📰 Why Doesn’t the Miner Set a Target? Is Sarli’s Strategy of 84,800 BTC a Signal or a Signal?

BMC miner Sarli recently disclosed that its digital asset strategy now holds approximately 84,800 BTC, and that the company has no fixed target for its Bitcoin holdings. According to data from NS3.AI, Sarli said it would continue accumulating Bitcoin as the strategy raises funds. He also expects Bitcoin to approach 99% of its total supply by 2035, and noted that capital is flowing back into crypto from AI and private equity.

Why does this news matter?
This information is significant because it touches on a core tension in the Bitcoin investment thesis: the tension between quantitative strategies and unlimited potential. Traditional value investing aims to “buy the right amount of an asset at the right time,” but Sarli’s model breaks that framework, likening Bitcoin to perpetual “gold”—a fixed supply with unlimited value. The goal is no longer “at what price should we sell?” but “how large a share should we hold?” This means the strategy is elevating Bitcoin from a “priceable asset” to an “asset that can be accumulated without limit”—a powerful example for other investors.

Its impact on the market landscape can be seen on two fronts. First, it puts those trying to predict Bitcoin’s price using technical analysis or macro cycles at a disadvantage: if miners don’t care about the price, then volatility is just noise. Second, the trend of capital flowing back into crypto reinforces Sarli’s argument, and the crypto market may be entering a new phase dominated by the “fixed-supply thesis.”

Market impact
For BTC, 84,800 BTC is the strategy’s current holding, but the more important point is its statement that it will “continue accumulating.” This means the strategy will no longer take BTC’s price range into consideration; as long as capital keeps flowing in, it will continue buying BTC. At the current price of $82,540, the average cost basis of the strategy’s holdings will keep falling. A historical reference point is how institutions behaved when Bitcoin ETFs were first approved in early 2017, but this time the approach is more aggressive—not allocating a set amount quarterly or annually, but accumulating without limit based on cash flow.

The impact on ETH and BNB is indirect. If U.S. capital flows from venture capital and AI into crypto without a set limit, these major tokens could come under pressure. After all, under the fixed-supply thesis, all crypto assets are “gold,” but the scale of capital behind Sarli’s strategy is large enough to prioritize Bitcoin as “super gold.” This means that even if capital flows back into crypto, ETH and BNB may still face pressure unless there is a major regulatory breakthrough.

Trading outlook
💡 I believe Bitcoin will maintain its current uptrend at least through the end of the year, mainly because the strategy is establishing a “fixed-supply thesis” as an anchor. However, this view would be invalidated if the Federal Reserve signals rate hikes or escalating geopolitical conflicts trigger a flight of capital back to U.S. stocks.

$BTC $ETH #BTC #ETH

This article is not sponsored by any project, and the author does not hold any of the assets mentioned.

⚠️ This is not investment advice. Forecasts are for reference only.

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