GOLD OVERTAKES TREASURYS IN CENTRAL BANK RESERVES
Gold became the largest central bank reserve asset at the end of 2025, accounting for 27% of global reserves, ahead of U.S. Treasurys at 22%. The shift was driven largely by soaring gold prices. Demand remains strong, led by China, whose central bank has expanded its gold holdings for 18 consecutive months as countries continue to diversify reserves.
Michael Saylor points out the real task at hand for Strategy:
“It’s clear that Bitcoin is digital capital.”
“At least one of the killer apps of Bitcoin is Digital Credit.”
“Digital credit actually has a better risk adjusted return than every other asset class there is. Twelve months ago, I couldn’t tell you that.”