Corporate Hoarders: Strategy Leads
Michael Saylor's Strategy holds over 600,000 BTC, more than any other public company on Earth.
The top 3
- Saylor's All-In Bet: Strategy (ex-MicroStrategy) turned a software firm into a leveraged Bitcoin holding vehicle from 2020 on.
- The Rest of the Corporate Leaderboard: Miners like Marathon (MARA) and payment firms like Block trail far behind Strategy's stack.
- The mNAV Risk: Bitcoin treasury stocks often trade at a premium to the coins they hold, a bet that can unwind fast.
Sources
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