MicroStrategy (now MTGY) Has Not Sold Bitcoin, May Be Looking to Buy More

Last week we reported about Michael Saylor's Strategy not buying Bitcoin, and this week it seems things are back to 'normal'.

Last week we reported about Michael Saylor’s Strategy not buying Bitcoin, and this week it seems things are back to ‘normal’. The Tyson, Virginia-based company formerly known as MicroStrategy, last week even hinted that it may be forced to (gasp) sell some BTC.

It is of course Saylor’s long-held and well-known view to never sell Bitcoin, and it looks like they didn’t actually go through with the sale.

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In fact, there are signs that Saylor is going to add more BTC to his company’s current stockpile of 528,185 coins. The stash is worth approximately US$44.6 billion (AU$70.7 billion), which they spent US$36.6 billion (AU$58 billion) to acquire.

Saylor posted on Crypto Twitter:

No Tariffs on Orange Dots pic.twitter.com/Cg3bCVPMcM

Usually, posts like this are followed by a Bitcoin purchase announcement. The tweet also hints at the Trump tariff saga, which had caused a lot of volatility and anxiety.

Corporate Bitcoin HODLers With Large BTC Share

With half a million Bitcoin, Saylor’s company is the largest public HODLer. The second largest amount of Bitcoin held by a public company is just 47,531 – owned by Marathon Digital.

While public companies and governments hold a lot of the coin, the largest holders are, unsurprisingly, exchange-traded funds (ETFs).

Out of those ETFs HODLing, the majority is US-based. Seven out of ten Bitcoin ETFs are US-listed, with the BlackRock iShares Bitcoin Trust (IBIT) being the largest with 570,983 BTC – even more than Saylor’s Strategy.

Funds by Fidelity and Grayscale hold second and third spot, while Swiss fund CoinShares/XBT Provider is the largest non-US Bitcoin ETF.

Canadian Purpose Bitcoin ETF and 3iQ CoinShares Bitcoin ETF hold the ninth and tenth spots, respectively, with VanEck’s Bitcoin Trust coming in on the tenth position.

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As per the latest data, all Bitcoin ETFs currently hold 1.29 million BTC – out of the 21 million that will ever be in circulation.