For years, the Bitcoin community believed that the largest Bitcoin holder is its mysterious creator, Satoshi Nakamoto. It is estimated that Satoshi mined approximately 1.1 million BTC, and these coins have never been moved.
However, this idea is now being challenged. Michael Saylor’s company, Strategy, has been buying Bitcoin at a very aggressive pace.
So if Strategy continues buying at its current pace, analysts believe the company could hold more Bitcoin than Satoshi’s estimated supply by around March 2027.
Lark Davis noted the same thing about this and told X:
The strategy could realistically surpass Satoshi’s estimated assets by March 2027.
Why do analysts have so much confidence in the same?
Citing the reason for this, Davis stressed that the core of this system is STRC (Variable Rate Series A Perpetual Stretch Preferred Stock). These work differently than Strategy’s regular stock MSTR.
Although the main stock price fluctuates significantly with the crypto market, STRC remains close to its base value of $100, making it less volatile. As a result, many institutional investors who want a stable return are interested in this.
This followed STRC saw tremendous activity, with approximately 7.3 million shares traded in one day, approximately 471% higher than normal trading volume.
This demand allowed Strategy to raise enough money to purchase 4,038 Bitcoin in one trading session. In fact, the funding exceeded the 3,000 BTC level and reached over 4,000 BTC in less than 90 minutes.
Additionally, Strategy’s STRC is estimated to have funded the purchase of over 10,000 BTC in the past week alone.
That said, Davis also highlighted that Strategy has emerged as one of the four largest Bitcoin holders, alongside Satoshi Nakamoto, BlackRock and Coinbase.
With his Bitcoin treasury now to stand with approximately 738,731 BTC, the company owns approximately 3.5% of the total Bitcoin supply.
The majority of the community supports Saylor’s strategy
In response to this prediction, the crypto community noted:
Echoing similar sentiments, another X user added,
Satoshi mined his coins in silence. No press releases. No preferred stock offering. Saylor does it louder. People bought the future. The other is buying the future of the future.
However, not everyone shared such optimistic comments. Some were to ride a two-way trip, as noted by an X user who said:
Saylor will go down in history as the richest man in the world or the biggest ponzi in the world, you have to respect the zero sum game.
The second century of strategy begins
This follows a major turning point for Strategy, with the company making over 100 separate Bitcoin purchases by March 2026.
In fact, many other public companies have begun to adopt similar Bitcoin treasury strategies.
Ergo, as we approach the end of the first quarter of 2026, approximately 193 publicly traded companies collectively own approximately 1.138 million BTC, which is more than 5.4% of Bitcoin’s total supply.
Final summary
- The STRC financing model highlights how institutional investors finance new ways to gain exposure to Bitcoin.
- The strategy is still debated within the crypto community, with some praising Saylor’s vision while others question the long-term risks.