Amid the rise of treasury companies focusing on altcoins, MicroStrategy co-founder Michael Saylor affirms his commitment to Bitcoin.
Saylor is not worried and sees the increasing acceptance of altcoins as part of a broader 'innovation explosion' in the digital asset field - which he believes will ultimately strengthen the entire industry, including Bitcoin.
Bitcoin Above All: Michael Saylor's Focus Amid the Altcoin Fever
In a Bloomberg interview, the Bitcoin advocate emphasized that despite the growing interest in altcoins, most capital is still flowing into Bitcoin.
"So, I'm focused like a laser on Bitcoin," he said.
Strategy's co-founder revealed that the number of companies adding Bitcoin to their treasury has more than doubled in just six months, from around 60 to 160. Moreover, Saylor calls Bitcoin a 'digital capital.'
He predicts it will outperform the S&P 500 in the long term.
"I think it's the most obvious global monetary commodity in the world today. So, it's the lowest risk, highest return, simplest strategy if you want to outperform the S&P and if you want to bring life and performance to your balance sheet," Saylor added.
His latest comments came after Strategy announced its third-largest Bitcoin purchase. From 07/28 to 08/03, the company bought 21,021 BTC for $2.46 billion. The company, the largest public BTC holder, now has 628,791 BTC valued at $74.33 billion.
Strategy's Bitcoin bet has proven beneficial. In Q2, the company reported a net income of $10.02 billion, a change from the losses reported in the first quarter.
End of Bitcoin-Only Treasury? How ETH is Capturing Attention
Despite Saylor's unwavering belief in Bitcoin, Ethereum is becoming the next preferred choice for many institutional investors. Moreover, their belief is not without reason.
Industry leaders point out its adaptability, developing ecosystem, and diverse applications - from tokenization to enterprise solutions - as factors driving long-term confidence. In fact, Standard Chartered's Geoff Kendrick argues that Ethereum-focused treasury companies are "more meaningful" than their Bitcoin counterparts. The reason, he explains, is
"Due to staking yields, DeFi leverage. And from a regulatory differential perspective, they are also more meaningful compared to their BTC counterparts."
Additionally, Shawn Young, Head of Research at MEXC Research, recently told BeInCrypto that the industry has moved beyond the era of Bitcoin-only corporate treasuries.
"Companies are increasingly diversifying through ETH, SOL, BNB, and TON, viewing them as strategic assets aligned with the evolving digital financial structure. This marks a significant difference from traditional institutional financial strategies. Companies are beginning to adjust their treasury portfolios with the operational logic of native crypto ecosystems, prioritizing liquidity, programmability, and exposure to on-chain growth areas," Young mentioned.
He explained that publicly disclosed companies revealing their digital assets are setting a new standard. According to Young, companies integrating cryptocurrencies into their treasuries today can help shape new corporate standards in the coming years.
