Michael Saylor’s Bitcoin treasury firm has significantly increased its Bitcoin holdings since the election of Donald Trump, amassing over 60% of its current total count in just nine months. After accumulating 376,571 Bitcoin, the firm now holds approximately 628,791 BTC, valued at $72.2 billion. This aggressive acquisition followed Trump's election, which facilitated a favorable regulatory environment for cryptocurrencies compared to the previous administration. Just last week, the firm made its third-largest purchase ever, acquiring Bitcoin worth $2.46 billion at an average price of $117,256 per coin. Saylor emphasized the importance of Bitcoin, describing it as a “freedom virus” and criticizing traditional finance for its hesitance in fully embracing Bitcoin. Strategy's profits soared to $10 billion in Q2, showcasing substantial confidence in the cryptocurrency market, as they aim to provide better returns through financial instruments linked to Bitcoin. With 3.16% of the total circulating Bitcoin supply, Saylor believes the adoption of Bitcoin will become standard among companies, similar to past technological advancements.

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