathaway, led by Warren Buffett, now holds around 5% of the U.S. Treasury bill market. With $314 billion parked in short-term government securities, Berkshire has become the fourth-largest holder of T-bills globally, even surpassing some foreign central banks. This massive stockpile provides Berkshire with both financial security and strategic optionality, positioning the company to act decisively during periods of market volatility. Deaton sees Saylor’s accumulation of Bitcoin through MicroStrategy as a crypto-market equivalent of Buffett’s traditional finance dominance.

Deaton’s remarks come at a time when there is increasing institutional interest in digital assets. As more entities seek exposure to cryptocurrencies, figures like Saylor are not only shaping investment strategies but also the narrative around long-term crypto value. His persistent Bitcoin acquisitions reflect growing confidence in the asset’s role as a store of value and hedge against economic uncertainty.

John Deaton remains a key voice in crypto legal circles. Known for representing XRP holders during the U.S. Securities and Exchange Commission’s case against Ripple Labs, he has consistently pushed back against what he sees as overly aggressive regulation. His recent attempt to challenge Senator Elizabeth Warren in Massachusetts, though unsuccessful, further demonstrated his commitment to defending digital asset innovation.

By aligning Saylor’s actions with Buffett’s influence, Deaton emphasizes the significance of strategic ownership in shaping market dynamics. Whether Saylor will achieve the same level of impact within Bitcoin remains uncertain, but his continued accumulation suggests he is positioning himself for long-term relevance.