Just caught that asset manager Strategy dropped another 3,273 BTC last week. They're now sitting on over 818k coins, which is wild. For context, that's more than BlackRock's holdings, so this asset manager has basically become the biggest single Bitcoin holder out there.

What caught my eye is how they're funding it - they're selling their own stock (MSTR) to buy more Bitcoin instead of using their preferred security like they did the week before. So they raised $255M by offloading 1.45M shares to grab those coins at around $77,906 each. That's a pretty aggressive move for a corporate treasury strategy.

The thing is, if this asset manager keeps up the pace they've been running this year - roughly 36k BTC per month - some analysts are projecting they could hit 1.2M BTC by end of 2026. That would be absolutely massive. You're talking about a threefold increase from where they are now. Obviously that depends on market conditions holding up and them continuing to have the capital to deploy, but it shows how serious they are about treating Bitcoin as a long-term treasury asset.

Current BTC price is hovering around $80.29K, so their total stash is worth over $65B at today's prices. Pretty remarkable when you think about how this started back in 2020. The asset manager has been consistent with this strategy through market ups and downs. Makes you wonder if other corporates are watching this and thinking about their own treasury moves.