{"id":88022,"date":"2026-04-30T03:31:34","date_gmt":"2026-04-30T03:31:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=88022"},"modified":"2026-04-30T03:31:34","modified_gmt":"2026-04-30T03:31:34","slug":"bitcoins-rally-is-being-supercharged-by-strategy-according-to-bitwise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=88022","title":{"rendered":"Bitcoin\u2019s Rally Is Being Supercharged By Strategy, According To Bitwise"},"content":{"rendered":"
\n

If Strategy keeps buying at its current pace, it could surpass Bitcoin\u2019s pseudonymous creator Satoshi Nakamoto<\/a> as the largest single holder of the cryptocurrency within two years.<\/p>\n

That projection, from Galaxy Digital research head Alex Thorn, puts into sharp focus just how much one company has come to shape the crypto market.<\/p>\n

A Preferred Stock Is Funding The Buying<\/h2>\n

Strategy \u2014 the treasury firm led by Michael Saylor \u2014 has poured $7.2 billion into Bitcoin over the past eight weeks, according to Bitwise chief investment officer Matt Hougan.<\/p>\n

He called it the \u201csingle biggest factor\u201d behind Bitcoin\u2019s climb of roughly 20% from its February low of $62,820. As of Wednesday, Bitcoin was trading near $76,550.<\/p>\n

The fuel behind those purchases<\/a> is STRC, Strategy\u2019s perpetual preferred stock. The company issues STRC<\/a> shares and channels most of the money raised directly into Bitcoin.<\/p>\n

\"\"<\/p>\n

Investors are drawn to it partly because it offers an 11.5% annual yield \u2014 well above what junk bonds are currently paying.<\/p>\n

Hougan said that with private credit losing favor among investors, STRC\u2019s yield backed by a Bitcoin reserve worth more than $40 billion looks attractive. He expects Strategy to raise billions more through the instrument.<\/p>\n

Strategy\u2019s Bitcoin buys have become a weekly occurrence. Its latest purchase \u2014 3,273 coins for $255 million between April 20 and 26 \u2014 pushed its total holdings to 818,334 BTC, edging past BlackRock\u2019s roughly 812,300 coins held on behalf of its clients.<\/p>\n

\"\"<\/p>\n

Dividend Payments Could Last Decades<\/h2>\n

Hougan ran the numbers on how long Strategy could sustain its dividend commitments. At current Bitcoin prices<\/a>, the company could theoretically keep paying existing dividends for 42 years.<\/p>\n

If Bitcoin grows at 20% annually, Saylor has argued, those payments could continue indefinitely. Hougan appears to share that view, saying the purchases are likely to continue \u201cfor some time to come.\u201d<\/p>\n

<\/p>\n

ETFs and large individual buyers have also played a role in the recovery. ETF inflows<\/a> have reached $3.8 billion since March 1, and long-term holders have resumed buying. But Hougan was clear that Strategy\u2019s consistent, large-scale purchases have outweighed those other factors combined.<\/p>\n

Closing In On Satoshi\u2019s Holdings<\/p>\n

Wallets attributed to Nakamoto hold a little over a billion Bitcoin \u2014 about 5.5% of the total supply. Strategy would need to acquire roughly 277,660 more coins to match that figure.<\/p>\n

Its weekly purchases have ranged widely this year, from as few as 850 coins in February to 34,160 on a single day in April, so the timeline depends heavily on how aggressively the company continues buying.<\/p>\n

Featured image from MetaAI, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If Strategy keeps buying at its current pace, it could surpass Bitcoin\u2019s pseudonymous creator Satoshi Nakamoto as the largest single holder of the cryptocurrency within two years. That projection, from Galaxy Digital research head Alex Thorn, puts into sharp focus just how much one company has come to shape the crypto market. A Preferred Stock […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-88022","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/88022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88022"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/88022\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}