Strategy, one of the world’s leading software companies, reached a record level with the amount of Bitcoin it holds. The company, which has been aggressively collecting cryptocurrencies since 2020, has a total of 815,061 BTC with its last purchase. If it continues at this pace, the company could even surpass Bitcoin creator Satoshi Nakamoto’s wallet total within the next two years, according to the latest analysis from research firm Galaxy Digital.
How did the record Bitcoin accumulation happen?
Strategy started collecting a significant amount of Bitcoin in 2020. At the time, the company’s chairman, Michael Saylor, converted his cash into Bitcoin instead of keeping it in traditional banks, unlike many companies in the US. He financed his purchases by selling new shares and borrowing money. In a short time, the company’s cryptocurrency portfolio rose far above its competitors.
In the notification made to the US Securities and Exchange Commission in April 2026, it was announced that the company purchased 34,164 Bitcoins for approximately $2.54 billion. Thus, the total number of Bitcoins held by the company reached the top, surpassing giant funds such as BlackRock along with its market value. Currently, Strategy owns 4% of the 21 million Bitcoin supply in circulation, or one in every 25 Bitcoins.
The chart shared by Galaxy Digital Research Head Alex Thorn also shows that if the current pace continues, Strategy can reach 1,096,000 BTC in the hands of Satoshi Nakamoto between the end of 2026 and mid-2027. Creating such a large portfolio significantly increases the company’s influence in the market.
The company’s financing model and market implications
One of the new financial instruments that Strategy offers to investors is the preferred stock called STRC. With these stocks, investors are promised an annual fixed return of 11.5%. Company management stated that STRC’s value is based on the continuous rise of Bitcoin in the long term. Michael Saylor introduced STRC as a safe investment tool on his social media account.
He emphasized that STRC is fundamentally backed by a growing asset, that Bitcoin is valued at an average annual rate of more than 2% in the long term, so a 2.05% annual increase will be enough to cover all payments.
Saylor’s statement that “winter is over” found great resonance among users. While some participants wrote that spring had arrived in the market, some pointed out that the risks were not completely over yet. Currently, Bitcoin is trading at $77,485; Although it is below the $90,000 seen at the beginning of the year, Saylor argued that the price has started to rise again in recent weeks. According to CryptoAppsy data, Bitcoin is currently trading at $77,485.
Ponzi controversies and experts’ opinion
Gold investor Peter Schiff harshly criticized the financing model implemented by Strategy. While Schiff described Bitcoin as ‘worthless’, he likened the company’s promise of high returns to old investors by selling shares and debt to a Ponzi scheme. In his post on social media, he pointed out that once the new capital ends, the payments of the old investors will be disrupted.
“The biggest difference between a typical Ponzi and $STRC is that in Ponzi, the organizer does not explicitly inform you of his promises. Strategy states that there must be new recipients for the payments,” Schiff said. expressed his opinion.
However, both social media users and many lawyers opposed this assessment. Users argued that classical financing models such as raising funds, buying assets, and paying returns to investors are widely applied. Strategy, on the other hand, provides clear information about all risks in its applications to US regulatory authorities.
If Strategy surpasses Satoshi with the amount of Bitcoin it holds, it will be the first time a publicly traded institution will hold more cryptocurrencies than Bitcoin’s inventor. Experts state that this indicates how institutionally Bitcoin has been adopted, but at the same time, such a high concentration of assets in a single hand may cause a centralization problem in the market.
On the other hand, long-term investors holding their portfolios without selling puts upward pressure on the price as it further restricts the Bitcoin supply. However, if such a large institution gets into financial trouble and sells its BTCs en masse, it could lead to a major price shock.
