Strategy is no longer just a big Bitcoin holder. It has become the benchmark.
The company now controls 671,268 Bitcoin, worth roughly $58.61 billion, or about 3.2% of Bitcoin’s fixed 21 million supply. On Monday, Strategy revealed its latest move, snapping up 10,645 BTC for $980.3 million at an average price of $92,098 per coin.
That kind of accumulation is not something you copy overnight.
Bitcoin entrepreneur Anthony Pompliano made that point clear. According to him, it would be extremely difficult for any public company to replicate Strategy’s Bitcoin position. The reason is simple. Strategy has been stacking BTC for years, quietly building a lead that keeps getting wider.
Time in the market matters.
Strategy’s Bitcoin journey started back in 2020 with an initial purchase of around $500 million, when Bitcoin was trading between $9,000 and $10,000. Fast forward to today, with BTC hovering near $86,578, and that original bet alone is worth more than $4.8 billion.
Pompliano explained on The Pomp Podcast that matching Strategy’s current holdings would likely require hundreds of billions of dollars. Any challenger would need either unprecedented access to capital or a core business that spits out massive cash flow. In reality, very few companies fit that description.
And Strategy is not slowing down.
CEO Phong Lee recently told CNBC that the company likely will not sell any Bitcoin until at least 2065. Meanwhile, executive chairman Michael Saylor continues to repeat his stance on X. He plans to keep buying Bitcoin, indefinitely.
That level of conviction has raised eyebrows.
Some observers worry about Strategy’s growing influence over Bitcoin supply and whether such concentration could impact the market. But the company has addressed that concern by executing large purchases through over-the-counter desks, a method designed to absorb big trades without jolting spot prices.
For many investors, Strategy’s approach sends a clear message.
This is long-term capital with no exit plan.
Market participants often interpret Strategy’s aggressive accumulation as a bullish signal for Bitcoin’s future. Even during periods of volatility, the company stays on course, reinforcing the narrative of Bitcoin as a strategic reserve asset rather than a short-term trade.
Pompliano did leave the door open. Another public company could theoretically build a similar Bitcoin position. But in his words, it is technically possible and practically unlikely. Strategy’s head start, combined with its relentless buying pace, makes the gap harder to close with every passing cycle.
In the Bitcoin treasury race, Strategy is not just leading. It is setting the rules.
