Strategy, one of the world’s leading software firms, has reached a record level in its Bitcoin holdings. The company, which has been aggressively accumulating cryptocurrency since 2020, has now brought its total stash to 815,061 BTC after its latest acquisition. According to new analysis from research firm Galaxy Digital, if Strategy continues this rapid pace, it could surpass even Bitcoin creator Satoshi Nakamoto’s estimated wallet holdings within two years.
How did the record Bitcoin accumulation happen?
Strategy began making significant Bitcoin purchases in 2020. At that time, rather than keeping its cash in traditional US banks like many American companies, Chairman Michael Saylor decided to convert reserves into Bitcoin. These purchases were largely financed by issuing new shares and borrowing. As a result, the company’s crypto portfolio soon outpaced its competitors by a wide margin.
A filing to the US Securities and Exchange Commission in April 2026 revealed that the firm acquired 34,164 Bitcoins for approximately $2.54 billion. This latest move propelled Strategy’s total Bitcoin count past financial titans like BlackRock, putting Strategy at the top of the corporate leaderboard. The company now controls about 4% of all 21 million Bitcoins in existence—equivalent to owning one out of every 25 BTC in circulation.
A chart shared by Alex Thorn, Head of Research at Galaxy Digital, shows that if this buying pace continues, Strategy could match Satoshi Nakamoto’s legendary hoard of 1,096,000 BTC sometime between late 2026 and mid-2027. Amassing such a large position gives Strategy an outsized influence on the Bitcoin market.
The company’s financing model and market impact
One innovative financial instrument offered to investors by Strategy is the STRC priority share. This share promises investors an annual fixed return of 11.5%. Company executives have stated that STRC’s value is inherently tied to Bitcoin’s long-term upward trajectory. Michael Saylor publicly promoted STRC on social media, positioning it as a secure investment vehicle.
Saylor emphasized that STRC is fundamentally backed by an appreciating asset, pointing out that Bitcoin has gained more than 2% annually on average over the long run, and that a 2.05% yearly increase is sufficient to meet all payment obligations.
Saylor’s statement that “winter is over” resonated widely among users. While some celebrated a new bull market, others cautioned that risks remain high. Bitcoin is currently priced at $77,485—below the $90,000 peak seen at the start of the year—but Saylor argued that recent weeks have marked a renewed upward trend. According to CryptoAppsy, Bitcoin stands at $77,485.
Ponzi debates and expert commentary
Gold investor Peter Schiff sharply criticized Strategy’s financial approach, labelling Bitcoin as “worthless” and comparing the company’s model of raising funds through share and bond issues, then promising high returns to existing investors, to a Ponzi scheme. On social media, Schiff warned that payments to earlier investors could falter if new capital dries up.
Schiff stated, “The main difference between a typical Ponzi and $STRC is that Ponzi organizers rarely explain their promises outright, whereas Strategy is open about the need for new buyers to fund payments.”
However, social media users and many legal experts have pushed back against this assessment. They argue that classic models of raising capital, acquiring assets, and paying returns to investors are common throughout traditional finance. Strategy, for its part, has disclosed all relevant risks in its filings with US regulatory agencies.
If Strategy overtakes Satoshi in total Bitcoin holdings, it will mark the first time a publicly traded company holds more BTC than the mysterious original inventor. Experts note that this milestone reflects the extent of institutional adoption, but caution that concentrating such a large share of supply in one entity could raise market centralization concerns.
Meanwhile, long-term holders declining to sell their Bitcoin only tighten available supply, putting upward pressure on prices. At the same time, should a major player like Strategy face financial trouble and rapidly offload its BTC, it could trigger a severe price shock.
