Institutional Coin Hoarding Accelerates: Strategy May Once Again Increase Holdings of Bitcoin, Exceeding 600,000 BTC Milestone

Michael Saylor released the Strategy Bitcoin Holdings Tracker, suggesting a new round of BTC acquisition is about to begin. The world's largest publicly traded Bitcoin holdings company increased its holdings by $427 million last week, breaking the historical milestone of 600,000 BTC, pushing its market capitalization beyond Nvidia to become the ninth largest holdings institution among U.S. companies.

Holdings break key threshold On July 21, on-chain data showed that Strategy's current Bitcoin Holdings reached 601,550 BTC (worth $70.94 billion). Previously, the company had just completed a 12-week continuous accumulation period, and the release of this Holdings tracker is seen by the crypto community as a typical precursor to an acquisition. Saylor emphasized the slogan "Stay Humble. Stack Sats" in a tweet, further reinforcing the market's expectations of an impending influx of institutional buying.

The institutional accumulation of coins continues to accelerate On-chain analysts observed a significant trend: last week (July 14-19), 21 Bitcoin Holdings institutions collectively increased their holdings by $810 million worth of BTC, nearly $300 million more than the previous week. Notably, institutional buyers ignored the volatility of BTC reaching a historic high of $123,000, as they issued a total of 17 holdings announcements and initiated 11 fundraising activities last week, indicating that more capital is being deployed.

Controversial Valuation Comparison Former Ripple developer Matt Hamilton raised a controversial point: if Strategy had chosen to invest in XRP instead of Bitcoin back then, its current valuation might have doubled. This statement has sparked heated discussions in the crypto community about alternative asset allocation strategies.

Market Dynamics As of the time of writing, the spot price of Bitcoin has stabilized around the $118,000 mark, but the daily trading volume has decreased by 23.64%. Analysts believe that the capital flow from the spot ETF and the continuous accumulation by institutions are forming a dual-track driving pattern.

Conclusion As listed companies' Bitcoin allocation enters a strategic normalization, the holdings trend of Strategy has become a barometer for institutional funding. With the continuous influx of capital into spot ETFs and the dual support of institutional balance sheet increases, the compliance process of Bitcoin as a corporate reserve asset is accelerating.