The Nasdaq-listed software firm Strategy has just announced that it bought US$2.5 billion worth of Bitcoin last week. The “billion” is not a typo.
The Bitcoin bullish firm now holds US$61 billion in BTC and last week’s buying spree marks its largest weekly purchase since November 2024. Strategy’s holdings now amount to over 3.8% of BTC’s fixed supply of 21 million coins. This percentage is actually higher considering that several million BTC has been lost to forgotten seed phrases / passwords, discarded thumb drives, or deaths of investors without instructions to access their stash.
The company – which is the largest corporate holder of Bitcoin in the world – has recently launched a new strategy for keeping its Bitcoin buying habit going: pay income-seeking investors more frequently. Its latest BTC buys are in part enabled by “STRC,” or its Stretch perpetual preferred shares, which it sells to buy more Bitcoin to buyers—including retail and some institutional investors—interested in the income they provide. The company now wants Stretch to pay dividends, recently at 11.5%, on a semi-monthly basis, instead of monthly, which might drive more interest in them. Critics may call this a Ponzi approach, but proponents call this a genius approach to stockpiling a scarce asset that has been among the best preforming assets on the planet since its launch in 2009.
Strategy’s founder and chairman, Michael Saylor, is among the most vocal supporters of Bitcoin in the world – and his words are matched with actions. He was once asked if holding such a large supply of a volatile asset keeps him awake at night under stress that the price may fall. His reply? “No. I go to bed thinking that I have not bought enough.”
We end this note with another Saylor quote:
