MicroStrategy has crossed the 500,000 Bitcoin threshold after its latest $4.2 billion purchase, making the company's Bitcoin holdings worth over $72 billion at current prices.

The Strategy

CEO Michael Saylor's aggressive accumulation strategy has made MicroStrategy the largest corporate Bitcoin holder by a factor of 10. The company's stock has outperformed the S&P 500 by 800% since its first Bitcoin purchase in 2020.

Copycat Effect

At least 30 public companies have now adopted Bitcoin treasury strategies following MicroStrategy's model, collectively holding over 800,000 BTC.