Michael Saylor Claims 'We Can Acquire More Bitcoin Than Miners Can Offload' as Billions Are Sold
Bitcoin Miners Liquidating Holdings: Bitcoin miners are increasingly selling their BTC holdings, with a reported 4.44% decrease in collective Bitcoin held by miners in February, totaling around 115,225 BTC. This trend is driven by companies seeking liquidity to fund pivots towards artificial intelligence and high-performance computing.
Major Players in Bitcoin Sales: Riot Platforms has emerged as the largest liquidator among miners, selling 1,818 BTC in December 2025 for approximately $161.6 million. Other companies like Marathon Holdings and Clean Spark have also liquidated significant portions of their Bitcoin holdings.
Market Sentiment and Price Movements: Retail sentiment around Bitcoin has shifted to a bullish outlook, with Bitcoin's price rising to around $74,000. This change in sentiment is reflected in the trading activity and the overall market dynamics.
Future Plans for Bitcoin Holdings: Companies like Core Scientific and Marathon Holdings are planning to sell their Bitcoin holdings to finance AI initiatives, with Core Scientific announcing intentions to liquidate all its Bitcoin in Q1 2026. Despite these sales, they intend to maintain mining operations.
Trade with 70% Backtested Accuracy
Analyst Views on MSTR
About MSTR
About the author

- Outstanding Stock Performance: Strategy shares have surged 700% over the past decade, significantly outperforming the S&P 500's 311% return, demonstrating strong market performance and investment appeal.
- Bitcoin Dependency: Since its transformation into a Bitcoin treasury company in 2020, Strategy has successfully accumulated $50 billion worth of Bitcoin, indicating that its business model is closely tied to Bitcoin prices, requiring investors to maintain a bullish outlook on Bitcoin.
- Capital Raising Strategy: Strategy aims to raise $42 billion in equity and fixed income through its 42/42 plan, enhancing its investment capacity in the Bitcoin market and positioning itself for potentially larger returns in the future.
- Volatility Management Challenges: Despite a 358% stock price surge in 2024, investors must contend with extreme market volatility, particularly as Bitcoin's price has fallen 46%, making the management team's risk control capabilities crucial for survival.

Bitcoin Milestone: The Bitcoin network has reached a significant milestone with the issuance of the 20 millionth Bitcoin at a block height of 940,000, leaving approximately one million coins yet to be mined.
Major Purchase: Strategy has purchased $1.28 billion worth of Bitcoin, increasing its total holdings to around $56 billion, while over 95% of Bitcoin's total supply has now been mined.
Market Sentiment: Bitcoin is trading near $68,768, with retail sentiment remaining bullish, although chatter levels have been low recently.
Mining Power: The largest Bitcoin mining pools, including Marathon Digital and Riot Platforms, control significant computing power, enhancing their chances of discovering new blocks and earning mining rewards.
- Bitcoin Acquisition Scale: Led by executive chairman Michael Saylor, Strategy Inc. purchased 17,994 bitcoins last week for approximately $1.28 billion, averaging $70,946 per coin, increasing its total holdings to 738,731 BTC, with a cumulative investment of $56.04 billion, demonstrating strong confidence in Bitcoin.
- Positive Market Reaction: Following this announcement, Strategy's stock rose 3.7% to $138.44 in morning trading, reflecting investor approval of its Bitcoin investment strategy and an improvement in market sentiment.
- Bitcoin Price Movement: Bitcoin gained about 5%, reaching $69,205.52, indicating strong demand for cryptocurrencies, which could further enhance the value of Strategy's assets.
- Strategic Implications: This acquisition not only strengthens Strategy's position in the Bitcoin market but may also positively impact the company's future financial performance and shareholder returns, especially amid ongoing volatility in Bitcoin prices.

- Bitcoin Acquisition: A strategy involved purchasing over $1 billion in Bitcoin last week.
- Market Context: This acquisition occurred amid escalating conflicts in the Middle East and fluctuating cryptocurrency prices.

Market Performance: Strategy shares have increased by 3.3% as the price of Bitcoin rises.
Significant Purchase: A notable purchase of Bitcoin worth $1.28 billion occurred between March 2-8.
- Bitcoin Acquisition: Strategy purchased 17,994 Bitcoins for $1.28 billion at $70,946 each last week, confirming Executive Chairman Michael Saylor's hints, despite holding 738,731 BTC now valued at approximately $56.04 billion, resulting in a $6 billion paper loss.
- Funding Sources: The purchase was financed through $900 million in common stock sales and $377 million in STRC preferred stock sales, demonstrating the company's strong market financing capabilities and commitment to its Bitcoin accumulation strategy by raising a total of $1.28 billion.
- Financing Capacity: Strategy retains significant capacity under its ATM program, with $1.62 billion in STRF preferred stock, $3.16 billion in STRC preferred stock, and $20.33 billion in STRK preferred stock, indicating a potential issuance capacity exceeding $35 billion to continue Bitcoin acquisitions.
- Stock Price Warning: MSTR shares fell 4.49% last week, currently priced at $133.53, which is 26% above critical support levels of $105-$120, but the current downward momentum threatens to invalidate the bullish recovery from February lows, reflecting cautious market sentiment.








