Microstrategy Eyes 7% of Total Bitcoin Supply, Says Saylor
#Strategy founder Michael Saylor has revealed the company could eventually own 7% of
$BTC's total 21 million coin supply.
The firm currently holds 628,791
$BTC worth $72 billion, representing over 3% of existing supply.
Acquiring 7% would mean owning 1.47 million
$BTC, valued at approximately $169 billion at current prices.
Saylor emphasized that Strategy wouldn't aim to buy all Bitcoin, stating, "We want everyone else to have their piece."
The company pioneered the #Bitcoin treasury model after pivoting from software development during COVID-19 in August 2020.
Strategy stock has gained over 2,488% since its first
$BTC purchase but fell 6% Friday to below $380.
Benchmark analyst Mark Palmer has raised the MSTR price target to $705, projecting 85% upside based on
$BTC reaching $225,000 by 2026.
