 
 
Bitcoin treasury giant Strategy already owns a staggering $71 billion worth of Bitcoin (BTC), but its Executive Chairman, Michael Saylor, has even bigger goals.
Owning 7% of Bitcoin Not Too Much: Saylor
Saylor told CNBC’s Squawk Box on Friday that the publicly traded firm could end up holding up to 7% of the world’s largest and oldest cryptocurrency’s total supply of 21 million coins.
The executive described Bitcoin as “digital capital” and stressed that Strategy’s core business model is to amass Bitcoin and issue “digital credit” like preferred equity to strip out volatility for investors while offering structured yield and exposure to the underlying crypto asset.
However, he maintained that Strategy (formerly known as MicroStrategy) is not looking to acquire all BTC in circulation.
“I don’t think we’ll get all of [the Bitcoin],” Saylor quipped when asked whether there’s such a thing as too much BTC for Strategy to own or if it could ever own the entire supply. “I don’t think in the range of 3-5% or 3-7% is too much.
 
Strategy currently owns approximately 3% of the total BTC supply. The Tysons Corner, Virginia-based company is the world’s largest corporate holder of Bitcoin, with 628,791 BTC valued at around $71 billion based on today’s BTC price of $113,456. The firm first started accumulating Bitcoin in 2020 under the leadership of Saylor and has continued executing its aggressive BTC accumulation plan ever since.
“We had very little when Bitcoin was $10,000,” Saylor noted. “And now Bitcoin is more than $100,000, and 97% of Bitcoin is worth ten times as much. And somebody else, not us, has it. So it is a practical matter. What we’re doing is we’re monetizing and powering up this.”
Bitcoin Treasury Movement “Exploding”
Quizzed on whether he would wish to own all of Bitcoin, Saylor asserted that complete control wasn’t the plan as he wants “everyone else to have their piece.”
“We wouldn’t want to own all of it — we want everyone else to have their piece,” Saylor asserted, adding that he’s motivated by the rising corporate BTC adoption, which reinforces the idea of widespread, decentralized participation in the Bitcoin ecosystem.
“There are 160 companies that are capitalizing on Bitcoin in the public market, up from about 60 last year. So the Bitcoin treasury movement’s exploding,” he continued.
If Strategy buys 7% of the total Bitcoin supply, it would have a 1.47 million BTC stash, currently worth around $168 billion.
Source: https://zycrypto.com/bitcoin-bull-michael-saylor-says-strategy-could-buy-up-to-7-of-btc-supply/