Strategy’s bitcoin holdings have climbed to 714,644 BTC, a position that works out to roughly 3.4% of Bitcoin’s fixed 21 million maximum supply. The figure has been circulating widely online, often described as a share of “crypto supply,” but the calculation refers specifically to Bitcoin’s hard cap rather than the broader cryptocurrency market.
The latest holding total was disclosed in a February 9, 2026 update that Strategy released alongside a Form 8-K filing, while the company’s quarterly materials also summarized its bitcoin position and average cost basis heading into February.
Key Takeaways
- Strategy reported holding 714,644 BTC in its latest bitcoin holdings update.
- That stash equals about 3.4% of Bitcoin’s 21 million maximum supply, not “all crypto.”
- The company continues to fund purchases through capital markets activity and at-the-market programs described in its disclosures.
- Concentration among large holders can influence liquidity dynamics, especially during periods of heightened volatility.
What “3.4% of supply” actually measures
Bitcoin’s monetary policy caps total issuance at 21 million BTC. Using that ceiling, Strategy’s 714,644 BTC position equates to about 3.4% of the maximum number of bitcoins that will ever exist. That is distinct from “crypto supply,” which would imply the combined market of thousands of digital assets with no single shared cap.
It’s also different from Bitcoin’s circulating supply, which changes over time as new coins are mined. The 3.4% figure is a straightforward comparison to the 21 million limit rather than a claim about ownership of the entire digital-asset ecosystem.
Latest reported holdings and recent buying activity
In a February 9, 2026 announcement paired with a Form 8-K filing, Strategy said it acquired an additional 1,142 BTC and brought total holdings to 714,644 BTC. The disclosure included the company’s aggregate purchase price and average cost per bitcoin as part of its regular holdings updates.
Separately, in its fourth-quarter 2025 results materials released in early February, Strategy reported holding 713,502 BTC as of February 1, 2026 and provided updated figures for cost basis and market value at the time of that report.
How Strategy keeps expanding its bitcoin position
Strategy’s disclosures describe a playbook that relies on raising capital through equity and debt-linked instruments and deploying proceeds into bitcoin purchases over time. The company has repeatedly used at-the-market issuance programs and other financing activity to support additions to its BTC treasury, with those mechanisms outlined in its filings and press releases.
Market coverage in outlets including MarketWatch has also highlighted how closely Strategy’s stock performance and investor sentiment have tracked bitcoin price swings, particularly as the company’s balance sheet becomes increasingly bitcoin-centric.
Why concentration matters for markets
Large, long-term corporate holdings can reduce the amount of BTC that is freely traded day to day, which may amplify price moves when demand shifts quickly. While a high-conviction holder can be viewed as a stabilizing force during some selloffs, concentration can also become a focus point for market participants assessing liquidity, volatility, and potential forced-selling risk under stress scenarios.