MicroStrategy stands as the largest corporate Bitcoin holder in the world, and understanding how much Bitcoin does MicroStrategy own reveals one of the most aggressive corporate crypto strategiesMicroStrategy stands as the largest corporate Bitcoin holder in the world, and understanding how much Bitcoin does MicroStrategy own reveals one of the most aggressive corporate crypto strategies
MicroStrategy stands as the largest corporate Bitcoin holder in the world, and understanding how much Bitcoin does MicroStrategy own reveals one of the most aggressive corporate crypto strategies ever executed.
This company has transformed from a business intelligence software provider into a Bitcoin treasury powerhouse, accumulating hundreds of thousands of BTC over the past five years.
In this article, you'll discover MicroStrategy's exact Bitcoin holdings, how the company finances these massive purchases, and why this matters for the broader cryptocurrency market.
Key Takeaways
MicroStrategy owns 687,410 BTC as of January 18, 2026, making it the world's largest corporate Bitcoin holder with over 3% of total supply.
The company has invested $33.139 billion at an average price of $66,384.56 per bitcoin through zero-coupon convertible notes and equity offerings.
Michael Saylor personally holds 17,732 BTC purchased at an average price of $9,882, demonstrating personal conviction beyond corporate strategy.
Strategy's aggressive Bitcoin acquisition model has inspired other companies like Trump Media and GameStop to explore similar treasury strategies.
The company's Nasdaq-100 inclusion in December 2024 forced billions in passive fund purchases, though its stock premium has compressed significantly since late 2025.
Wall Street analysts remain divided on sustainability, with critics citing dilution concerns and supporters arguing traditional banks cannot replicate the model.
The company has invested a total of $33.139 billion to acquire this massive position, with an average purchase price of $66,384.56 per bitcoin.
At current market prices, these holdings represent over 3% of Bitcoin's total supply of 21 million coins.
To put this in perspective, only BlackRock's iShares Bitcoin Trust and Satoshi Nakamoto's estimated holdings surpass MicroStrategy's position.
The company officially rebranded from MicroStrategy to Strategy in February 2025, reflecting its complete strategic pivot toward Bitcoin as its primary treasury asset.
This rebranding included a new orange-themed logo featuring Bitcoin's "B" symbol, cementing the company's identity as what founder Michael Saylor calls a "Bitcoin Treasury Company."
MicroStrategy's Bitcoin buying spree shows no signs of slowing down in 2026.
On January 12, 2026, the company executed its largest single purchase in weeks, acquiring 13,627 BTC for approximately $1.247 billion.
Just days earlier, on January 5, 2026, Strategy added another 1,283 bitcoins to its treasury for $116 million.
Between these two transactions alone, the company deployed over $1.36 billion in capital within a single week.
Michael Saylor posted a cryptic message on social media featuring the phrase "Bigger Orange," which market analysts widely interpret as a signal that an even larger Bitcoin acquisition may be imminent.
Industry observers believe Strategy is positioning to push its holdings above the 700,000 BTC threshold, which would further solidify its dominance as the world's leading corporate Bitcoin holder.
Understanding how much does MicroStrategy own in Bitcoin requires examining the sophisticated financial engineering behind these acquisitions.
The company primarily relies on zero-coupon convertible notes, which allow Strategy to borrow money without paying regular interest.
These convertible bonds give investors the option to convert their debt into company stock at a premium price, effectively providing Strategy with free capital if the stock price rises.
Michael Saylor describes this approach as an "infinite money glitch," arguing that borrowing cheap fiat currency to purchase scarce Bitcoin creates leveraged exposure to digital gold.
However, this strategy carries significant risks—the model only works if Bitcoin's price continues appreciating faster than the cost of dilution to existing shareholders.
Michael Saylor's personal transformation mirrors his company's dramatic pivot to Bitcoin.
In 2013, Saylor tweeted that Bitcoin's "days are numbered," comparing it to online gambling that would eventually fade away.
Fast forward to 2020, and the COVID-19 pandemic became Saylor's turning point—watching governments print trillions of dollars convinced him that cash was a "melting ice cube" losing value through inflation.
Saylor personally owns 17,732 BTC, which he purchased for approximately $175 million at an average price of $9,882 per bitcoin.
His willingness to invest his own wealth demonstrates genuine conviction in the Bitcoin thesis beyond corporate strategy.
Saylor now describes Bitcoin as "the next Strategic Reserve Asset" and frequently appears in media interviews advocating for Bitcoin as superior to traditional cash holdings for corporate treasuries.
MicroStrategy's Bitcoin holdings matter because they've created a new corporate playbook that other companies are now studying and attempting to replicate.
The company's stock (MSTR) essentially functions as a leveraged Bitcoin proxy, allowing traditional investors to gain Bitcoin exposure through their brokerage accounts without directly purchasing cryptocurrency.
Other high-profile companies, including Trump Media & Technology Group and GameStop, announced plans in 2025 to raise capital for Bitcoin treasury strategies modeled after Strategy's approach.
However, the strategy faces ongoing skepticism from Wall Street analysts who point to significant risks.
TD Cowen downgraded its MSTR price target from $500 to $440 in late 2025, citing declining "Bitcoin Yield"—a metric measuring how much Bitcoin exposure each share provides after accounting for dilution.
In late November 2025, Forbes reported that Strategy's shares had dropped 60% from their peak, with market capitalization falling to $49 billion while Bitcoin holdings were worth $56 billion.
This represents a significant compression of the premium investors previously paid for MSTR's leveraged Bitcoin exposure.
Some critics argue that the strategy becomes unsustainable if Bitcoin enters an extended bear market, potentially forcing asset sales or painful refinancing that would dilute shareholders.
Yet supporters like Bitcoin analyst Shagun Makin argue that traditional banks "can't copy the model without breaking their own balance sheets," suggesting Strategy has engineered a structural advantage that legacy finance cannot easily replicate.
MicroStrategy is the largest corporate Bitcoin holder, but Satoshi Nakamoto's estimated 968,452 BTC and BlackRock's IBIT fund hold more.
Why did MicroStrategy change its name to Strategy?
The company rebranded to Strategy in February 2025 to reflect its strategic shift toward becoming a Bitcoin Treasury Company.
How does MicroStrategy make money?
Strategy still operates business intelligence software services generating approximately $463 million annually, but its primary value proposition is now Bitcoin treasury management.
Can MicroStrategy sell its Bitcoin?
Yes, Strategy can sell Bitcoin—the company sold 704 BTC in December 2022, its only documented sale to date.
MicroStrategy's 687,410 BTC position represents the boldest corporate Bitcoin bet in history.
Whether this strategy proves sustainable or becomes a cautionary tale depends entirely on Bitcoin's long-term trajectory.
For investors seeking Bitcoin exposure through traditional markets, understanding how much Bitcoin does MicroStrategy own provides crucial context for evaluating MSTR as an investment vehicle.
If you're interested in gaining Bitcoin exposure similar to institutional investors, consider exploring cryptocurrency trading platforms like MEXC, where you can purchase Bitcoin directly and maintain full control over your digital assets.
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This article is provided by MEXC for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets involve significant risk. Please conduct independent research or consult a qualified professional before making any investment decisions. The views expressed do not necessarily represent those of MEXC or its affiliates.