Michael Saylor's Strategy is buying Bitcoin (BTC) at roughly twice the rate miners produce it, reviving supply shock concerns across the market.
Strategy Outpaces Bitcoin Issuance
The firm picked up 34,164 BTC for about $2.54 billion in the week of Apr. 13-19, then added 3,273 more for $255 million through Apr. 26, according to a TechStock report citing Strategy's filings.
That brings total holdings to 818,334 BTC, acquired for roughly $61.81 billion.
Miners currently produce about 900 BTC per day, or 6,300 per week. Strategy's mid-April purchase alone exceeded weekly issuance by nearly 27,800 coins, Bitbo data referenced by Stocktwits showed.
The latest buy puts Strategy roughly 5,100 BTC ahead of BlackRock's iShares Bitcoin Trust, which held 812,276 BTC as of Apr. 27.
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Novogratz, Saylor See Supply Crunch
Galaxy Digital chief executive Mike Novogratz said on the All Things Markets podcast that Saylor is buying "multiple billions per week," adding "there is not enough supply" at current demand levels.
At Bitcoin Conference 2026 in Las Vegas on Apr. 27, Saylor estimated between $20 billion and $100 billion in new credit could enter Bitcoin markets over the next year, against roughly $10 billion in coins actually available for sale.
Bitcoin traded near $77,003 on Wednesday, down 1% over 24 hours. The asset has slipped from its November peak above $100,000, weighed by tighter macro conditions and geopolitical strain. Strategy has bought roughly 94,470 BTC year-to-date, putting its absorption rate at about 2.2 times new issuance.
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