Michael Saylor announced another investment by Strategy in Bitcoin. According to a post on X, an additional 1,955 Bitcoins were purchased over the course of the past week for $111,196 each.
The latest investment thus amounts to approximately $217 million. The Bitcoin company currently holds 638,460 Bitcoin—more than any other company.
In addition, another threshold has been crossed: Strategy now manages just over three percent of the 21 million Bitcoin in circulation.
While the company’s weekly investments help stabilize the price even in difficult market conditions, its growing share of Bitcoin distribution is also increasingly viewed critically.
“I think that’s too much BTC in one place; it’s a risk for the future,” reads one comment on X. “With an estimated 2 to 3 million BTC lost or inaccessible, the total Bitcoin supply is actually only around 18 to 19 million. This means that MicroStrategy currently holds about 3.5 percent of the total Bitcoin supply. If this supply ever comes to market, it will lead to a pretty massive price drop,” the X user wrote.
With financial instruments such as STRC, STRF, and STRD, the company has dug deep into its bag of tricks to further expand its Bitcoin position. While this strategy has worked so far, if the BTC price falls, the high debt could accelerate a downward spiral.