MicroStrategy Buys 34,164 BTC for $2.54B, Tops BlackRock’s 806,178 BTC
MicroStrategy holds 815,061 Bitcoin after buying 34,164 BTC for about $2.54 billion, overtaking BlackRock’s iShares Bitcoin Trust, which holds approximately 806,178 BTC. Research models project MicroStrategy could exceed Satoshi Nakamoto’s estimated 1.096 million BTC by November 2026 at its current purchase pace funded through 11.5% yield STRC equity offerings.
1. Latest Bitcoin Accumulation
MicroStrategy’s Bitcoin holdings reached 815,061 BTC after acquiring 34,164 BTC for roughly $2.54 billion, surpassing BlackRock’s iShares Bitcoin Trust, which holds about 806,178 BTC. This marks the largest single-company accumulation of Bitcoin and reinforces MicroStrategy’s strategy of building a digital asset treasury.
2. Projection to Surpass Satoshi
Research models indicate MicroStrategy could overtake Satoshi Nakamoto’s estimated 1.096 million BTC by November 2026 if the current purchase cadence remains unchanged. The projection underscores the company’s aggressive accumulation strategy and its position as a leading institutional Bitcoin holder.
3. Funding via STRC Offerings
Bitcoin purchases are funded through at-the-market equity offerings, notably the STRC preferred stock, which carries an 11.5% annualized yield. Critics argue dividends depend on new capital raises, but MicroStrategy discloses these risks and maintains Bitcoin’s required 2.05% annual appreciation would cover all STRC dividends indefinitely.