The odds are climbing that Strategy (formerly MicroStrategy) will hit the 620,000 BTC milestone in its holdings before August. According to the prediction market Polymarket, the probability has , a 21% jump in the last 24 hours alone.
The odds are climbing that Strategy (formerly MicroStrategy) will hit the 620,000 BTC milestone in its holdings before August. According to the prediction market Polymarket, the probability has , a 21% jump in the last 24 hours alone.
The firm currently 607,770 BTC, acquired at an average price of $71,756. This puts Strategy within striking distance of the target as Bitcoin itself trades near $119,000, just shy of its all-time high of $123,000.
This buying momentum comes amid a broader institutional scramble to accumulate Bitcoin and Ethereum, even as short-term on-chain traders, those holding BTC for 1 to 3 months, just 13% in unrealized profits.
While this group has historically taken profits when their gains exceeded 150% at previous cycle tops, their current muted profit levels suggest there is far less immediate selling pressure. This reduced volatility makes it easier for a major buyer like Strategy to continue accumulating without causing a sharp, disruptive price spike.
Strategy’s financial approach has also taken a dramatic turn with the recent launch of its $2 billion “” Preferred Stock (STRC). The offering was initially sized at just $500 million but was quadrupled due to surging investor demand.
The STRC offers a variable 9% dividend and is designed to trade around a stable $100 par value, a unique feature for a product indirectly linked to a highly volatile asset.
While the new stock doesn’t give investors direct exposure to Bitcoin, it is structured to benefit from the company’s massive holdings.
A recent NYDIG describes it as a “high-yield, bitcoin-backed, money-market-style vehicle” that offers a far more attractive yield than traditional short-term instruments, yet with a different liquidity and risk profile.
With $71.7 billion in Bitcoin assets against only $11 billion in liabilities, Strategy is betting it can generate income for investors without selling its holdings. The company aims to convert BTC’s historical 3%–4% annualized return (and often much higher) into consistent cash flow.
