One company is now buying more Bitcoin than the entire mining industry can produce. That’s not hyperbole. It’s math.
Strategy, the software-company-turned-Bitcoin-treasury-vehicle led by Michael Saylor, has acquired 171,238 BTC in the first four and a half months of 2026. During that same stretch, global miners produced roughly 62,000 BTC. In English: Strategy is absorbing nearly three times the new supply entering the market.
The company now holds 843,738 BTC as of May 18, at an average cost basis of approximately $75,700 per coin. That’s around $63.9 billion deployed into a single asset by a single public company. Bitcoin is currently trading at $77,500, which puts Strategy’s position slightly above water on a cost-basis level, but still down nearly 30% from where it sat a year ago.
The buying hasn’t slowed down
Strategy’s appetite appears to be accelerating, not tapering. In the week ending May 18, the company scooped up 24,869 BTC for $2.014 billion. A few weeks earlier, it added 3,273 BTC for $255 million in the week ending April 27.
