Michael Saylor renewed his call to “go Bitcoin today” as his company continued to add to its holdings despite the cryptocurrency trading below the firm’s average purchase price. Recent disclosures show fresh buying in February and an unrealized loss approaching $6 billion at current market levels.
Holdings, Cost Basis, and New Purchases
In a Feb. 13 post on X (formerly Twitter), Saylor wrote: “Go Bitcoin today — the money won’t fix itself.” Company filings and industry reports indicate that his firm now holds approximately 714,644 BTC at an average cost of about $76,056 per coin, implying a reported book value above $54 billion after nearly six years of accumulation.
Additional filings show a purchase of 1,142 BTC earlier this month at an average price near $78,815, totaling roughly $90 million. With Bitcoin recently trading around $68,000, the position reflects an estimated unrealized loss of close to $6 billion versus the stated cost basis.
Concentration Among Public Companies
Industry trackers estimate that public companies collectively hold about 1.13 million BTC, with Saylor’s firm accounting for nearly two-thirds of that total. Reports also indicate that January’s net new corporate Bitcoin purchases were heavily concentrated, with Saylor’s company representing more than 90% of the additions among public firms.
Roughly 200 public companies are reported to hold some Bitcoin, but buying remains dominated by a small group. One firm’s outsized role has drawn attention to the implications of concentrated corporate exposure in a market where liquidity and sentiment can shift quickly.
Long-Term Strategy and Market Debate
According to the company’s Q4 2025 filings, management follows a long-term accumulation strategy guided by a seven-year roadmap that targets growth in “Bitcoin per share” through 2032 across various yield scenarios. The approach is straightforward: buy on dips and avoid selling.
Supporters argue that disciplined, multi-year ownership of Bitcoin can mitigate currency debasement over time, framing paper losses as temporary if the investment thesis holds. Critics counter that concentrating a corporate balance sheet in a highly volatile asset introduces governance and risk-management challenges and could amplify market fragility if that stance ever changes.
Why It Matters
Saylor’s firm remains the most prominent corporate buyer in Bitcoin, and its accumulation strategy continues to influence both institutional sentiment and market structure. The company’s scale, cost basis, and stated intent not to sell underscore the growing role of public corporations in Bitcoin’s ownership base—and the debate over the risks and rewards of that exposure.