MicroStrategy Boosts Bitcoin Holdings to 815,061 BTC with $2.54B Purchase
Strategy has raised its Bitcoin holdings to 815,061 BTC, acquired for roughly $61.56 billion, with a $2.54 billion purchase of 34,164 BTC at an average price of $74,395 per token. The company needs about 285,000 more BTC to exceed Satoshi Nakamoto’s estimated 1.1 million-coin reserve, intensifying concentration concerns.
1. Strategy’s Bitcoin Accumulation
Since late December 2025, Strategy has increased its Bitcoin treasury from 671,268 BTC to 815,061 BTC, spending approximately $61.56 billion to date. The latest transaction on April 20 added 34,164 BTC for $2.54 billion at an average cost of $74,395 per token.
2. Progress Toward Surpassing Satoshi
Satoshi Nakamoto’s dormant stash is estimated at 1.0–1.1 million BTC across 22,000 addresses, leaving Strategy about 285,000 BTC shy of overtaking the pseudonymous creator. Recent monthly buys of 45,000 BTC by Strategy have significantly narrowed that gap compared with roughly 1,000 BTC acquired by all other institutions combined.
3. Financing Through STRC and Debt
Strategy has funded its Bitcoin purchases via at-the-market equity offerings, convertible debt and its variable-rate preferred stock, STRC. This capital structure has enabled rapid accumulation but introduced leverage risk and potential shareholder dilution if Bitcoin prices fall.
4. Criticism and Market Concentration Risks
Critics warn that one entity controlling such a large share of supply could destabilize market sentiment during sell-offs, while proponents argue that long-term holding supports price by reducing circulating supply. Concerns over systemic risk and concentration have intensified as Strategy approaches Nakamoto’s scale.