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Michael Saylor says owning 628k BTC or 7% of supply is competitive as 160 firms now HODL

Michael Saylor downplays fears of Bitcoin hoarding, emphasizing opportunities for corporate and individual participation.

CryptoSlate

Aug 2

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Crypto’s momentum shows no signs of slowing as Bitcoin ownership grows more competitive, tokens multiply exponentially, and decentralized exchanges break new ground. Michael Saylor highlights that holding 7% of all BTC is a strategic position amid a surge of corporate investors. Meanwhile, token launches on Solana, Base, and BNB Smart Chain have ballooned the market from 20,000 to nearly 19 million tokens, even as value remains concentrated. Decentralized exchanges hit a historic $1 trillion trading volume in July, led by Hyperliquid’s dominance in perpetual futures. Stay tuned as these trends reshape the crypto frontier.

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The global crypto market cap is $3.66 trillion, with a 24-hour volume of $148.99 billion. The price of Bitcoin is $112,991.79, and BTC market dominance is 61.5%. The price of Ethereum is $3,463.97, and ETH market dominance is 11.4%. The best-performing sector is Insurance, which gained 116%. The Crypto Fear & Greed Index is currently Neutral (55).