Strategy co-founder Michael Saylor has once again demonstrated his unshakeable belief in Bitcoin, marking the eleventh consecutive week of BTC acquisitions.
The latest purchase, confirmed on June 23, added another 245 BTC to the company’s holdings, amounting to a $26 million investment.
This streak, which began on April 14, reflects the firm’s aggressive strategy to build a massive corporate Bitcoin treasury.
“In 21 years, you’ll wish you’d bought more,” Saylor posted to his 4.4 million followers on X, echoing his familiar sentiment about the long-term potential of Bitcoin.
The remark highlights his continued evangelism as Strategy’s digital asset holdings swell past $63.6 billion in value.
The Largest Public Bitcoin Holder by a Wide Margin
According to data from SaylorTracker, Strategy now holds a staggering 592,345 BTC.
This makes the firm the world’s largest corporate holder of Bitcoin, surpassing the combined holdings of the next 20 public treasury companies.
The gap illustrates Strategy’s unmatched commitment to BTC accumulation and its mission to position itself as a dominant digital asset institution.
Analysts remain divided on the implications.
Some believe that such aggressive purchases could trigger a supply shock, potentially sending prices higher.
Others, however, raise concerns over the viability of this model, especially when replicated by companies leveraging debt and equity to buy crypto.
Skepticism Surrounds Copycat Treasury Models
Market observers have grown increasingly wary of companies trying to emulate Strategy’s Bitcoin strategy.
These firms often rely on high leverage and complex financing arrangements, a practice that some experts believe could contribute to a future market downturn.
Breed, a venture capital firm, recently warned that many new Bitcoin treasury companies may not survive long-term volatility.
“When failures inevitably hit, the strongest players are likely to acquire distressed companies and consolidate the industry,” Breed wrote in its latest report.
Breed’s analysis emphasized that newer firms will face tougher capital-raising conditions and higher borrowing costs than Strategy.
This, they say, places them at greater risk during any market correction.
Strategy’s Staying Power Stems from Past Resilience
Unlike recent market entrants, Strategy has already endured previous bear cycles and continued to accumulate Bitcoin even during downturns.
Breed’s report points to this resilience as a critical differentiator that enhances Strategy’s chances of long-term success.
The company’s discipline and scale provide a cushion against short-term volatility and market pressure.
According to Strategy investor Jeff Walton, these advantages could soon be reflected in broader market recognition.
Walton recently stated that there is a 91% chance Strategy will be included in the S&P 500 index in Q2 2025.
Such inclusion would mark a significant milestone for the company, signaling Wall Street’s acceptance of its unconventional balance sheet.
Bitcoin Supply, Market Risks, and Investor Caution
While Strategy’s aggressive BTC purchases have captured headlines, questions remain about how this will impact the broader market.
If companies using debt to buy crypto begin to falter, cascading sell-offs could hurt investor confidence.
The Bitcoin market, still maturing, remains vulnerable to these risks.
Saylor’s firm, however, appears to be building its Bitcoin war chest with staying power in mind.
Rather than chasing short-term gains, Strategy is betting on a future where Bitcoin’s scarcity and appeal to institutional capital drive prices far beyond today’s levels.