January 30 News, the representative company in Bitcoin corporate finance layout, Strategy, has once again been in the spotlight. The community continues to debate whether it holds “paper Bitcoin.” In response, founder and chairman Michael Saylor publicly stated that the company has purchased real Bitcoin, and has conducted audits of custodial institutions, with no rehypothecation involved.
Currently, Strategy holds approximately 712,000 Bitcoins, most of which were accumulated over the past two years. In 2024, the company plans to invest about $20 billion to buy BTC, and in 2025, an additional approximately $23 billion. By 2026, Strategy has added over 40,000 Bitcoins, with its purchase scale approaching several times the total new issuance on the network this year.
However, such large-scale accumulation has not led to a significant price increase, prompting some industry insiders to doubt the authenticity of its holdings. Security researcher and CasaHODL founder Jameson Lopp publicly pointed out that if these funds do not correspond to real on-chain Bitcoin, then the logic of “accumulating to push prices higher” does not hold.
On-chain analysis shows that Strategy currently stores Bitcoin across multiple custodial institutions. About 420,000 Bitcoins are traceable on the chain, while over 180,000 cannot be directly verified due to custodial structure issues. Analysts believe that more than 110,000 BTC lack a clear on-chain path, which is the core of external skepticism.
Nevertheless, Saylor insists that the company’s assets are secure and transparent, emphasizing that “real Bitcoin” is the foundation of its long-term strategy. As of press time, Strategy’s stock price slightly declined to $157.45, and Bitcoin experienced short-term fluctuations after the FOMC meeting.
The discussion around “real BTC” and custodial transparency continues. The controversy over the credibility of institutional holdings is becoming one of the focal points in the current Bitcoin market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
MicroStrategy’s Q1 BTC loss of $14.5 billion, continued using high-interest preferred stock financing to buy Bitcoin
MicroStrategy announced that it would add to its holdings by purchasing 4,871 bitcoins for $330 million, bringing its total holdings to 766,970 bitcoins, but its average cost is already higher than the market price, and its first-quarter loss reached $14.5 billion. The company relies on preferred stock financing and faces pressure from the capital markets and the risk of asset valuation. Although its share price has rebounded slightly, its long-term outlook is still affected by the overall economy.
ChainNewsAbmedia10m ago
Best Crypto to Invest In: Why Pepeto Targets Huge Gains Before Listings While Bitcoin Hyper and L...
The best crypto to invest in is not always the loudest project in the room. Retail buyers are trying to make sense of a market where Layer 2 tokens promise the world but deliver nothing you can use today. As Jack Dorsey’s Block launches Bitcoin Day and puts 15 BTC on the line to push adoption,
BlockChainReporter49m ago
BTC 15-minute drop of 0.62%: whale capital inflows into exchanges spark short-term sell pressure
2026-04-06 22:45 to 23:00 (UTC), BTC fell 0.62% in short-term trading. The price fluctuated between 68812.1 and 69240.0 USDT, with an amplitude of 0.62%. Trading volume rose in sync during this period, market attention increased noticeably, volatility risk rose, and short-term investors’ sentiment turned cautious.
The main driving force behind this unusual move is that on-chain data shows whales holding large amounts of BTC are concentrating funds to exchanges. Within 10 minutes, the total amount of funds transferred was about $420,000; within 24 hours, it reached 867.28 BTC, even higher. Then
GateNews2h ago
BTC drops below 69,000 USDT, and the 24-hour gain narrows to 1.25%
Gate News update: On April 6, market data shows that BTC has broken below 69,000 USDT, currently trading at 68,979.5 USDT. The 24-hour gain has narrowed to 1.25%.
GateNews2h ago
BTC 跌破 69000 USDT
Gate News bot 消息，Gate 行情显示，BTC 跌破 69000 USDT，现价 68911 USDT。
CryptoRadar2h ago
Bitcoin Holds Weekly Inflows While Ether, Altcoin ETFs Slip
Bitcoin ETFs managed a modest weekly gain despite sharp swings, while ether extended its outflow trend. Solana and XRP also declined in a shortened trading week.
Key Takeaways:
Blackrock IBIT helped drive $22.34 million bitcoin ETF inflows, but volatility signals weak conviction ahead.
Ether ET
Coinpedia2h ago
