That all changed in 2020, when MicroStrategy's co-founder and then-CEO Michael Saylor directed it to buy 21,454 Bitcoin s (CRYPTO: BTC) for $250 million. It then accumulated more Bitcoin each year, and it held 450,000 Bitcoins as of Jan. 13.

The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.

On Jan. 21, MicroStrategy ( MSTR, Financial) will vote to boost its authorized Class A common share count from 330 million to 10.3 billion. The move is to raise $2 billion of funds from its preferred stock offering in order to secure money for its Bitcoin (BTC) acquisition strategy.

"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.

Bitwise Chief Investment Officer Matt Hougan argued on Tuesday that associating the Bitcoin (CRYPTO: BTC) Treasury reserve strategy solely with MicroStrategy Inc. (NASDAQ:MSTR) would be inaccurate, as companies buying the apex cryptocurrency is now a “bona fide megatrend.

The MicroStrategy CEO is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.

MicroStrategy, the largest corporate holder of Bitcoin, revealed a fresh acquisition of 1,070 BTC made during the final two days of 2024. The announcement, made on January 6, highlighted that the company spent approximately $101 million on December 30 and 31,

Software firm MicroStrategy and its co-founder Michael Saylor have become synonymous with Bitcoin. Here’s everything you need to know.

MicroStrategy Inc. co-founder and executive chairman Michael Saylor met the entire incoming cabinet of the incoming Donald Trump administration during the first-ever "Crypto Ball" on Friday, January 17.

Looking for the next big cryptocurrencies? Discover the top contenders for 2025. Learn about their potential, unique features, and why they're worth your attention.

MicroStrategy Inc. is considering perpetual preferred stock to fund its Bitcoin strategy, aiming to offer 1.5x returns and volatility. Trump admin may support crypto industry and repeal SEC rule.

MicroStrategy has further solidified its position as a leading corporate Bitcoin holder by purchasing another 2,530 BTC.