Michael Saylor is still all-in on Bitcoin — even as more companies begin adding altcoins to their balance sheets.
The co-founder of Strategy (formerly MicroStrategy) told Bloomberg that the rise of altcoin-focused corporate treasuries isn’t a threat to Bitcoin. In his view, it’s part of a broader “explosion of innovation” in the digital asset space, one that ultimately benefits the sector as a whole.
“I’m laser-like focused on Bitcoin,” Saylor said, adding that most institutional capital still flows into BTC.
Corporate Bitcoin Adoption Keeps Climbing
Saylor revealed that the number of companies holding Bitcoin in their treasuries has more than doubled in just six months — from around 60 to 160. He described BTC as “digital capital” and predicted it will outperform the S&P 500 over the long term.
“I think it’s the clear global monetary commodity in the world right now,” he said. “It’s the lowest-risk, highest-return, most straightforward strategy if you want to inject vitality and performance into your balance sheet.”
His comments came shortly after Strategy disclosed its third-largest Bitcoin purchase. Between July 28 and August 3, the company bought 21,021 BTC for $2.46 billion, bringing its total holdings to 628,791 BTC worth roughly $74.33 billion. The firm’s Bitcoin bet has been profitable — in Q2, it reported net income of $10.02 billion after a loss in the first quarter.
Ethereum and Diversified Treasuries on the Rise
While Saylor remains committed to Bitcoin, Ethereum is increasingly finding favor among institutional treasuries. Advocates point to its staking rewards, integration with decentralized finance (DeFi), and flexibility for tokenization and enterprise use cases.
Standard Chartered’s head of digital asset research, Geoff Kendrick, argued that Ethereum-focused treasuries “make more sense” in some cases because of their yield potential and regulatory advantages compared to Bitcoin holdings.
Shawn Young, chief analyst at MEXC Research, said the market has moved beyond the “Bitcoin-only” era:
“Companies are increasingly diversifying across ETH, SOL, BNB, and TON, treating them as strategic assets aligned with the evolving structure of digital finance.”
Young added that public disclosure of crypto treasury holdings is setting a new standard. Firms adopting diversified portfolios now, he said, could help define corporate finance strategy in the years ahead — prioritizing liquidity, programmability, and exposure to on-chain growth sectors.
A Converging Future
For Saylor, Bitcoin remains the bedrock. For others, diversification is the strategy. But both approaches point toward the same trend: cryptocurrencies are no longer a fringe experiment in corporate finance — they’re becoming a mainstream asset class, and treasury strategies are evolving to match.
