That original investment alone is now worth over $4.8 billion with Bitcoin currently trading at $86,578.
Bitcoin News
Strategy owns 671,268 Bitcoin (BTC) valued at approximately $58.61 billion, representing 3.2% of the total 21 million supply. The company announced Monday it acquired 10,645 Bitcoin for $980.3 million at an average price of $92,098 per coin.
Bitcoin entrepreneur Anthony Pompliano said it would be very difficult for any public company to match Strategy's Bitcoin position. He noted the company has been accumulating Bitcoin for years, creating a substantial lead over potential competitors.
Strategy's initial purchase in 2020 totaled around $500 million when Bitcoin traded between $9,000 and $10,000. That original investment alone is now worth over $4.8 billion with Bitcoin currently trading at $86,578.
Pompliano explained that matching Strategy's holdings would require raising hundreds of billions of dollars. Any company attempting to catch up would need either extraordinary capital access or a business generating massive cash flows, he said on The Pomp Podcast published Tuesday.
Strategy CEO Phong Lee recently told CNBC the company probably will not sell any Bitcoin until at least 2065. Meanwhile, Saylor has repeatedly stated on X that he plans to keep buying Bitcoin indefinitely.
Some observers have raised concerns about Strategy's growing share of Bitcoin holdings and potential market influence. However, the company executes significant purchases through over-the-counter desks designed to absorb large flows without impacting market prices.
Many market participants view Strategy's Bitcoin purchases as bullish signals for Bitcoin price movements. The company's cryptocurrency accumulation strategy continues despite market volatility, with Saylor maintaining his long-term conviction.
Pompliano acknowledged the possibility exists for another public company to build comparable holdings. He characterized it as technically possible but practically unlikely given Strategy's head start and ongoing acquisition pace.
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