Do Bitcoin Halvings Matter Anymore If Strategy's STRC Exists?
Strategy's substantial Bitcoin purchases funded by STRC preferred stock are outpacing new BTC supply, potentially diminishing the impact of future halvings.Summary
Michael Saylor’s Strategy is aggressively acquiring Bitcoin (BTC) using its preferred stock, STRC, raising $1.18 billion last week alone. This purchasing power significantly exceeds the rate of new Bitcoin mining, with Strategy buying approximately seven weeks’ worth of global mining output in a single week. Analysts suggest this large-scale corporate accumulation could overshadow the traditional four-year halving cycle, which historically drives bull runs by reducing miner selling pressure. If Strategy continues to buy more BTC than miners produce, the halvings may become less relevant as a primary supply shock. Some analysts predict a potential price surge to $400,000 if Bitcoin rebounds from its six-year ascending trendline, fueled by this new demand structure. Strategy’s Q1 2024 accumulation is already its fastest quarterly pace since Q4 2024, despite broader market uncertainty.
(Source：Cointelegraph)