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Strategy Pushes Toward 750000 BTC Despite Volatility

10h35 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Bitcoin (BTC)
Summarize this article with:

In a crypto market shaken by volatility, Michael Saylor reignites the strategic tension around bitcoin. The head of Strategy hinted that a new purchase might be imminent as his company nears a historic threshold of 750,000 BTC in reserve. This methodical accumulation, carried out despite a bearish context, goes beyond simple treasury management. It could impact market balance and revive the debate on the growing influence of institutional players in the Bitcoin ecosystem.

Behind a thick glass wall, a dense accumulation of stacked Bitcoin symbols can be seen. The number 750000 is embedded within the rolls, not in modern typography, but sculpted directly into the material, symbolizing Strategy’s accumulation.

In Brief

  • Strategy now holds 717,131 BTC after a new purchase of 2,486 bitcoins for about 168 million dollars.
  • Michael Saylor hints that a new purchase might be imminent, while the stated goal remains to reach 750,000 BTC.
  • The company continues its accumulation despite a crypto winter marked by a prolonged bear market.
  • This strategy strengthens Strategy’s position, which now represents more than 3% of the total circulating Bitcoin supply.

An Accumulation Strategy Towards 750,000 BTC

Strategy is methodically continuing its bitcoin accumulation and is now approaching a symbolic threshold. The latest published figures confirm the extent of this corporate strategy.

  • Strategy now holds 717,131 BTC after its latest purchase ;
  • The company acquired an additional 2,486 BTC for about 168 million dollars ;
  • The average acquisition price for this operation amounts to 67,710 dollars per bitcoin ;
  • Michael Saylor hinted that a new purchase might be imminent, suggesting that the 750,000 BTC target remains current.

These elements confirm the continuation of the accumulation strategy initiated by Strategy for several years. The recent purchases occur in a context where the bitcoin price is below the company’s average acquisition cost, implying the existence of unrealized losses on its current holdings. Despite this, no signal of slowdown has been communicated; on the contrary, the announced trajectory explicitly aims for the 750,000 BTC mark.

Market Outlook

Beyond simple purchase figures, Michael Saylor also expressed his vision for bitcoin’s future, speaking of an era he calls “the orange century”. This expression evokes a progressive hyperbitcoinization over several decades, reflecting an expectation of a profound transformation in bitcoin adoption within the global economy.

Saylor also explained that the current phase can be seen as a “crypto winter”, a bear market marked by a loss of nearly half of bitcoin’s value since its all-time high. Despite these conditions, the executive remains confident in the asset’s ability to rebound over the long term, even if Strategy’s current position shows an unrealized loss given the gap between the average purchase price and the current market price.

In this context, Strategy’s approach carries a dual dimension. On one hand, it is a strong signal sent to institutional players about long-term conviction around bitcoin; on the other hand, it raises questions about the potential effects of such massive accumulation on market liquidity and price formation.

The impact of this strategy could also extend to investor perception in the face of current volatility. Continuous accumulation by an entity of this size, representing over 3 % of circulating bitcoin, could influence debates on reserve distribution and risks associated with supply concentration.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.