Strategy is the largest corporate Bitcoin holder in the world and the company that turned a software business into a Bitcoin treasury operation under Michael Saylor. The position now exceeds 600,000 BTC, and the company’s financing decisions have become a significant force in the crypto market on their own. The coverage here tracks what matters: Bitcoin purchase announcements and the cadence of treasury accumulation, convertible note issuances and the financing structure that funds the buying, the STRC, STRK, and other preferred share products that gave Strategy a permanent capital base, NAV premium and discount dynamics that shape whether new issuance is accretive, the quarterly earnings where Bitcoin gains and losses now overshadow the legacy software business, and Saylor’s public statements on quantum threats, digital credit, and Bitcoin’s role in corporate finance. Strategy’s playbook reshaped how public companies think about treasury allocation. Metaplanet copied it in Japan. Smaller imitators followed in Europe and Asia. Coinliva covers the buying activity, the financing decisions, the legal disputes, the analyst debates over whether the model survives a serious BTC drawdown, and the policy implications as the company’s holdings approach a meaningful share of total Bitcoin supply.
Saylor's company bought 13,927 BTC for $1 billion last week through its STRC program. The rally above $77,000 pushed Strategy's 780,897 BTC treasury back into unrealized profit for the first time since early April.
818,334 BTC. A $12.5 billion Q1 loss. An 11.5% dividend on preferred stock that needs to be paid somehow. Polymarket odds on a Bitcoin sale by year-end jumped from 10% to 82% in one week.
Speaking at a Mizuho event on April 8, 2026, Michael Saylor laid out three positions: the bottom is already in, quantum computing is a distraction, and the next Bitcoin bull run will be built on credit — not sentiment.
The proposal would double dividend frequency from monthly to 24 payments per year. STRC's 11.5% annualized rate and $1.1 billion daily volume make it the engine behind Strategy's Bitcoin accumulation.
Strategy added 34,164 BTC in its third-largest purchase ever. Bitmine bought 101,627 ETH in its biggest week since December. Together, they deployed $2.8 billion in a single week while most treasury firms stayed on the sidelines.
Strategy added 34,164 BTC in a single week, pushing its stack to 815,061 coins. Only Satoshi Nakamoto holds more.
