[STG] Strategy targets holding 1 million bitcoins by year-end…needs to buy about 6,158 BTC per week

Source
Bloomingbit Newsroom

Summary

  • Strategy said it would need to buy an additional about 6,158 BTC per week over the remaining roughly 42 weeks to meet its goal of holding 1 million BTC by the end of 2026.
  • Strategy currently holds about 738,731 BTC, and would need to buy an additional about 261,269 BTC to reach the target.
  • Assuming an average bitcoin price of $85,000 per coin, it said achieving the target would require an additional about $22.2 billion in capital.

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Photo=PJ McDonnell/Shutterstock
Photo=PJ McDonnell/Shutterstock

Strategy, which has been pursuing an aggressive large-scale Bitcoin (BTC) holding strategy, would need to purchase an additional roughly 6,000 BTC per week on average to reach its goal of holding 1 million BTC by year-end, according to estimates.

According to Wu Blockchain on the 15th (local time), for Strategy to achieve its goal of holding 1 million bitcoins by the end of 2026, it would need to buy an additional about 6,158 BTC per week on average over the remaining roughly 42 weeks.

As of now, Strategy is estimated to hold about 738,731 BTC. It would need an additional about 261,269 BTC to reach the target.

Assuming an average bitcoin price of $85,000 per coin, the calculations suggest that around $22.2 billion in additional capital would be required to secure the remaining amount.

Strategy has continued its aggressive buying this year as well. Since the start of the year, it has purchased an additional 64,948 BTC in total, including 17,994 BTC bought just last week.

Bloomingbit Newsroom

Bloomingbit Newsroom

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