Strategy Wants 1,000,000 Bitcoin Treasury And This Is How They Plan To Get To That Number
Strategy’s Bitcoin playbook is no longer just about buying dips. The company has turned its balance sheet into a capital machine built around one main objective of increasing the amount of Bitcoin it controls without weakening the amount of Bitcoin attached to each share. Recent filings by the company now show that it is planning to repurchase $1.5 billion principal amount of 2029 convertible notes. Strategy Is Getting Closer To 1,000,000 Bitcoin Strategy’s latest reported Bitcoin reserve shows how far the company’s accumulation strategy has come. The firm’s Bitcoin purchase page lists 843,738 BTC, acquired at an average cost of $75,700 per Bitcoin. Related Reading: Strategy Overtakes BlackRock’s Bitcoin Holdings, But Is Saylor Done Buying? This means Strategy now controls about 4.02% of Bitcoin’s fixed 21 million supply. The 1,000,000 BTC threshold would raise that share to about 4.76%, making Strategy one of the most important single holders in the Bitcoin market. At the current le