MicroStrategy’s relentless Bitcoin accumulation has put the company so far ahead that other public firms are unlikely to catch up, Bitcoin investor Anthony Pompliano argued on The Pomp Podcast this week. MicroStrategy currently holds 671,268 BTC — about 3.2% of Bitcoin’s 21 million supply — a stash valued at roughly $58.6 billion at the time of reporting, according to Saylor Tracker. The company announced Monday that it added another 10,645 BTC for $980.3 million, paying an average of $92,098 per coin. “Is it possible [for another public company to catch up]? Absolutely. Is it likely? I don’t think so,” Pompliano said. He called MicroStrategy’s share of supply “a big number, but it’s also a small number,” noting that it’s far from ownership levels like 10% that would be truly dominant. Pompliano pointed to the head start MicroStrategy’s CEO Michael Saylor secured in 2020, when the company’s initial Bitcoin purchases totaled about $500 million while BTC traded around $9,000–$10,000. At today’s prices — roughly $87,578 at the time Pompliano spoke — that original stake is now worth “over $4.8 billion,” he said. To match MicroStrategy’s cumulative buys, Pompliano argued, a rival public company would need to tap capital markets at scale — effectively raising “hundreds of billions” — or be an extraordinarily cash-generative business. The company’s growing on-chain footprint has raised questions about market influence. Some observers worry MicroStrategy’s holdings could sway price dynamics, though the firm has given mixed signals about future selling. CEO Phong Lee recently told CNBC the company likely won’t sell any Bitcoin until at least 2065, while Saylor has repeatedly signaled on X that he plans to “buy the top forever.” Market participants tend to interpret MicroStrategy’s purchases as bullish for Bitcoin. MicroStrategy executes its major buys through over-the-counter (OTC) desks, which are designed to absorb large orders with minimal market impact. As publicly traded Bitcoin treasuries become a recurring story, the gap between MicroStrategy’s mountain of BTC and what other corporations could realistically assemble highlights how decisive early, sustained accumulation can be in shaping institutional exposure to Bitcoin. Read more AI-generated news on: undefined/news

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