Strategy co-founder Michael Saylor indicated the company has entered its 11th consecutive week of Bitcoin purchases, a streak that started on April 14.
Addressing his 4.4 million followers on X, Saylor stated, “In 21 years, you’ll wish you’d bought more.” Over the past year, he has gained nearly 1 million new followers on the platform.
The latest acquisition occurred on June 23, when Strategy bought 245 BTC for $26 million, increasing its total holdings to 592,345 BTC. The portfolio is valued at over $63.6 billion, making Strategy the largest known corporate Bitcoin holder globally.
According to BitcoinTreasuries, Strategy holds more than twice the BTC amount of the top 20 public Bitcoin treasury companies combined.
Market analysts debate whether Strategy’s rapid Bitcoin accumulation could trigger a supply shock and drive prices higher. Conversely, some express concerns about the sustainability of corporate Bitcoin treasuries funded by debt and equity, warning this could contribute to future market downturns.
A recent report by venture capital firm Breed suggests only a few Bitcoin treasury companies will survive a significant price drop. The strongest companies are expected to acquire distressed competitors, leading to consolidation.
Breed’s report highlights that newer treasury companies face higher risks due to tougher capital-raising conditions and leverage, whereas Strategy’s size and previous experience with bear markets enhance its resilience.
Strategy maintained Bitcoin purchases even during downturns, a strategy Breed identifies as critical for successful BTC treasury companies.
Investor and analyst Jeff Walton recently projected a 91% chance that Strategy will join the S&P 500 by the second quarter of 2025.
Disclaimer: This article does not provide investment advice. All investments carry risks, and readers should conduct their own research.