Michael Saylor’s firm Strategy Inc. (previously MicroStrategy) has built up 640,808 BTC, equivalent to over 3% of Bitcoin’s static 21 million-coin supply, so it now owns a substantial percentage of all Bitcoin that will ever be made.
That is important because such bulk, long-term holding decreases the available liquid supply in the market, a bullish pressure as well as risk concentration because Strategy’s profitability is now closely linked to the price of Bitcoin, particularly since it employs debt and equity financing to continue acquiring.
To read more: https://x.com/reallive3tv
