After
a brief, one-week pause, the corporate world's most aggressive Bitcoin accumulator is back in the market. "Strategy"—formerly known as MicroStrategy—co-founder Michael Saylor has signaled that the company will resume its Bitcoin purchases today, Monday, following a massive new
capital raise.
On
Sunday, after announcing a successful $4.2 billion capital raise, Saylor cryptically wrote, "Some weeks
aren't for HODLing," a clear indication that the company's buying spree is
about to restart.
The Buying Machine Reboots
The
company had refrained from purchasing Bitcoin last week, breaking a remarkable 12-week streak
of continuous accumulation. The brief pause appears to have been a strategic
move to secure fresh capital for even larger acquisitions.
According
to CoinMarketCap data, reviewed by Al Arabiya Business, MicroStrategy's last
purchase was on June 30, when it acquired 4,980 BTC for $532 million. This latest round of buying will add to its
already colossal treasury.
The
company now holds a staggering 597,325 BTC, valued at over $70.9 billion at current prices. This makes
"Strategy" by far the largest corporate holder of Bitcoin in the world, treating the digital asset as its
primary treasury reserve.
While
the company's stock is trading at $434, up 16% this month, it remains below its all-time
high of $543 set in November, suggesting some investors are still weighing the
aggressive, all-in strategy.
Outpacing the Miners: A Massive Supply Shock
The
scale of MicroStrategy's operation is having a profound impact on the Bitcoin market's supply-and-demand dynamics. During the
second quarter, corporate treasuries collectively purchased 159,107 BTC, far exceeding the newly mined supply over the
same period.
MicroStrategy
alone is a dominant force. The company is accumulating Bitcoin at an average rate of 2,087 BTC per day. This figure dwarfs the daily production of Bitcoin miners, who currently generate approximately 450 new BTC per day following the last halving event.
This
means a single company is absorbing nearly five times the entire new daily supply of the world's
leading cryptocurrency, creating a significant supply shock that puts immense upward pressure on the Bitcoin price.
Is MicroStrategy's aggressive strategy a visionary
move that will be studied for decades, or a massive gamble on a single asset?
And what does it mean for the market when one company's demand so dramatically
outstrips new supply? 🤔
Share this analysis to spark a debate on the most
aggressive corporate treasury strategy in modern history!
📲💬
