CHART: Strategy’s BTC growth slows to multi-year low
Strategy, the world’s largest bitcoin (BTC) treasury company, is adding coins at its slowest rate in five years. So far this quarter, the firm has added just 388 coins to the 640,031 it held at the end of Q3 — growth of just 0.1%. In previous quarters, Strategy has grown its treasury by high single and even high double-digit percentages. Indeed, in Q4 2024, its BTC holdings growth hit a multi-year high of 77%. Unfortunately, the price of Strategy’s MSTR common stock has also declined 10% this quarter alongside its dwindling purchases of BTC. In 2020, Michael Saylor’s 1990s enterprise software company pivoted into leveraged BTC purchases and, from a small base, the company had amassed 70,470 BTC by the end of that year. Growth in its BTC treasury continued at robust, double and high single-digital percentages throughout 2021, slowed in 2022, and then picked up again in 2023 and 2024. By Q4 of 2024, as the price of BTC was rallying amid Donald Trump’s succe...