Bitcoin News Today: Michael Saylor's Firm Boosts Bitcoin Holdings by 60% Post-Trump Election

Michael Saylor’s investment firm has significantly increased its Bitcoin holdings since the November 2024 U.S. election, when Donald Trump regained the presidency. According to recent filings and tracking data, the firm has acquired 376,571 BTC — valued at $43.2 billion at current prices — in the nine months following the election, contributing to a 60% rise in its total Bitcoin treasury [1]. This represents a dramatic shift from the prior four years, during which the firm accumulated 252,220 BTC.

The firm’s aggressive accumulation has occurred alongside a regulatory environment that has become more favorable to the crypto industry under the Trump administration, which has rolled back certain Biden-era enforcement actions and introduced pro-crypto policies [1]. In the wake of the election, the firm executed two major purchases totaling over $10 billion. More recently, it acquired 21,021 BTC for $2.46 billion in a single week — its third-largest Bitcoin purchase by value since it began accumulating the asset five years ago [1]. This acquisition came at an average price of $117,256 per coin, underscoring the firm’s ongoing confidence in Bitcoin’s long-term potential despite elevated market prices.

Michael Saylor, the firm’s executive chairman, has described Bitcoin as a “freedom virus” and likened its global adoption to an unstoppable swarm, suggesting it is transforming finance in a manner akin to the rise of electricity and the internet [1]. Saylor also emphasized the potential of the firm’s Bitcoin Yield initiative, which seeks to generate returns beyond direct Bitcoin exposure through credit instruments.

The firm’s Bitcoin holdings are now valued at $72.2 billion, representing 3.16% of the total circulating supply of BTC, with an average cost basis of $73,277 per coin [1]. This strategy appears to be paying off, as the firm reported a record $10 billion in profits for the second quarter [1].

Saylor also addressed the increasing number of companies adopting Bitcoin as a treasury asset, suggesting that this trend reflects a broader shift in financial infrastructure. He compared the adoption of Bitcoin to the early stages of technological revolutions, where companies first adopted electricity or the internet [1].

As the firm continues its aggressive accumulation, analysts have noted strong technical indicators for Bitcoin. Ryan Lee of Bitget suggested that the asset could consolidate between $112,000 and $118,000 before potentially rising further [2]. Other institutional players are also increasing their Bitcoin exposure, reflecting a growing institutional confidence in the digital asset [4].

Source:

[1] Cointelegraph, Strategy Doubled Bitcoin Stash Since Trump Election (https://cointelegraph.com/news/strategy-doubled-bitcoin-stash-since-trump-election)

[2] CoinStats, Bitcoin Tests Support Before Aiming Higher (https://coinstats.app/news/1932836ce96d6269e34cb8e7187123b1ca7654a18b753eddd079739ebfed7c2d_Bitcoin-Tests-Support-Before-Aiming-Higher-Crypto-Daybook-Americas)

[4] Facebook, Manuel Guevarra (https://www.facebook.com/manuel.guevarra.369210/)