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Strategy Acquires More Bitcoin While Market Watches
Michael Saylor’s firm Strategy has accumulated Bitcoin at a scale that few, if any, public companies are likely to match, according to Bitcoin entrepreneur Anthony Pompliano. Speaking on The Pomp Podcast, Pompliano said it would be extremely difficult for another publicly traded company to catch up given the timing, size, and consistency of Strategy’s purchases.
“Very hard to see that happening,” Pompliano said during the interview published Tuesday on YouTube.
Strategy’s Bitcoin Holdings in Context
Strategy currently holds 671,268 Bitcoin, representing roughly 3.2% of Bitcoin’s total 21 million supply. At the time of publication, those holdings were valued at approximately $58.6 billion, based on data from Saylor Tracker. Earlier this week, the company disclosed the purchase of an additional 10,645 Bitcoin for $980.3 million, paying an average price of $92,098 per coin.
Pompliano acknowledged that while it is theoretically possible for another company to accumulate a similar position, the probability remains low.
“Is it possible? Absolutely. Is it likely? I don’t think so,” he said, adding that while 3.2% is significant, “it’s not like they own 10%.”
Early Entry Created a Lasting Advantage
Pompliano highlighted Strategy’s early entry into Bitcoin as a key factor behind its dominant position. The company’s initial Bitcoin purchase in 2020 totaled around $500 million, when Bitcoin was trading between $9,000 and $10,000. That same allocation is now worth more than $4.8 billion, with Bitcoin trading near $87,500.
“So if you have 9x or 10x the amount of money for every purchase that they made, you gotta raise hundreds of billions of dollars,” Pompliano said.
Long-Term Holding Strategy and Market Impact
Concerns have been raised about Strategy’s growing influence due to its sizable Bitcoin holdings. Addressing these worries, Pompliano referenced comments from Strategy CEO Phong Lee, who recently told CNBC that the company is unlikely to sell any Bitcoin before 2065.
Meanwhile, Saylor has repeatedly stated on X that he plans to continue buying indefinitely. Importantly, Strategy conducts its large Bitcoin acquisitions through over-the-counter (OTC) desks, which are designed to minimize market impact and avoid sudden price disruptions.
Overall, Strategy’s long-term approach and early positioning continue to set it apart within the public company landscape.
