Michael Saylor, co-founder and executive chairman of Strategy, has signaled the company’s return to Bitcoin accumulation following a one-week pause. After 12 consecutive weeks of BTC purchases, Strategy had temporarily halted buying, raising questions about its near-term strategy. Now, the company appears ready to resume aggressive acquisition of Bitcoin starting this week.
Latest Bitcoin Purchase Timeline
Strategy last bought 4,980 BTC on June 30, spending approximately $532 million, at an average price of around $106,807 per coin. This brought Strategy’s total holdings to 597,325 BTC, now valued at over $70.9 billion at current prices near $118,000.
“Some weeks, you don’t just HODL,” Saylor posted, teasing the return to active BTC buying.
The company also recently announced a $4.2 billion capital raise, likely earmarked for future Bitcoin purchases. This marks yet another instance of Strategy using debt and equity instruments to finance BTC acquisitions — a model it has now institutionalized.
Bitcoin Treasury Demand Outpaces Supply
According to BitcoinTreasuries data, Strategy is now the largest corporate holder of Bitcoin. It has acquired 379,800 BTC in just six months, averaging 2,087 BTC per day — more than four times the daily supply mined by all Bitcoin miners combined.
Miners currently produce about 450 BTC daily, or roughly 13,500 BTC monthly.
Bitcoin treasury companies as a whole — including public and private firms, ETFs, and funds — now hold over 3.5 million BTC, reflecting a growing trend of corporate-level adoption of Bitcoin as a treasury reserve asset.
Market Impact and Strategic Implications
This rapid rate of accumulation has prompted analysts to warn of a potential supply shock, especially if Bitcoin mining difficulty increases or halving effects deepen scarcity. Some market watchers caution, however, that debt-fueled BTC buying could be risky if asset prices correct or interest rates climb.
Adam Livingston, author of “The Great Harvest,” describes Strategy’s pace as “synthetically halving” Bitcoin, meaning its buying spree mimics the effects of reduced mining output.
Conclusion: Strategy Tightens Its Grip on Bitcoin
Michael Saylor’s Strategy is more than just a corporate investor — it’s becoming a macro-level force in Bitcoin price dynamics. As it resumes purchases this week, eyes are on how far the firm will go in accumulating more of the world’s finite BTC supply, and what long-term impact this could have on both the market structure and sovereign-level crypto strategy.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.