Economist and Bitcoin author Saifedean Ammous believes that even if Michael Saylor’s company Strategy ended up owning nearly half of all Bitcoin
Speaking on April 25 in an interview with Anthony Pompliano, Ammous said that in a situation where Strategy held 10 million BTC, the most likely outcome is that the company would use the BTC as leverage to buy more—not try to change the system.
He explained that it would not make sense for someone holding that much Bitcoin to push for a change in the protocol, like increasing the total supply.
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At the time of the interview, Strategy holds 538,200 BTC, worth about $50 billion, according to Saylor Tracker. Meanwhile, BlackRock’s iShares Bitcoin ETF manages around 585,000 BTC, with a value close to $54.5 billion.
The two groups control roughly 5.3% of Bitcoin’s total supply. Ammous said this amount is not something to worry about because Bitcoin is not directly owned by Saylor or BlackRock CEO Larry Fink. Instead, they are held for investors—either shareholders of Strategy or people holding shares in the exchange-traded fund (ETF).
He added that these companies are responsible for managing the assets on behalf of their investors. As long as they continue to act in the best interest of those investors, things should remain stable.
Meanwhile, during a Strategic Bitcoin Reserve Summit 2025 on April 15, Matthew Sigel, head of research at VanEck, introduced a new product called BitBonds. What is it? Read the full story.
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