Key Points ：
- Michael Saylor shows no concern over the growing number of companies holding Ethereum—he sees it as part of an innovation boom.
- Bitcoin dominance remains at roughly 60.18%, with over 160 public companies now holding Bitcoin, up from about 60 six months ago.
- MicroStrategy (now “Strategy”) remains the largest corporate Bitcoin holder, with 628,791 BTC, valued at approximately ＄74.15 billion.
- Ethereum’s institutional holdings have grown to ＄11.77 billion, with Ether surging around 23% in the past 30 days.
- Saylor predicts Bitcoin will indefinitely outperform the S&P 500 and reiterates Bitcoin’s role as “digital capital.”
1. Innovation Explosion, Not Rivalry
In a recent Bloomberg interview, Michael Saylor expressed no worry regarding the rising number of corporate treasuries accumulating Ethereum. Rather than perceiving it as competition, he characterizes this trend as part of an “explosive innovation across the cryptocurrency economy,” which he believes benefits all participants in the digital asset ecosystem.
His attitude is clear: innovations surrounding altcoins—including Ethereum—may actually reinforce Bitcoin’s broader adoption, rather than threaten it.
2. Bitcoin’s Institutional Fortitude
Despite growing interest in Ethereum, Bitcoin continues to dominate, accounting for an estimated 60.18% of total cryptocurrency market capitalization.
Moreover, the number of public companies holding Bitcoin has surged from around 60 to over 160 within just six months—an indication of accelerating institutional confidence.
3. MicroStrategy’s Unrivaled Bitcoin Position
Under Saylor’s leadership, MicroStrategy—recently rebranded as Strategy—holds a staggering 628,791 BTC, worth approximately ＄74.15 billion, per BitcoinTreasuries.NET data.
This makes Strategy the largest corporate Bitcoin treasury by a substantial margin—over 12 times the holdings of the next largest, Marathon Digital.
4. Ethereum’s Accelerating Institutional Uptake
Meanwhile, institutional holdings of Ethereum (ETH) have reached approximately ＄11.77 billion, buoyed by a 23% price surge over the last 30 days.
This reflects growing investor appetite for ETH—in part driven by its smart contract functionality and growing utility.
5. Bitcoin as “Digital Capital” and Long-Term Asset
Saylor has confidently forecasted that Bitcoin will outperform the S&P 500 indefinitely, positioning it as a superior store of value and key component of digital capital.
He underscores Bitcoin’s scarcity and security advantages, setting it apart from yield-seeking assets like Ethereum that hinge on protocol-level returns.
6. Broader Market Context & Implications
- The Bitcoin dominance figure (≈60%) reinforces that, despite momentum in altcoins, capital inflows still heavily favor BTC.
- MicroStrategy’s massive Bitcoin trove and unyielding confidence signal to markets that institutional adoption is structural—not speculative.
- The growing institutional interest in Ethereum underscores the broader shift toward diversified crypto asset strategies—especially those with practical blockchain utility.
Summary
Michael Saylor’s latest statements deliver a clear message: Rise of Ethereum treasury adoption does not unsettle Bitcoin; instead, it signals a maturing, innovative crypto ecosystem. Bitcoin’s dominant market share, bolstered by strong corporate backing and strategic confidence, affirms its role as the foundational asset. As Ethereum garners institutional interest through utility-driven appeal, the crypto space embraces a more nuanced, diversified capital flow—yet Bitcoin remains the centerpiece of digital capital.
