Strategy’s long-term accumulation makes matching its Bitcoin position unlikely for public firms
Michael Saylor’s company, Strategy, has built one of the largest Bitcoin positions in corporate history, and industry observers say replicating that scale would be extremely difficult. The firm’s sustained accumulation strategy, combined with early market entry, has created a gap that few public companies are positioned to close.
Strategy Controls a Significant Share of Bitcoin Supply
Strategy currently holds 671,268 Bitcoin, representing roughly 3.2% of Bitcoin’s fixed 21 million supply. At recent market prices, the holdings are valued at approximately $58 billion. The company’s most recent acquisition added 10,645 Bitcoin for $980.3 million, purchased at an average price of $92,098 per coin.
While it is technically possible for another public company to build a similar position, doing so would require raising hundreds of billions of dollars or operating a business capable of generating extraordinary excess cash flow.
A key factor behind Strategy’s lead was its initial Bitcoin investment in 2020, when prices ranged between $9,000 and $10,000. That early $500 million purchase alone is now worth several billion dollars, giving the company a compounding advantage that later entrants lack.
Concerns about concentration risk persist, but company leadership has stated that Bitcoin sales are unlikely before 2065. Additionally, Strategy executes purchases through over-the-counter desks, limiting direct impact on market prices. As a result, many investors view the firm’s ongoing accumulation as a long-term bullish signal for Bitcoin rather than a destabilizing threat.
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.