MicroStrategy May Hold 3% of Bitcoin Supply as BTC Retraces; Peak Could Be Months Away

• Strategy now controls 3.012% of the 21M BTC supply (632,457 BTC)

• Holdings valued at ~$70.4 billion, equal to 72.2% of Strategy’s market capitalization.

• Corporate allocations total nearly $110 billion (4.7% of supply); Marathon’s stake is ~12.5x smaller than Strategy’s.

Strategy holds 3% of net BTC supply after reaching 632,457 BTC; read latest analysis, price outlook, and corporate comparisons — full report.

What does Strategy holding 3% of net BTC supply mean?

Strategy holds 3.012% of net BTC supply after accumulating 632,457 BTC. This concentration indicates a major corporate bet on Bitcoin, increasing institutional ownership of supply and reducing the free float available to retail and other institutional buyers.

How did Strategy reach 632,457 BTC and what was the cost basis?

Strategy (MSTR) amassed 632,457 BTC with an average purchase price of $73,527 per Bitcoin, valuing the holding at approximately $70.4 billion. On Aug. 25, 2025, Strategy added 3,081 BTC for roughly $356.9 million at an average price near $115,829. These figures are reported via the Bitcoin Treasuries tracker and company filings (plain text).

Image by Bitcoin Treasuries

Strategy’s BTC stash represents about 72.2% of the company’s market cap, underscoring the degree to which its valuation is tied to Bitcoin’s price movements. Marathon Holdings (MARA) and other public miners now hold materially smaller stakes by comparison; Marathon’s corporate BTC position is roughly 12.5 times smaller than Strategy’s.

When could Bitcoin reach a new cycle peak?

Bitcoin (BTC) is trading at $112,236, down ~2% over the last 24 hours. Historical on-chain analysis from Glassnode and cycle comparisons to 2017 and 2021 suggest the peak phase can arrive 2–3 months after large accumulation phases, but growing market capitalization may stretch future cycles longer.

Why does corporate accumulation matter for price dynamics?

Corporate treasuries reduce liquid supply and can amplify price moves when demand picks up. With corporations holding nearly $110 billion worth of BTC (about 4.7% of total supply), institutional balance-sheet allocation now meaningfully influences on-chain liquidity and market depth.

Frequently Asked Questions

How many BTC does Strategy own and what percentage of the supply is that?

Strategy owns 632,457 BTC, equal to about 3.012% of Bitcoin’s 21 million supply. This concentration is calculated from corporate treasury figures and the Bitcoin Treasuries tracker.

What is the immediate price impact of large corporate accumulations?

Large corporate accumulations reduce available liquidity and can steepen price moves if demand increases. Short-term price action depends on net flows, miner selling, and macro demand; on-chain signals from Glassnode help monitor these dynamics.

Key Takeaways

• Major concentration: Strategy now holds just over 3% of BTC supply, a record corporate position.
• Balance-sheet exposure: BTC represents ~72.2% of Strategy’s market cap, tying company valuation to Bitcoin performance.
• Price outlook: Historical cycles hint at a possible peak within months, but longer cycles and market maturation could extend timing.

Conclusion

Strategy’s accumulation to 632,457 BTC and a 3.012% share of total supply marks a pivotal moment in institutional Bitcoin adoption. Corporate treasuries now materially affect liquidity and price dynamics. For investors and analysts, tracking corporate disclosures, Bitcoin Treasuries data, and on-chain indicators like Glassnode remains essential. Stay updated with COINOTAG for ongoing coverage and data-driven analysis.