Michael Saylor's Strategy witnessed its market cap exceed £59.06 billion ($80 billion) due to its bitcoin accumulation strategy. Strategy has become the largest corporate holder of bitcoins, with over 580,000 BTCs worth over £24 billion ($33 billion), as its shares jumped over 100% in the past year.
Strategy's bitcoin play has triggered a trend of diverse companies worldwide, including Trump Media, Tesla, GameStop, Tether, SoftBank, Riot Platforms, Acurx Pharma, Strike, and Metaplanet, starting to add bitcoin to their balance sheets. These developments emerged as bitcoin prices surged to record highs of £82,691 ($112,000) in recent days.
