Saylor Sees Growth Across the Crypto Economy

MicroStrategy Executive Chairman and Bitcoin maximalist Michael Saylor isn’t worried about the growing treasury interest in Ethereum and other cryptocurrencies.

Speaking to Bloomberg on Friday, Saylor said innovation in the broader crypto space benefits everyone.

“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 noted.

‘Laser-Like Focus’ on Bitcoin

Despite rising attention toward Ether, Saylor remains committed to Bitcoin.

“I still think the vast majority of capital flowing in the space is flowing into Bitcoin,” he added.

Bitcoin dominance — the percentage of the crypto market held by BTC — stands at 60.18%, according to TradingView.

Saylor also highlighted that the number of companies holding Bitcoin grew from 60 to 160 in the past six months.

“So I’m laser-like focused on Bitcoin,” he emphasized.

MicroStrategy Leads the Bitcoin Treasury Race

MicroStrategy holds 628,791 BTC, valued at about $74.15 billion, according to BitcoinTreasuries.NET.

The second-largest public holder, MARA Holdings, owns 50,639 BTC — over 12 times less than Saylor’s company.

Saylor predicts Bitcoin will outperform the S&P 500 “over the indefinite future.”

“I think Bitcoin is digital capital,” he said.

Ethereum Sees Institutional Surge

His comments came shortly after Bitcoin hit a new all-time high of $123,100 on July 14, before retreating to $118,035, per Nansen data.

Ether (ETH) trades at $4,224, up 23% in the last 30 days. This surge follows forecasts of a major rebound after ETH dipped below $2,000 in March.

Analysts point to growing institutional and ETF demand as key drivers of the price increase.

Public Companies Boost Ether Holdings

Cointelegraph reported Friday that the value of Ether held by public companies jumped to $11.77 billion.

• BitMine Immersion Technologies leads with 833,100 ETH worth $3.2 billion.

• SharpLink Gaming holds $2 billion in ETH.

• The Ether Machine owns $1.34 billion worth.

• The Ethereum Foundation and PulseChain round out the top five.

The Bottom Line

Michael Saylor’s Bitcoin focus remains unchanged, even as Ethereum gains institutional traction. He sees innovation in the wider crypto economy as positive, but still believes Bitcoin will dominate for years to come.