Strategy’s executive chairman, Michael Saylor, hinted at another round of Bitcoin purchases by the company, which has just become a reality.
Overall, Strategy is the largest institutional holder of the leading cryptocurrency. Saylor’s hint was very timely, as major players are actively buying up Bitcoin, further reducing the available supply of the coin
How many BTC has Strategy bought
Michael Saylor hinted at another Bitcoin purchase on Sunday, April 27 – a week after the company bought $555 million worth of BTC at an average price of $84,785 per coin. The purchase was later completed and announced on X by Saylor.
Strategy remains the largest corporate holder of Bitcoin in the world. Today, the giant announced the acquisition of an additional 15,355 Bitcoins worth $1.42 billion.
Thus, the company owns a total of 553,555 BTC, in which 37.89 billion was invested. It turns out that the average price of each coin purchased is $68,459.
This investment philosophy of the company has inspired other firms to adopt crypto. In particular, Japanese investment firm Metaplanet has already acquired a combined total of more than 5,000 BTC in an effort to become a leader in promoting Bitcoin in Asia.
Large investors or so-called whales also continue to accumulate Bitcoin while the main cryptocurrency is below the psychological mark of 100 thousand dollars.
Investors’ wallets, which hold at least 1 million dollars in BTC, began to be actively replenished again from the beginning of April. During this period of time, their number grew from 124 thousand on April 7 to more than 137.6 thousand by April 26.
Beyond actually acquiring Bitcoins, Strategy is having a significant impact on the market, according to crypto analyst Adam Livingston. He noted that the company is “synthetically reducing Bitcoin issuance” by buying back half or more of the new supply from miners each month.
Miners now mine about 450 BTC per day, or roughly 13,500 BTC per month, while Strategy has purchased 395,155 BTC over the past six months. This is equivalent to buying more than 2,000 BTC per day, a figure that is much higher than the daily rate of new coins.
Here’s a quote from an analyst.
When Bitcoin becomes so scarce, accessing it will require paying a premium. Lending against Bitcoin will become more expensive. Bitcoin borrowing will become an elite business for states and corporate whales, and Strategy will control the sphere.
The Bitcoin supply shortage forecast suggests a sharp rise in BTC prices if Strategy can continue to ramp up its purchases amid rising demand for the digital asset among other large investors.
However, Strategy’s actions have their critics. They warn that the debt-based strategy of buying BTC could lead the giant to financial collapse in case of a prolonged bearish trend in crypto. It also increases systemic risks for BTC due to the high concentration of coins in the hands of a single player.
How does crypto help you make money?
Meanwhile, the Central Bank of Norway (Norges Bank), which manages the country’s $1.7 trillion sovereign fund, reported a $40 billion loss for the first quarter of 2025.
The main reason for such results is the falling share prices of US-listed technology companies.
By the end of 2024, Norges Bank also indirectly owned 3,821 BTC through its equity investments. This creates potential selling pressure on Bitcoin – especially against a backdrop of socio-political instability and the risk of economic recession due to a global trade war.
There is a possibility, although unlikely, that in such a situation Norges Bank may increase investments in crypto-related companies or purchase shares of cryptocurrency ETFs. In addition to stocks and bonds, Norges Bank invests in real estate, including retail, industrial, renewable energy facilities and logistics centers around the world.
As a reminder, Norway sold its entire central bank gold reserve by early 2004, when the price of gold was below $400 an ounce. Since then, gold has outperformed the S&P 500 stock index by 280 percent.
Stocks currently account for 71.4 percent of the fund’s total investments, so serious losses are possible if the trade war continues. Although so far everything is going towards the fact that the tough tariffs on imports by the U.S. government will be at least significantly softened.
Norges Bank’s investments generated $222 billion in profits in 2024, and its equity portfolio fell just 1.6 percent in the first quarter of 2025. According to CEO Nicolai Tangen, the Norwegian sovereign fund “mostly follows indices” – specifically the FTSE Global All Cap index.
While this index includes more than 7,100 stocks from both developed and emerging markets, it is based on market capitalization, leaving 65 percent of the portfolio in North American companies.
However, according to Norges Bank Deputy CEO Trond Grande, there is some room for active investment. Well, the share of shares of US-listed technology companies has been below the benchmark for the past 18 months.
Technically, it is unlikely that Norges Bank will be able to invest in spot Bitcoin ETFs without changing the fund’s mandate. However, increased investment in companies with large Bitcoin holdings seems possible.
Strategy’s strategy of actively accumulating Bitcoin is exacerbating the scarcity of coins in the market and setting a new trend for institutional investors. The more BTC ends up in the hands of corporate giants, the higher the potential value of the asset becomes. And although such purchases increase the concentration of risks, they simultaneously bring the crypto market closer to a new stage of maturity – the era of real scarcity and premium demand.
