In a provocative declaration that has sent ripples through the cryptocurrency world, Michael Saylor, Executive Chairman of Strategy Inc. (formerly MicroStrategy), has vowed to acquire every last Bitcoin in existence. The goal? To slash the asset's circulating supply, bolster the Bitcoin network's resilience, and cement its status as the ultimate store of value.
Speaking at the Bitcoin MENA conference in Abu Dhabi earlier this year, Saylor framed this as a strategic imperative for institutions eyeing digital gold, urging sovereign wealth funds like Saudi Arabia's to follow suit by snapping up "all bitcoins" to multiply their wealth exponentially.
While Saylor's rhetoric paints a picture of total domination, insiders and analysts alike recognize it as motivational firepower for Strategy's relentless accumulation drive - far from a literal blueprint to vacuum up the capped 21 million BTC supply.
Strategy's Bitcoin Empire: Holdings That Rival Nations
Strategy's Bitcoin obsession is no mere side hustle; it's the company's lifeblood. As of early December 2025, the firm boasts 660,624 BTC on its balance sheet, representing a staggering 3.1% of Bitcoin's total ever-to-exist supply.
Valued at approximately $66 billion at current market prices hovering around $100,000 per coin, these holdings eclipse the reserves of many central banks and underscore Saylor's unyielding conviction in BTC as "apex property." The portfolio was amassed at an average cost of $74,696 per BTC, with recent purchases pushing the total acquisition spend to $49.35 billion.
Fueling this hoard is a high-octane buying cadence: up to $1 billion weekly in fresh acquisitions, often funded through innovative equity issuances and preferred stock offerings. Just last week, Strategy scooped up 10,624 more BTC for $962.7 million at an average of $90,615 per coin - a move that briefly lifted shares amid a broader market rebound.
This isn't impulsive trading; it's a deliberate treasury rotation from fiat to what Saylor calls "digital energy," designed to outpace inflation and volatility in traditional assets.
Pioneering Bitcoin-Backed Finance: From Hoarding to Lending
Saylor's vision extends beyond stockpiling. At the Abu Dhabi event, he unveiled a multi-tiered financial architecture resembling a "Bitcoin-powered shadow central bank." At its core is an over-collateralization mechanism for issuing stable, Bitcoin-secured credits—essentially transforming BTC's price swings into reliable cash flows for institutions.
By pledging excess BTC as collateral (often at ratios exceeding 200%), Strategy aims to create low-risk debt instruments that yield predictable USD returns, all while keeping the underlying asset locked away.
This innovation ties into a broader suite of products, including perpetual preferred stocks like STRFC and STRF, which hit record lending volumes of $18.9 million weekly in November 2025.
These "revolutionary Bitcoin-backed treasury credit instruments" allow investors to tap BTC's upside without direct exposure to its volatility, offering tax-deferred dividends for up to a decade.
Saylor envisions layering digital money on top - stablecoin-like equivalents issued by banks or exchanges, backed by Strategy's corporate credits and a $1.44 billion USD reserve established in December to cover dividends without ever selling BTC.
Partnerships are accelerating this shift. CEO Phong Le recently disclosed "constructive discussions" with major U.S. banks on Bitcoin custody, lending, and staking services. Once these platforms mature, Strategy plans to lend portions of its hoard, potentially unlocking billions in liquidity while maintaining its HODL ethos. Collaborations like the one with HCLTech for AI-driven analytics hint at blending legacy software roots with crypto-native finance, positioning Strategy as a bridge between Wall Street and the blockchain.
Rhetoric or Roadmap? The Limits of Infinite Accumulation
Make no mistake: Saylor's "buy it all" mantra is rhetorical rocket fuel, not a feasible endgame. With 19.3 million BTC already mined and the rest trickling out via halvings until 2140, absorbing the full supply would require trillions in capital—funds that would inevitably inflate prices to astronomical levels, rendering further purchases mathematically impossible.
Critics, including skeptics like Warren Buffett, decry it as a speculative bubble, arguing that Bitcoin's scarcity is a double-edged sword: it drives value but caps scalability for corporate treasuries. Even Saylor's own filings acknowledge risks, such as potential forced sales in extreme crises, though the new USD buffer mitigates this for now.
Detractors also flag dilution woes: Strategy's 2025 equity raises topped $6.7 billion, swelling shares outstanding and pressuring the stock, which trades at a 12-14% discount to its BTC NAV.
As Nasdaq 100 inclusion hangs in the balance amid a 40% YTD plunge, some analysts warn of index ejection if volatility persists. Yet, for Bitcoin maximalists, this is the point: Saylor's provocations aren't about realism but ignition - sparking a corporate rush that has already inspired over 100 firms to add BTC to their books.
A Network Fortified, A Revolution Ignited
Saylor's pledge, hyperbolic as it is, embodies Bitcoin's disruptive ethos: scarcity breeds power. By locking away 3% of the supply and architecting BTC-fueled finance, Strategy isn't just playing the game - it's rewriting the rules. As banks circle and loans proliferate, the question isn't whether Saylor can buy it all, but how his shadow bank will redefine money itself. In a world of endless fiat printing, one man's quest for digital scarcity might just secure Bitcoin's throne for generations.
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Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
