Strategy has significantly accelerated its Bitcoin acquisition strategy, accumulating over 597,000 BTC valued above $70 billion. This places the firm as a major institutional holder amidst a rising corporate trend towards Bitcoin treasuries.
Currently acquiring Bitcoin at a rate exceeding 2,000 BTC per day, Strategy’s consistent buys are creating a substantial drag on readily available supply. Analysts observe this aggressive purchasing effectively ‘synthetically halves’ Bitcoin’s liquid circulating supply.
The firm’s accumulation drive includes a brief pause following a significant $4.2 billion capital raise, yet it resumed purchases swiftly. Strategy contributed notably to the overall Bitcoin acquisitions by public companies, which totaled 159,107 BTC in the recent quarter according to industry reports.
Despite strong performance showing Strategy’s shares up over 16% this month, questions emerge regarding the long-term viability of its strategy. Financial analysts caution about the sustainability of debt-driven Bitcoin accumulation and potential implications for market stability should strategy shift or slow.
Strategy’s significant holdings and persistent demand continue to exert considerable upward pressure on Bitcoin’s price trajectory.