The numbers tell a story of unprecedented accumulation. While other corporations debate whether to add cryptocurrency to their balance sheets, Michael Saylor’s company, Strategy, has already secured a position that rivals will struggle to match. Anthony Pompliano, a Bitcoin entrepreneur, believes that competitors will find it nearly impossible to match Strategy’s massive digital asset portfolio. Speaking on his podcast this week, Pompliano didn’t shy away from the difficulty of replicating what Saylor has pulled off through years of relentless buying.
At the time of writing, Strategy holds 671,268 Bitcoin—roughly 3.2 percent of the cryptocurrency’s fixed 21 million supply. At current prices, the value of the holdings exceeds $58 billion.
The Math That Makes Catching Up Nearly Impossible
Although Pompliano acknowledged that other public companies could theoretically match Strategy’s position, the financial reality presents a significant challenge. The real problem is timing and returns. When Saylor kicked off his Bitcoin strategy back in 2020, he put in roughly $500 million while the cryptocurrency traded between $9,000 and $10,000 per coin.
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That initial bet is now worth more than $4.8 billion—a tenfold return that would force competitors to scrape together hundreds of billions in capital to replicate. “You gotta raise hundreds of billions of dollars, or you got the greatest business in the world that’s throwing hundreds of billions of dollars,” Pompliano said. Some companies could access capital markets for funding, but doing so requires a significant scale.
Long-Term Hold Strategy Addresses Market Concerns
Some people worry about Strategy’s growing influence over Bitcoin’s price, given how much of it they own. But company CEO Phong Lee recently said the firm won’t even think about selling any of its Bitcoin until 2065 at the earliest. Saylor has consistently emphasized this point, expressing his intention to continue “purchasing the top forever.”
Most market watchers see Strategy’s purchases as positive news for Bitcoin’s prospects. The company handles its big buys through over-the-counter desks, which manage large transactions without rattling the market.
Pompliano pointed out that 3.2 percent is “a significant number, but it’s also a small number”—it’s not like they own 10 percent. Still, Strategy’s early start and massive gains have given it an edge that looks unbeatable among public companies.
