Institutions Add $4.6B to Strategy Holdings as Samson Mow Backs Volatility-Stripping Shares
Samson Mow highlighted Strategy’s preferred-share product as a volatility-stripping vehicle, and argued institutional buyers plus spot Bitcoin ETFs are outpacing miners’ supply. Q1 13F filings reveal top 15 institutions lifted Strategy’s holdings by $4.6B (27%), with a $1.92B increase from Capital International despite an 18% stock drop.
1. Samson Mow’s $1M Bitcoin Thesis
Samson Mow, CEO of JAN3, reiterated his belief that Bitcoin could reach $1 million, citing relentless institutional buying and constrained liquid supply. He highlighted that treasury firms and spot Bitcoin ETFs are already outpacing miners’ issuance, creating upward pressure on prices.
2. STRC Preferred Shares Product
Strategy’s preferred-share product strips volatility from Bitcoin by offering investors scalable exposure to price upside with reduced drawdowns. Mow described this vehicle as a “brilliant product” that can be replicated by other firms, potentially increasing demand for STRC shares.
3. Q1 Institutional Accumulation
Q1 Form 13F filings show the top 15 institutions increased Strategy holdings by $4.6 billion (27%), led by a $1.92 billion purchase from Capital International. Vanguard Portfolio and Capital Management added $967 million, BlackRock $377 million, and Defiance ETFs entered with $511 million, even as the stock fell 18%.
4. Market Implications
Sustained institutional demand and product innovation may support Strategy’s valuation going forward, especially if Bitcoin’s supply dynamics remain tight. The scale of recent inflows suggests confidence from both active and passive investors, potentially reducing share price volatility.