Bitcoin has moved from being a niche asset to a major topic in global finance, and much of that change can be linked to Michael Saylor. In August 2020, Saylor, then the CEO of MicroStrategy, took a bold step that surprised many. He invested $250 million of the company’s cash reserves into Bitcoin.
At the time, he argued that inflation and a weakening dollar made traditional cash reserves risky. This move turned out to be the spark that opened the door for corporations to start viewing Bitcoin as a serious treasury asset.
After the first purchase, MicroStrategy did not stop. The company added more Bitcoin, including $175 million, $50 million, and later $650 million funded through convertible notes. Within a short time, it had built a billion-dollar Bitcoin portfolio. Saylor explained that this was not a gamble but a way to preserve capital. He even compared Bitcoin to “Manhattan in cyberspace,” highlighting its rare and valuable qualities. Although critics warned about volatility and debt risks, the decision proved to be influential.
By 2021, Strategy had borrowed more than $2 billion to increase its Bitcoin holdings. This steady buying during both market highs and lows gave the impression that Bitcoin could be a reliable long-term store of value. The results spoke loudly.
Between 2020 and 2024, the company’s stock performed better than the S&P 500 and, at times, even better than Bitcoin itself. Investors began to see Strategy less as a software company and more as a proxy for Bitcoin investment. By early 2025, the firm owned more than 2 percent of the total Bitcoin supply, a stash worth over $50 billion.
This strategy encouraged other institutions to follow. In just the first five months of 2025, companies and large investors spent more than $25 billion on Bitcoin. When Strategy bought 10,100 BTC worth over a billion dollars in June 2025, it further confirmed its leadership in corporate adoption. On-chain data showed coins being pulled from exchanges into cold storage and whale wallets continuing to grow, suggesting a tightening supply.
At the same time, Bitcoin’s price action reflected strong demand. Trading at around $116,000, Bitcoin has broken out of a recent downtrend. Technical indicators such as support near $114,000 and resistance above $119,000 show that the market leans bullish. Analysts believe prices could move toward $130,000 if the accumulation trend continues.
The story of Michael Saylor and MicroStrategy is no longer just about one company. It has created a wider conversation on how businesses should handle their cash reserves. What once seemed like a risky move is now considered a possible blueprint for the future. If more companies follow this model, Bitcoin may become not just a speculative asset but a standard tool in corporate finance.
You can bet that firms like MARA Holdings Inc. (NASDAQ: MARA) will be keeping a close eye on the way corporate entities are shifting their perception of BTC and adding it to their reserves.
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