Thomas Daniels
In a decisive pivot back to accumulation, Strategy co‑founder Michael Saylor confirmed the company will resume Bitcoin purchases this Monday, following a strategic one‑week pause. Despite skipping last week’s buying activity, the firm secured a substantial $4.2 billion capital raise to fund its future BTC acquisitions.
Prior to the hiatus, Strategy had recorded an uninterrupted streak of 12 consecutive weeks of Bitcoin accumulation. The most recent purchase, dated June 30, comprised 4,980 BTC for approximately $532 million—bringing the company’s total holdings to roughly 597,325 BTC, currently valued at over $70.9 billion.
Strategy’s stock is trading at approximately $434—marking a 16% uptick this month—though still below its all‑time high of $543 reached in November 2024.
Bitcoin treasury firms have become dominant market actors, outpacing the rate of new BTC mining and risking supply‑side constraints that could elevate prices. However, caution is warranted: some analysts argue that debt‑financed institutional buy‑ups may be unsustainable and could precipitate broader market instability.
According to data from BitcoinTreasuries, corporate entities—led by Strategy—acquired 159,107 BTC in Q2, contributing to the approximately 3.5 million BTC now held by public companies, private firms, crypto entities, government bodies, pension plans, and asset managers.
In April, author Adam Livingston—writing in The Great Harvest: AI, Labor, and the Bitcoin Lifeline—coined the term “synthetic halving” to describe Strategy’s aggressive purchasing pace. He noted:
“Strategy has accumulated 379,800 in the past 182 days. That’s 2,087 BTC per day — far outpacing the miners.”
To contextualize: miners currently generate about 450 BTC daily. Livingston forecasts that Strategy’s accumulation strategy could elevate the firm to “financial super‑power” status.
