{"id":97196,"date":"2026-05-18T18:03:12","date_gmt":"2026-05-18T15:03:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97196"},"modified":"2026-05-18T18:05:29","modified_gmt":"2026-05-18T15:05:29","slug":"strategy-amasses-4-of-bitcoin-supply","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strategy-amasses-4-of-bitcoin-supply\/","title":{"rendered":"Strategy Amasses 4% of Bitcoin Supply"},"content":{"rendered":"<p>Strategy has acquired 24,869 BTC for $2.01 billion. According to a report filed with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>, the transactions occurred between May 11 and May 17 at an average price of $80,985.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Strategy has acquired 24,869 BTC for ~$2.01 billion at ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026. As of 5\/17\/2026, we hodl 843,738 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$63.87 billion at ~$75,700 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/t.co\/y1zvePEuym\">https:\/\/t.co\/y1zvePEuym<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/2056349245913849969?ref_src=twsrc%5Etfw\">May 18, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The firm holds 843,738 BTC valued at approximately $65.3 billion\u2014over 4% of the total supply of the leading cryptocurrency. The average purchase price over time was $75,700. The company&#8217;s &#8220;paper&#8221; profit has reached $1.4 billion.<\/p>\n<p>To finance the purchases, Strategy sold common shares of MSTR for $83.7 million and preferred shares of STRC for $1.95 billion. The company retains limits for further securities sales under existing programs.<\/p>\n<p>On May 14, Strategy <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1050446\/000119312526225361\/mstr-20260504.htm\">agreed<\/a> to repurchase zero-coupon convertible bonds maturing in 2029. The nominal value is $1.5 billion, with a buyback price of approximately $1.38 billion. Among potential funding sources, the company mentioned selling the leading cryptocurrency\u2014contradicting the previously stated &#8220;pure accumulation&#8221; policy by <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a>.<\/p>\n<p>Analysts at K33 <a href=\"https:\/\/k33.com\/research\/articles\/clarity-ahead\">noted<\/a> that high demand for STRC creates regular buying pressure for bitcoin in the middle of each month. The company itself proposed paying dividends on these shares twice a month instead of once to enhance liquidity.<\/p>\n<h2 class=\"wp-block-heading\">AI Research<\/h2>\n<p>Analyst Willy Woo published the results of an audit of STRC conducted using two AI models\u2014Grok and Gemini Pro: he asked the neural networks to assess the risks of the yield instrument.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I ask Grok and Gemini to assess the risks investing in Strategy&#8217;s <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a> yield instrument. Then I asked it to estimate a yield that would fairly compensate the investor for the risk undertaken.<\/p>\n<p>Both concluded 11.5% was underpaying for the risk.<\/p>\n<p>Grok: 17-22% APY<br \/>Gemini: 16% APY<\/p>\n<p>\u2014 Willy Woo (@willywoo) <a href=\"https:\/\/twitter.com\/willywoo\/status\/2053626143950110787?ref_src=twsrc%5Etfw\">May 11, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The main question was whether the current yield of 11.5% adequately compensates for the risks undertaken. Both AIs concluded that investors are significantly underpaid.<\/p>\n<p>According to Gemini Pro&#8217;s analysis, a fair yield should be 16%. The Grok neural network was even more conservative, estimating the necessary payout range at 17-22% annually.<\/p>\n<p>Gemini&#8217;s detailed report stated that the current rate of 11.5% is &#8220;significantly overestimated&#8221; and does not account for the lack of direct asset backing, as well as risks related to bitcoin concentration and potential liquidity loss.<\/p>\n<p>Grok emphasized in its summary that the instrument is effectively a &#8220;leveraged bitcoin proxy disguised as a yield instrument,&#8221; and the current rate reflects market enthusiasm rather than real risk compensation.<\/p>\n<h2 class=\"wp-block-heading\">BitMine Increases Assets to $12.6 Billion<\/h2>\n<p>BitMine Immersion Technologies <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-28-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-6-billion-302774396.html\">has accumulated<\/a> 5.28 million ETH\u20144.37% of the total market supply of the cryptocurrency. The platform&#8217;s total assets have reached $12.6 billion. This sum includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>Ethereum worth $11.5 billion;<\/li>\n<li>202 BTC;<\/li>\n<li>stakes in Eightco and Beast Industries valued at $283 million;<\/li>\n<li>$685 million in cash.<\/li>\n<\/ul>\n<p>BitMine maintains its lead in Ethereum reserves among public companies. In the global crypto treasury ranking, it ranks second, only behind Strategy.<\/p>\n<p>Approximately 4.7 million ETH has been placed in the company&#8217;s own staking service, <a href=\"https:\/\/forklog.com\/en\/news\/bitmine-launches-institutional-ethereum-staking-platform\">MAVAN<\/a>. The current yield is 2.8% annually, bringing BitMine about $289 million per year. The company plans to increase its ETH holdings to 5%.<\/p>\n<p>BitMine Chairman Tom Lee linked the growth in metrics to institutional interest in blockchain and the potential adoption of the <a href=\"https:\/\/forklog.com\/en\/news\/clarity-act-clears-key-senate-vote\">CLARITY Act<\/a> in the U.S. Senate. In his view, the document will create transparent rules for the industry.<\/p>\n<p>Back in May, Lee <a href=\"https:\/\/forklog.com\/en\/news\/bitmine-to-reduce-ethereum-demand\">stated<\/a> that the company had nearly reached its goal of accumulating Ethereum and plans to slow down its purchasing pace.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy has acquired 24,869 BTC for $2.01 billion. According to a report filed with the SEC, the transactions occurred between May 11 and May 17 at an average price of $80,985.<\/p>\n","protected":false},"author":1,"featured_media":97197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BitMine has accumulated 4.37% of the Ethereum supply.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1207,1473,1514],"class_list":["post-97196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-microstrategy","tag-reserve-currencies","tag-willy-woo"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"BitMine has accumulated 4.37% of the Ethereum supply.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97196"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97196\/revisions"}],"predecessor-version":[{"id":97198,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97196\/revisions\/97198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97197"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}