3 hours ago
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- Strategy buys 3,273 BTC for $255M, pushing holdings above 818K coins
- Firm now controls nearly 4% of total Bitcoin supply
- Growing institutional demand raises concerns over future supply squeeze
Strategy is back at it again, adding another 3,273 Bitcoin last week for about $255 million, and at this point, it’s starting to feel less like accumulation and more like a long-term campaign. The company now holds a staggering 818,334 BTC, worth roughly $64 billion at current prices, which is… a serious chunk of the entire market.
And with each purchase, the question becomes less about whether they’ll keep buying, and more about how much supply is actually left to absorb.
A Strategy Fueled by Its Own Stock
What’s interesting, maybe even a bit unusual, is how these purchases are being funded. The latest buy was financed through Strategy’s at-the-market share program, meaning the company is essentially selling stock to raise capital, then using that capital to buy more Bitcoin.
It’s a loop that feeds itself, investor demand fuels share sales, which fund BTC purchases, which in turn reinforce the company’s identity as a Bitcoin-heavy play. Whether that cycle holds indefinitely is another question, but for now, it’s clearly working.
Yield Metrics and Growing Exposure
Strategy also reported a Bitcoin yield of 9.6% year-to-date, up from 5.6% just a week earlier, which suggests the firm is actively measuring performance beyond simple price appreciation.
At the same time, its average acquisition cost sits around $75,537 per BTC, slightly below current market levels, meaning the position is, at least for now, in profit on paper.
A Market Feeling the Supply Tighten
The bigger picture here is what this kind of accumulation does to the broader market. With Strategy alone holding close to 4% of total Bitcoin supply, and ETFs steadily absorbing more, available liquidity is starting to look thinner.
Galaxy Digital CEO Mike Novogratz recently pointed out that this trend could lead to a supply squeeze, where demand simply outpaces what’s available, pushing prices higher almost by necessity.
A High-Conviction Bet With Market Impact
Despite the aggressive buying, Strategy’s stock performance has been mixed, up modestly this year but still down significantly over the past 12 months. That disconnect shows how volatile this approach can be, even when the underlying asset is trending upward.
Still, the company isn’t slowing down, and its strategy is becoming one of the most influential forces in Bitcoin’s market structure. If this pace continues, the impact won’t just be on Strategy’s balance sheet, it’ll shape how the entire market behaves.
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