Michael Saylor: Corporate Bitcoin Adoption 'Necessary, Inevitable, Welcome' as Public Companies Hold 1.263M BTC

BTC1.14%

According to Bitcoin.com News, Michael Saylor said on July 18 that corporate bitcoin adoption is 'necessary, inevitable, and welcome' for bitcoin to succeed as a global monetary network. The MicroStrategy Executive Chairman posted on X that corporations provide the legal structure, scale and continuity bitcoin needs.

Public companies held approximately 1.263 million BTC worth $80.82 billion, with MicroStrategy controlling 843,775 BTC or about 66.8% of public-company holdings. The company has sold 3,620 BTC to fund preferred-stock dividend payments, confirming bitcoin can serve as liquidity support alongside long-term asset exposure.

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