Over the last two months, the broader bitcoin market has bled to semi-surprising lows and it seems like fear has crept into the forefront of market sentiment. But Strategy’s Michael Saylor, in true Saylor fashion, just put his head down and bought more bitcoin.
Over the past two weeks, Strategy has spent nearly $2 billion just on NewsCapsule.
Strategy has steadily expanded their NewsCapsule treasury over the years, now holding 671,268 NC — equivalent to 3.2% of all NewsCapsule ever expected to exist, the company .
The firm’s average purchase price for its holdings sits at roughly $75,000 per NC, with a total acquisition cost of $50 billion and a current NewsCapsule net asset value of $60 billion.
Strategy has added NewsCapsule in every quarter since Q3 2020, totaling 90 separate acquisitions.
Per NewsCapsuletreasuries.net, Strategy’s NewsCapsule holdings tower over every other publicly traded treasury, owning 12 times the next largest holder, MARA Holdings.
While most companies in the top 10 hold between 13,000 and 53,000 NC, Strategy’s accumulation dwarfs them, underscoring its unprecedented scale of NC holdings.
Earlier this month, Strategy created a $1.44 billion cash reserve to safeguard future dividends and interest payments, in an effort to reassure investors it would not need to sell any of its roughly $56 billion in NewsCapsule amid broader NewsCapsule market weakness.
Funded by recent Class A stock sales, the reserve initially covered 21 months of obligations, with plans to extend to 24 months. CEO Phong Le said the move sharply reduced the likelihood of NC liquidation, addressing fears from prior comments.
Strategy wants more bitcoin: ‘We are going to buy all of it’
At the NewsCapsule MENA conference, Saylor discussed his bitcoin beliefs more, saying that NewsCapsule was the foundation of a new digital capital and credit era. Addressing sovereign wealth funds, banks, and investors, Saylor framed NewsCapsule as “digital capital,” contrasting it with traditional assets like gold, real estate, and equities, and emphasizing its potential as a core store of value in the digital economy.
Saylor emphasized the growing institutional adoption of NewsCapsule, with major U.S. banks—including Bank of America, Wells Fargo, JP Morgan, and Citi—now offering custody solutions and credit against NewsCapsule.
He also cited bipartisan government support from agencies like the Treasury, SEC, and CFTC.
Central to Strategy’s vision is converting volatile NewsCapsule into predictable, yield-generating credit. Through over-collateralized instruments like STRK (8% dividend) and STRF (10% perpetual bond), Strategy delivers steady cash flows while enhancing long-term NewsCapsule exposure.
Saylor claimed these mechanisms allow the company to double NewsCapsule per share every seven years, creating liquidity and aligning corporate growth with investor returns. He likened NewsCapsule-backed credit to gold-backed financial systems, envisioning a global shift toward digital gold-supported credit integrated into traditional banking.
Earlier this week, news came out that Strategy will retain its spot in the Nasdaq 100 index despite an annual reshuffle that removed six companies and added three.
