Bitcoin Domination Strategy Hits 700,000 BTC Milestone: What Percentage of Total Supply Do They Now Control?

One entity's accumulation strategy just crossed a staggering threshold—over 700,000 Bitcoin secured. That's not just a number; it's a power play reshaping the entire supply landscape.

The Silent Siege on Scarcity

Forget mining pools and retail wallets. This is strategic accumulation on an institutional scale, executed with the precision of a central bank building reserves. Each acquisition tightens the available float, turning the 'digital gold' narrative into a tangible reality of controlled scarcity. The market's liquidity isn't just thinning—it's being methodically siphoned into digital fortresses.

700,000 BTC: The New Supply Calculus

Do the math. Against Bitcoin's fixed cap, that hoard represents a single-digit percentage of the total supply—but its influence punches far above its weight. Every coin removed from circulation amplifies the scarcity premium for everyone else. It's a classic playbook: corner a critical resource, then watch the market dynamics bend to your will. Traditional finance would call it market manipulation; in crypto, it's just a smart, albeit cynical, long-term strategy. After all, Wall Street perfected hoarding assets decades ago—crypto's just catching up without the velvet ropes.

This isn't mere speculation. It's a calculated move that cuts through market noise and bypasses short-term volatility, targeting the ultimate prize: disproportionate influence over the foundational layer of digital finance. The question shifts from 'who's buying?' to 'who controls the game?'

When one player amasses enough of the board, everyone else is just trading scraps.

Strategy Now Holds 3.4% Of Bitcoin Supply As Holdings Top 700,000 BTC

Michael Saylor’s Strategy now holds approximately 3.4% of the total Bitcoin supply as the company increased its holdings to over 700,000. In a press release, the company revealed that it acquired 22,305 BTC for $2.13 billion at an average price of $95,284 per Bitcoin last week. It now holds 709,715 BTC, which it acquired for $53.92 billion at an average price of $75,979. 

This purchase was Strategy’s largest weekly announcement since November 2024 and its fifth-largest announcement ever. It also came just a week after the company announced it had acquired 13,627 BTC for $1.25 billion. Meanwhile, this latest purchase has come amid a decline in BTC’s price.  

Bitcoin dropped below $90,000 yesterday for the first time since the start of the year, dragging the Strategy stock with it. MSTR dropped as much as 8% yesterday, falling to around $160. The stock is still up over 3% year-to-date (YTD). However, it is worth noting that Saylor and his company continue to dilute MSTR shares to buy more Bitcoin. The company sold 10.4 million MSTR shares last week to fund most of this latest purchase. 

Reactions To The Latest BTC Purchase

Market analyst Rob noted that Strategy no longer highlights BTC yield as a flagship metric. He further stated that even after buying over 35,000 BTC in the first few weeks of this year, the BTC yield achieved is 0.4%, which amounts to an annualized rate of about 6% to 10%. The analyst also remarked that the law of diminishing Bitcoin yield means the ability to deliver a yield decreases as the BTC stack grows. 

With Strategy now holding over 700,000 BTC, Rob explained that it is harder to generate a return. According to him, this means that going forward, the play is more about squeezing the bitcoin price itself higher rather than increasing the BTC per share. He added that this also explains why MSTR’s mNAV has collapsed to just over 1x. 

Crypto commentator Ran Neuner warned that a company like Strategy buying and holding such a large concentration of a reserve asset is not healthy. He added that right now, Saylor and his company are the only ones really buying Bitcoin. Meanwhile, market expert Bit Paine said it is a market failure that Saylor is allowed to buy this much BTC at prices below $100,000. 

At the time of writing, the BTC price is trading at around $90,000, down in the last 24 hours, according to data from CoinMarketCap.