Saylor’s Bitcoin Stash Tops Banks and Nations!

Strategy grew its Bitcoin treasury to $77.4 billion, outpacing major banks and national GDPs!

Author

Danielle du Toit
October 03, 2025

Here's what we've got for you today:

  • Strategy’s Bitcoin Value Soars to Record $77.4B as BTC Returns to $120K

  • JPMorgan Sees Bitcoin Hitting $165,000 by Year-End on Retail-Led 'Debasement Trade'

  • Crypto Miners in New York Face New Energy Tax Proposal

  • Australian Solana Treasury Buys Over 200 Million PUMP Tokens

Michael Saylor’s Strategy Inc. grew its Bitcoin treasury to $77.4 billion, outpacing major banks and national GDPs.

  • Michael Saylor’s Strategy Inc. now holds 640,031 BTC valued at $77.4 billion, nearly double its 2024 valuation.

  • The stash equals 3.2% of Bitcoin’s circulating supply, is worth more than the market cap of major banks, and even rivals some nations’ GDPs.

  • Strategy aggressively accumulated Bitcoin, and bought 11,085 BTC over seven weeks.

JPMorgan predicts Bitcoin could hit $165,000 by year-end, as the crypto is now undervalued compared to gold.

  • JPMorgan analysts project Bitcoin could climb to $165,000 by year-end, due to its undervaluation compared to gold on a volatility-adjusted basis.

  • The Bitcoin-to-gold volatility ratio has dropped below 2.0, suggesting Bitcoin will need a 42% price increase to align with gold’s $6 trillion private investments.

  • Analysts say Bitcoin shifted from being $36K overvalued in late 2024 to now being about $46K undervalued relative to gold.

📜 Crypto Miners in New York Face New Energy Tax Proposal

New York is moving to impose a tiered energy tax on crypto miners to push the industry toward renewable energy.

  • New York Senator Liz Krueger proposed a new tiered excise tax on crypto mining energy use, ranging from 2 to 5 cents per kWh.

  • Mining operations using 100% renewable energy would be exempt, which supports the state’s clean energy push after the 2024 fossil fuel mining moratorium.

  • The bill was proposed as miners already face tight profit margins, rising costs, and higher network difficulty.

Fitell Corporation bought 216.8 million PUMP tokens worth $1.5 million.

  • Australia-based Fitell Corporation expanded its crypto holdings after buying 216.8 million PUMP tokens for $1.5 million.

  • PUMP is the native token of Solana-based meme coin launchpad Pump.fun, and surged over 90% in the past month.

  • The move follows Fitell’s $100 million convertible note facility, with $10 million previously allocated to buying SOL.

👀 QUICK NEWS

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