Strategy Bitcoin Holdings Hit $77 Billion as BTC Returns to $120K

Strategy, led by Michael Saylor, has reached a historic milestone: its Bitcoin holdings are now valued at $77.4 billion, following Bitcoin’s rebound to $120,000. 

The company’s massive reserve not only eclipses the market value of several leading banks but also rivals the GDP of entire nations.

Surpassing banks with record Bitcoin holdings

Saylor reflected on the journey, noting:

“Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss. Today, we closed at a new all-time high: $77.4 billion in BTC NAV.”

Source: X

The rally was powered by Bitcoin’s return to the $120K level, only 3% below its all-time high in mid-August. Over the past seven weeks, Strategy has added 11,085 BTC, including a smaller recent purchase of 196 BTC on September 29.

With 640,031 BTC under its control, equal to 3.2% of all circulating Bitcoin, Strategy now dominates the corporate reserve space. For comparison, its closest competitor, MARA Holdings, holds just 52,477 BTC worth about $6.3 billion.

The firm’s Bitcoin stash is valued higher than the market capitalization of BNY Mellon, ING, Deutsche Bank, Lloyds, Barclays, and other global financial giants.

Reserves that rival national economies

To put the scale into perspective, $77 billion could purchase 2.5 million cars at $30,000 each or 385,000 homes at $200,000 each. 

The size of the reserve rivals the GDP of Uruguay, Sri Lanka, and Slovenia, underlining how far Strategy has come from its modest first purchase in 2020.

Meanwhile, El Salvador remains the largest state-level Bitcoin holder, with 6,338 BTC worth about $762.5 million. The country continues its controversial “one Bitcoin per day” accumulation strategy despite ongoing debate in the global crypto community.

According to Bitcoin Treasuries, public and private companies together hold about 1.32 million BTC, worth $159 billion. 

Remarkably, Strategy controls 48% of all Bitcoin held by companies worldwide, cementing its position as the undisputed leader in corporate accumulation.

Top 10 corporate Bitcoin holders. Source: Bitcoin Treasuries

The road ahead

Strategy’s scale shows how Bitcoin has shifted from a speculative asset to an institutional reserve. What began with small purchases and early losses has now grown into a reserve larger than banks and comparable to national economies.

As Bitcoin edges closer to new highs, the question isn’t whether Strategy will keep buying — it’s how far its dominance in the Bitcoin market can go.