Co-Founder of Strategy Suggests Upcoming Bitcoin Acquisition

Strategy co-founder Michael Saylor indicated that Strategy would recommence Bitcoin (BTC) purchases on Monday following a week-long pause in acquiring the digital currency.

“Some weeks, you don’t merely HODL,” the executive noted on Sunday. The company did not acquire BTC last week but announced a capital raise of $4.2 billion. Prior to the break, Strategy amassed 12 consecutive weeks of BTC purchases.

Strategy’s latest BTC acquisition took place on June 30, when the firm purchased 4,980 BTC for $532 million, raising its total to 597,325 BTC, worth over $70.9 billion.

Company shares are currently trading at approximately $434 and have increased over 16% this month, yet still fall short of the all-time peak of $543 per share reached in November 2024.

Bitcoin treasury firms are now significant contenders in the Bitcoin market, acquiring BTC at a quicker pace than it is mined. This demand could lead to a supply shock and elevate prices, though some analysts caution that debt-driven institutional BTC purchases are unsustainable and may instigate a systemic market downturn.

Related: Strategy poised to report $13B Bitcoin gains, yet revenue stalls

Bitcoin treasury firms surpassing newly-mined supply

Bitcoin treasury companies acquired 159,107 BTC in Q2, led by Strategy, which stands as the largest corporate holder of BTC, as per BitcoinTreasuries.

At present, 3.5 million BTC are held in institutional treasuries, encompassing public companies, private entities, crypto businesses, governmental organizations, pension funds, and asset managers, data from the site indicates.

In April, Adam Livingston, the author of “The Great Harvest: AI, Labor, and the Bitcoin Lifeline,” asserted that Strategy is “synthetically halving” Bitcoin through swift accumulation of the digital currency.

Miners produce around 450 BTC daily, equaling approximately 13,500 BTC monthly, while Strategy has gathered 379,800 BTC over six months, according to Livingston.

“Strategy has accrued 379,800 in the last 182 days. That’s 2,087 BTC per day — significantly surpassing the miners,” Livingston remarked, while predicting the Bitcoin treasury firm to evolve into the “financial superpower” of the forthcoming era.

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