What is MicroStrategy (MSTR) doing with Bitcoin right now?

MicroStrategy holds 815,061 Bitcoin, making it the largest single corporate holder of BTC. The company recently bought 34,164 BTC for about $2.54 billion. Its strategy is to continuously accumulate Bitcoin as a core treasury asset.

Has MicroStrategy (MSTR) overtaken BlackRock’s Bitcoin ETF?

Yes, MicroStrategy now holds more Bitcoin than BlackRock’s iShares Bitcoin Trust, which holds around 806,178 BTC. This makes MicroStrategy the largest single holder globally. It highlights how aggressive its accumulation strategy has become.

Could MicroStrategy surpass Satoshi Nakamoto’s Bitcoin holdings?

According to Galaxy Digital research, MicroStrategy could surpass Satoshi Nakamoto’s estimated 1.096 million BTC within two years. Projections suggest this could happen as early as November 2026 if current buying continues. This is a forecast, not guaranteed.

How is MicroStrategy funding its Bitcoin purchases?

MicroStrategy is funding purchases through equity offerings, including its STRC preferred stock. This stock offers an 11.5% annualised yield to investors. The strategy relies on raising capital from markets to buy more Bitcoin.

What is STRC preferred stock and why is it controversial?

STRC is a preferred stock issued by MicroStrategy that pays high dividends funded through capital raises. Critics like Peter Schiff argue it resembles a Ponzi-like structure. However, the company states risks clearly and defends the model as sustainable.

What is Michael Saylor signalling about the Bitcoin market?

Michael Saylor recently posted “Winter’s Over,” suggesting he believes the crypto bear market has ended. This aligns with Bitcoin trading near $77,800. It reflects a bullish outlook but is an opinion, not a certainty.

How much does Bitcoin need to rise for MicroStrategy’s model to work?

Saylor claims Bitcoin only needs to grow about 2.05% annually to cover STRC dividend payments. This assumption underpins the sustainability of the strategy. However, it depends on long-term price appreciation continuing.

What are the risks of MicroStrategy’s Bitcoin strategy?

Key risks include Bitcoin price volatility, reliance on continuous capital raising, and potential dilution for shareholders. If Bitcoin falls or capital inflows slow, the model could face pressure. This makes MSTR a high-risk, high-reward exposure to Bitcoin.

MicroStrategy nears Satoshi Bitcoin lead Galaxy says

Written by Brie CarterPublished Apr. 24 2026Last Updated Apr. 24 2026

MicroStrategy has amassed 815,061 Bitcoin, overtaking BlackRock’s iShares Bitcoin Trust to become the largest single holder of the cryptocurrency.

The company recently purchased 34,164 BTC for about $2.54 billion, as Galaxy Digital projected its holdings could surpass Satoshi Nakamoto’s estimated 1.096 million BTC within two years.

“Strategy (MSTR), a single company, now holds more BTC than IBIT, the world’s largest bitcoin fund, Strategy will likely surpass Satoshi within the next 2 years,”

Said Alex Thorn.

Executive Chairman Michael Saylor signalled optimism by declaring “Winter’s Over” as Bitcoin traded near $77,800, suggesting confidence in a broader market recovery.

However, criticism has emerged over the firm’s financing model, with Peter Schiff calling its STRC preferred stock structure a Ponzi scheme dependent on continuous capital inflows.

Schiff argued that dividend payments rely on new investor funding rather than operational revenue, raising concerns about sustainability despite disclosures in company filings.

MicroStrategy has countered that Bitcoin would need to appreciate by just 2.05% annually to cover preferred stock dividends indefinitely, underscoring its long-term conviction in the asset.

At the time of reporting, Bitcoin price was $78,457.59.