#Strategy与Strive本周合计增持2305枚比特币 1.27 million BTC locked in corporate treasuries: a floor, or a hidden risk?
1.273 million BTC (6.4% of the circulating supply) has been locked in the treasuries of publicly listed companies—a genuine bullish factor, but with limited upside.
Three key points:
This week: Strategy bought 950 BTC and Strive bought 1,355 BTC, for a total of 2,305 BTC—the pace remains unchanged
Total: Strategy leads with 846,000 BTC (66% of publicly listed companies’ holdings), while Strive’s 26,400 BTC puts it among the top five
Essence: From Saylor’s one-man show to group consensus, locked-up supply + a validated narrative = structural floor support
Three risks (more important than the bullish factor):
1. 66% is concentrated in one person’s hands—if Saylor stops buying, marginal demand disappears
2. Cost basis at $ASSTthe current price of $SATAthe floating gain is only 13%; if the price falls below the cost basis, treasury companies may be forced to sell
3. Signs of forced selling have already emerged—Strategy has sold $BTCConclusion: The treasury accumulation wave provides a floor, not an engine—whether BTC rises ultimately depends on ETFs + macro liquidity. Watch two things closely: Strategy repeatedly stops buying, and BTC falls below $75K.If either occurs, this “safety cushion” needs to be reassessed. $BTC{currencycard:spot}(BTC_USDT)0BTC/USDT-1.85%$NVDAB
1.273 million BTC (6.4% of the circulating supply) has been locked in the treasuries of publicly listed companies—a genuine bullish factor, but with limited upside.
Three key points:
This week: Strategy bought 950 BTC and Strive bought 1,355 BTC, for a total of 2,305 BTC—the pace remains unchanged
Total: Strategy leads with 846,000 BTC (66% of publicly listed companies’ holdings), while Strive’s 26,400 BTC puts it among the top five
Essence: From Saylor’s one-man show to group consensus, locked-up supply + a validated narrative = structural floor support
Three risks (more important than the bullish factor):
1. 66% is concentrated in one person’s hands—if Saylor stops buying, marginal demand disappears
2. Cost basis at $ASSTthe current price of $SATAthe floating gain is only 13%; if the price falls below the cost basis, treasury companies may be forced to sell
3. Signs of forced selling have already emerged—Strategy has sold $BTCConclusion: The treasury accumulation wave provides a floor, not an engine—whether BTC rises ultimately depends on ETFs + macro liquidity. Watch two things closely: Strategy repeatedly stops buying, and BTC falls below $75K.If either occurs, this “safety cushion” needs to be reassessed. $BTC{currencycard:spot}(BTC_USDT)0BTC/USDT-1.85%$NVDAB