Michael Saylor Unfazed by Rising Ethereum Treasury Holdings
Michael Saylor, executive chairman of Strategy and a staunch Bitcoin advocate, remains unconcerned about the increasing number of companies adding Ether and other cryptocurrencies to their treasuries. He asserts that Bitcoin will continue to outperform the S&P 500 for the “indefinite future,” regardless of this trend.
Speaking in a recent Bloomberg interview, Saylor described the broader surge of innovation across the digital asset market as a positive development for the entire crypto ecosystem. “I think there is an explosion of innovation across the entire crypto economy, and on the margin, it is good for everybody in the digital asset space,” he stated.
Saylor Maintains a “Laser-Like Focus” on Bitcoin
Saylor emphasized that Bitcoin still dominates capital inflows within the crypto market. At present, Bitcoin’s dominance – which reflects its market share relative to the overall crypto market – stands at 60.18%, according to TradingView data.
Over the past six months, the number of companies holding Bitcoin has more than doubled, jumping from around 60 to 160. Strategy remains the largest public holder of Bitcoin, with an impressive 628,791 BTC valued at approximately $74.15 billion, according to BitcoinTreasuries.NET. By comparison, MARA Holdings, the second-largest holder, has about 50,639 BTC – over twelve times less.
Reiterating his confidence, Saylor predicted Bitcoin will continue to outpace the S&P 500 well into the future. “I think Bitcoin is digital capital,” he affirmed.
Institutional Interest in Ether Sees Significant Growth
Saylor’s comments arrive just weeks after Bitcoin hit a new all-time high of $123,100 on July 14, before retracing to $118,035, according to Nansen. Ether, meanwhile, has been on a strong upward trajectory, trading at $4,224 at press time – a 23% increase over the past month. This rally followed forecasts from market analysts who had predicted a major rebound after Ether’s dip below $2,000 in March.
Institutional and ETF demand has played a key role in fueling Ether’s recent surge. The market value of publicly traded companies holding Ether has now climbed to $11.77 billion, led by BitMine Immersion Technologies and SharpLink Gaming. BitMine alone controls 833,100 ETH worth roughly $3.2 billion, making it the fourth-largest crypto holding among public companies.
SharpLink holds approximately $2 billion in ETH, while The Ether Machine owns $1.34 billion. The Ethereum Foundation and PulseChain round out the top five holders, reflecting a broader trend of growing corporate interest in Ethereum’s long-term potential.
