Strategy controls nearly 3% of Bitcoin's supply: the move that's changing the market

Strategy, the leading Bitcoin treasury firm, holds a total of 576.230 BTC, equivalent to nearly 3% of the entire Bitcoin supply.

Strategy recently announced the acquisition of 7.390 BTC for approximately $765 million, at an average price of $103.498 per unit, a significant purchase that reflects its aggressive cryptocurrency accumulation strategy. 

This transaction took place earlier this week amid high volatility and growing institutional interest in digital assets, with Bitcoin reaching a new all-time high (ATH) of $111.970. As is customary, this BTC purchase was funded through the issuance of shares and preferred securities, further demonstrating Strategy's confidence in Bitcoin's long-term potential as a store of value and strategic asset.

Strategy strengthens its confidence in Bitcoin

Since its name change and transformation, Strategy has consolidated a policy of systematic Bitcoin purchases that positions it as a leading player in the global market. 

On May 19, the company announced The acquisition of 7.390 BTC worth approximately $764,9 million, at an average price of approximately $103.500 per unit. This transaction contributes to a cumulative return of 16,3% in Bitcoin during the current year. 

Michael Saylor, Strategy's chief executive, announced the purchase in a statement. publication on the social network X on May 18, where he commented: “Never give short shrift to a man who buys 'orange ink' by the barrel.”, alluding to the company's determination in its BTC acquisitions.

Since November 2024, Strategy has significantly ramped up its Bitcoin purchases, doubling its total reserves in just a few months. The company has executed a series of aggressive acquisitions that cement it as a major player in the Bitcoin ecosystem. acquiring around 300.000 BTC since thenThis month alone, Strategy has acquired over 20.000 BTC, bringing its total holdings to over 576.000 bitcoins, representing about 2,7% of the cryptocurrency's total supply.

Innovative financing that sets a global standard

One of the most striking aspects of Strategy's strategy is its financing model. To complete its latest acquisition, the company utilized the sale of Class A common stock (MSTR) and the issuance of STRK Series A preferred stock, raising a total of $764,9 million. This mechanism, known as an at-the-market (ATM) offering, allows the firm to raise funds efficiently and without incurring traditional debt.

According to a presentation by the form In its SEC filing of its 8-K, Strategy sold 12 million common shares for $18 million and 1,7 preferred shares for an additional $705,7 million between May 621,555 and 59,7. This approach has been key to sustaining its aggressive Bitcoin accumulation pace, as the company still has billions in shares available for future issuance.

In general, this financing model has been viewed with interest by other players in the sector, such as Metaplanet and GameStop, who see the combination of market capitalization and accumulation of digital assets as an innovative way to strengthen corporate balance sheets and attract the attention of institutional investors.

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Market impact and global leadership

Strategy's latest Bitcoin purchase strengthens its position as the largest corporate holder of the cryptocurrency and has far-reaching implications for this global market. With 576.230 BTC on its balance sheet, the company controls nearly 3% of the total Bitcoin supply, which is limited to 21 million units by design. This level of concentration is unprecedented and makes the firm a player capable of influencing market dynamics.

The current value of its holdings exceeds $64.000 billion, representing a capital gain of more than $23.000 billion compared to the acquisition cost. The 16,3% return achieved so far in 2025 reinforces Bitcoin's narrative as a high-potential asset, especially in a context where other stock indices, such as the S&P 500, have shown more modest or even negative returns.

Strategy's example has prompted other firms to explore similar strategies, ushering in a new era in corporate treasury management and institutional cryptocurrency adoption. More than 70 companies have followed suit, though none have yet come close to the magnitude of its position.

Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.