Strategy Holds 818,334 BTC, Eyes 1M Milestone
During a panel discussion on Bitcoin treasury strategy, Strategy CEO Phong Le announced the company uses its STRC perpetual preferred stock to fund Bitcoin purchases, with STRC paying an 11.5% annual dividend.
Key Takeaway
Strategy's path to 1 million BTC shows corporate Bitcoin accumulation is accelerating faster than most expected.
Strategy now holds 818,334 BTC and expects to reach 1 million Bitcoin within the next couple of months, CEO Phong Le said Wednesday.
Le made the announcement during a panel discussion on Bitcoin treasury strategy alongside Blockstream CEO Adam Back. Strategy ranks second globally in Bitcoin holdings, trailing only the pseudonymous Bitcoin creator. "There is only one individual entity with more Bitcoin than Strategy," Le said. "That's Satoshi."
The company uses its STRC perpetual preferred stock to fund Bitcoin purchases. STRC pays an 11.5% annual dividend and allows investors to gain Bitcoin exposure without direct ownership. Le called STRC "the most important credit product of all time" and said Layer 2 products and DeFi protocols are being built on top of it.
Blockstream CEO Adam Back addressed the broader shift toward institutional Bitcoin adoption during the panel. He said acceptance by sovereign wealth funds and private funds represents "a sign of success" rather than a compromise of cypherpunk values. Treasury companies like Strategy exist to grow Bitcoin per share, which benefits individual holders, Back explained.
When panel moderator Natalie Brunell asked Back about a recent New York Times investigation naming him as Satoshi Nakamoto, Back did not directly address the claim but said "we are in a very good place regarding people adopting the technology."
Le said he'd like to see Morgan Stanley join the list of massive Bitcoin companies. Strategy has accumulated approximately 161,716 BTC over the past 12 months, up from around 656,618 BTC in early 2025.
This article was written based on reporting from Bitcoin Magazine.
