Public Companies Now Hold Nearly 700,000 BTC, Will Saylor’s Strategy Buy More This Week?

• Public companies now hold nearly 700,000 BTC. 
• MSTR dominates this BTC accumulation race with 77%.
• The community expects Saylor to announce another BTC buy move soon.

The crypto market has been growing steadily bullish over the month of April. As we enter the final quarter of the month, analysts expect Q2 to lead to explosive gains for the crypto market. Already showing Bitcoin’s strength in global adoption and its bullish potential, public companies now hold nearly 700,000 BTC with MSTR dominating at 77% of total holdings and the company will likely continue its BTC accumulation.

Public Companies Now Hold Nearly 700,000 BTC

Since Bitcoin’s debut, the pioneer cryptocurrency has come a long way showing incredible resilience, potential, and strength taking the price of BTC from mere single digits to 6-digit prices. While Bitcoin hit an ATH of $109,000 earlier this year, the asset’s price currently sits at the $87,000 price range after a brutal correction phase that took it to the lower $70,000 price range. Now, analysts are waiting patiently for BTC to break out of its current sideways movement and reclaim higher prices.

Besides traders and analysts, public companies are likely more eager to see the price of Bitcoin breakout to higher prices in the coming days. This is because they now have more stake in the matter. As Bitcoin’s popularity grew over the last few cycles, major financial institutes and public companies began to tie their value to Bitcoin (BTC). They began to buy and hold Bitcoin in large quantities, thereby boosting their value significantly in bullish times. 

Besides public companies, nations also began to adopt Bitcoin. In fact, El Salvador made BTC a legal tender and doing so changed the shape of the country and allowed wealth and prosperity to arrive for its people. Its President, Nayib Bukele, centered Bitcoin at the heart of the city’s future and has thus seen his country flourish exponentially. Meanwhile, public companies now hold nearly 700,000 BTC with Michael Saylor’s Strategy dominating at 77% of total holdings. 

Can Strategy Maintain Its Lead?

As we can see from the post above, the chart depicts how Strategy (MSTR) has been in the lead since 2020 when it dominated at 83%. Now with more companies and nations joining in the BTC accumulations race, it will be interesting to see if MSTR and Saylor can maintain this lead . Seeing how Saylor is one of Bitcoin’s biggest advocates, it would come as now surprise if MSTR keeps its lead. 

In fact, the crypto community expects Saylor and Strategy to accumulate more Bitcoins soon. As we can see from the post above, it highlights how Saylor shared a Bitcoin tracker. In the past, when he did so, this move was usually followed by a BTC purchase announcement the next day. Will a new announcement arrive soon, and how much will Strategy accumulate this time?