Bullish Whale Gobbles 155 BTC—Now Controls Nearly 3% of Bitcoin’s Total Supply

Another day, another crypto whale making waves. This time, it's a single strategy snapping up enough Bitcoin to make even Wall Street blush.

The 155 BTC power move

Fresh off the blockchain: An anonymous player just dropped what amounts to pocket change for them—but would be life-changing money for most—on 155 BTC. This isn't some retail FOMO buy; it's the latest in a calculated accumulation spree.

Supply squeeze incoming?

With this purchase, the mystery buyer now holds a staggering 3% of all Bitcoin in existence. That's enough to make exchanges nervous and miners drool. Meanwhile, traditional finance bros are still arguing about 'intrinsic value' while the smart money keeps stacking sats.

One thing's clear: When the whales feed, the market listens. Whether this triggers a supply shock or just another line on a billionaire's balance sheet remains to be seen—but in crypto, the house always wins. Even when the house is literally buying the house.

Funding and capital allocation

The latest acquisitions were financed through sales of Strategy’s perpetual Strife (STRF) and Stretch (STRC) preferred stock.

As of August 10, the firm still has $1.87 billion in STRF shares available for issuance.

The company’s “42/42” plan targets a total capital raise of $84 billion for bitcoin acquisitions through 2027, with several active at-the-market (ATM) programs underpinning this aggressive strategy.

For a detailed view of Strategy’s bitcoin reserves, see the MicroStrategy historical bitcoin holdings.

Strategic shifts and financial performance

No shares of Strategy’s common stock were sold last week, as the company maintains a policy not to issue equity below a certain market cap to net asset value (mNAV) ratio.

In its recent Q2 report, Strategy posted a record $10 billion net income, largely due to a $14 billion unrealized gain from fair value accounting on its bitcoin holdings.

Wall Street analysts have commended the firm’s mNAV-driven capital allocation.

growing competition for corporate bitcoin treasuries

With over 151 public companies now holding bitcoin, Strategy remains the dominant corporate holder, far ahead of firms like Marathon Digital, Riot Platforms, Metaplanet, and Coinbase.

Strategy’s $112 billion market cap continues to trade at a premium to its net bitcoin asset value, although its capital structure is designed to withstand prolonged downturns in bitcoin price.

According to Michael Saylor:

“If you don’t stop buying Bitcoin, you won’t stop making Money.”