MicroStrategy, now operating under the name Strategy, is on a trajectory to potentially hold more Bitcoin than the cryptocurrency's pseudonymous creator, Satoshi Nakamoto, by March 2027. According to analysis by entrepreneur and investor Lark Davis, the company's aggressive accumulation strategy, fueled by a unique financing instrument, is removing massive amounts of BTC from the circulating supply.
As of early March 2026, Strategy's treasury holds 738,731 BTC, acquired at a total cost of approximately $56 billion. This represents over 3.5% of Bitcoin's total 21 million supply. The company's most recent purchase, its 102nd overall, was filed on March 9, 2026, for 17,994 BTC at an average price of $70,946, totaling $1.277 billion.
The engine behind this rapid accumulation is STRC – Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock. This preferred share product generates capital that the company converts directly into Bitcoin. Davis estimates this mechanism powers an average accumulation of 1,940 BTC per day, surging to roughly 5,700 BTC on peak record days.
To surpass Satoshi Nakamoto's estimated holdings of 1.1 million BTC (coins mined in 2009-2010 that have never moved), Strategy would need to acquire an additional 361,000 BTC. At its current daily pace, this goal is projected to be achievable by March 2027. If successful, Strategy would become the single largest active holder of Bitcoin, controlling over 5% of the total supply.
This institutional buying spree highlights a significant shift in Bitcoin ownership, placing Strategy among the four largest known holders globally, alongside Satoshi Nakamoto, BlackRock, and Coinbase. The trend raises fundamental questions about supply scarcity and decentralization, as large-scale corporate accumulation continues to reshape market dynamics.
