Bitcoin News Today: MicroStrategy Aims to Double Bitcoin Holdings to 7% of Total Supply

Bitcoin treasury giant MicroStrategy, led by its Executive Chairman Michael Saylor, has signaled its intention to increase its Bitcoin holdings to up to 7% of the total supply of 21 million coins. The company currently owns 628,791 BTC, valued at approximately $71 billion, giving it a stake of around 3% in the circulating supply. Saylor emphasized that the goal is not to control all of Bitcoin, but to establish a significant presence within the Bitcoin treasury movement, which is rapidly growing in scope and influence [1].

Saylor described Bitcoin as “digital capital” and explained that MicroStrategy’s model involves accumulating Bitcoin while issuing “digital credit” to investors, thereby reducing the asset’s volatility and offering structured yield. He noted that the company has been executing its aggressive Bitcoin accumulation strategy since 2020, when Bitcoin was valued at around $10,000, and has continued to expand its holdings as the price has risen beyond $100,000 [1].

To fund this expansion, MicroStrategy announced a $4.2 billion capital raise through the issuance of preferred stock. This move is part of a broader trend of institutional interest in Bitcoin, with Japanese firm Metaplanet also planning to increase its holdings from 17,500 to 210,000 BTC by 2027, backed by a $3.7 billion capital raise. However, Metaplanet’s shares fell 7.65% following the announcement, reflecting mixed investor sentiment [1].

The crypto market has also seen shifting dynamics at major exchanges. Coinbase reported a 25% drop in Q2 revenue to $1.5 billion, missing analyst expectations by 6%. Despite the earnings miss, the platform saw XRP outperform Ethereum as a source of transaction revenue, with XRP accounting for 13% compared to Ethereum’s 12%. Bernstein analysts described the earnings shortfall as “the quarter that doesn’t matter” and maintained their outperform rating and $510 price target for Coinbase [1].

Meanwhile, other players in the crypto space are adapting their strategies. Robinhood reported a 45% revenue increase in Q2, with CEO Vlad Tenev highlighting tokenization as a response to regulatory and operational challenges related to private company stock tokens. In contrast, Bitcoin miner MARA Holdings has drawn criticism for its lack of diversification, with analysts noting the company’s insularity compared to peers exploring high-performance computing opportunities [1].

Bitcoin’s price has shown recent volatility, slipping below $115,000 amid U.S. tariff concerns. However, traders have viewed the dip as a “healthy buy-the-dip zone,” and MicroStrategy has continued its accumulation efforts, securing a 3% stake in the circulating supply following its latest purchase [1].

These developments reflect the maturing of the crypto market, with Bitcoin increasingly treated as a strategic asset by institutional investors. As firms like MicroStrategy, Metaplanet, and others continue to expand their Bitcoin treasuries, the cryptocurrency’s role in the global financial system is expected to grow, reinforcing its position as a digital reserve asset.

Sources:

[1] Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost

https://decrypt.co/333218/public-keys-strategy-metaplanet-bitcoin-coinbase-xrp