The company's treasury is buying Bitcoin at a faster rate than miners are producing.

Corporate Treasuries Are Changing the Supply and Demand Dynamics of Bitcoin

@STRC_live tweeted that after issuing preferred shares with a 11.5% yield, the company bought about 1,015 BTC in a single day. This is not an isolated event but a signal that corporate treasuries are shifting from “passive holding” to “active buying.”

According to SEC disclosures, Strategy recently spent $204 million to buy 3,015 BTC, bringing its total holdings to 720,737 BTC. Once the news spread, market discussions began: could companies like STRC, through equity financing, potentially absorb all new miner supply on a weekly basis?

Samson Mow said that as Strategy, Metaplanet, and BTSR accelerate their purchases, the “window to pick up cheap chips” is narrowing. STRC is an equity vehicle and cannot be tracked directly on-chain, but SEC filings confirm real accumulation behavior. Strategy currently holds about $47.5 billion worth of Bitcoin, with an unrealized loss of around $7 billion, but it continues to buy.

This relates to a broader macro hypothesis: if productivity gains from AI create deflationary pressures, central banks might respond with larger-scale liquidity injections, making incremental funds favor scarce assets—Bitcoin fits this profile perfectly.

• Supply absorption estimate: Miners produce about 3,000 BTC weekly; based on recent issuance and buying pace, just STRC alone could buy 4,000–5,000 BTC weekly. If true, corporate buyers are not only absorbing all new supply but also absorbing existing sell pressure.
• Yield comparison: @TychoOnnasch and @saturn_credit pointed out that BTC-backed corporate debt with an 11%+ annualized yield far exceeds DeFi lending yields of 2-5%, attracting institutional capital into structured credit products.
• Feedback loop: Price rises → companies find it easier to issue shares → buy more BTC → pay dividends → repeat. The obvious risk is that if BTC drops back to the $8K–$16K range, leveraged positions could be liquidated.

Some note that MSTR’s stock price fell about 3% during the accumulation period. That’s not the main point. Short-term price fluctuations do not change the main trend. What is truly changing is the structural shift in Bitcoin’s supply and demand.

Price Predictions and What Is Happening

Joe Burnett predicts BTC will reach $11 million by 2036. This figure is aggressive, but the underlying logic—that AI-driven deflation will force monetary expansion—is not entirely unfounded. The key is that this “playbook” is already unfolding in corporate finance in real time.

Market opinions vary widely. Bulls see STRC’s record-breaking purchases as evidence of “historic accumulation”; skeptics point to Strategy’s $7 billion unrealized loss and leverage thresholds, fearing systemic risks. Both perspectives have merit.

Meanwhile, Metaplanet announced a target of 100,000 BTC, and BTSR raised $1.5 billion through PIPE. Adoption by corporations is happening faster than most expected.

This table reflects how the same information can be interpreted differently. The consensus is: Bitcoin is shifting from a speculative asset to a standardized corporate treasury asset.

Short-term traders are missing the bigger picture. The key over a longer cycle is that companies are systematically and cyclically accumulating Bitcoin using yield-generating tools. If the macro path of “AI → monetary expansion” materializes, by around 2030, Bitcoin’s fixed supply property will be further reevaluated.

Conclusion: We are still in an early stage, especially advantageous for participants capable of meeting institutional demand. The real beneficiaries are builders of Bitcoin-backed credit and corporate treasury products, as well as medium- to long-term funds and funds that can hold structured company debt/preferred shares; short-term traders have the least advantage.