2376: 174,874 Bitcoin Added - The Buyers Won't Stop

**Justin Verrengia** (0:00)
Here's what I don't understand. If Bitcoin is dead, why do they keep buying it? Listen to this, 174,874 Bitcoin, gone. That's how many coins Strategy has removed from the market this year alone. The shocking part, they're still buying, week after week, month after month. While everyone else argues about the Bitcoin price, most people have no idea how aggressive this accumulation has become. Strategy just announced another Bitcoin purchase, bringing its total holdings to 847,363 Bitcoin. That's more than 4% of the entire supply.
One company, one balance sheet, one buyer. Think about that. Every time Saylor buys, those coins move into long-term storage. They become harder for the market to access, harder to acquire, harder to replace, and yet the purchases keep coming. What makes this even more remarkable is that Saylor isn't slowing down. Alongside the purchase, Strategy announced it increased its cash reserves by another $300 million.
The company now holds 1.4 billion USD ready to deploy. In other words, the buying isn't over. The war chest continues getting bigger. And if Strategy simply maintains its current pace, it could acquire nearly 350,000 Bitcoin this year alone. And if prices drop even more, that number will be even higher. That's 350,000 Bitcoin, fam, in a single year. Thus more Bitcoin than most nations, institutions, and corporations could ever dream of owning. Meanwhile, Strategy isn't alone. Vivek Ramaswamy's Strive is also buying. Adam Back is buying. Treasury companies are buying. ETFs are buying. Long-term holders continue accumulating. And according to K33, long-term holders now control a record 79% of the Bitcoin supply.
The strongest hands are holding more coins than ever before. That's the real story. Not the price, not the volatility, and not the headlines. The story is ownership. The story is who controls the available supply. Because while critics continue debating Bitcoin, the buyers keep taking coins week after week, month after month, year after year. The supply doesn't grow. The supply doesn't adapt. The supply doesn't respond to demand. 21 million. That's it. No central bank could ever print more. No government can create more. And no CEO can issue more. But demand continues growing. And the list of buyers continues expanding. We got public companies, asset managers, family offices, sovereign wealth funds and nations. That's why the conversation is changing. The question is no longer, will Bitcoin survive? That question has already been answered. The real question is how much Bitcoin will be left when the rest of the world finally decides it wants some too? Because if one company can acquire nearly 175,000 Bitcoin before we're even halfway through the year, imagine what happens when dozens of buyers start competing for the same pool of available coins. That's when scarcity becomes obvious. That's when supply shocks happen. And by the time most people figure it out, the buyers still won't stop. One final question. If one company can buy 175,000 Bitcoin, what happens when 10 companies try to do the same thing? And here's the proof. Saylor posted this morning, strategy has increased its US dollar reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its digital credit securities. We have also acquired 520 Bitcoin for $35 million, increasing our Bitcoin reserve to $847,363 BTC.
So as you can see, Saylor continues doing what he does best, adding Bitcoin to the balance sheet. Now, Saylor Strategy made that announcement today. I want you to see the bigger picture. That's now over 85,244 Bitcoin thus far that the company has bought this quarter. And that's 174,874 Bitcoin added to the balance sheet this year. And we're not even halfway through the year. So let that sink in. And obviously, a lot of these Bitcoins, which were acquired earlier in the year, were at a much higher fiat price. So as the Bitcoin price continues, hovering at 60,000 at these levels, that just means Saylor will be able to buy even more because he's able to raise billions and billions of dollars of capital, tap it into digital credit with products such as STRC, which he has used to raise $10 billion within the first 10 months. And so not only is he building his Bitcoin balance, but he's also building his fiat war chest, which is a good sign that he's here to make sure his shareholders are taken care of because that's what the fiat is for at the end of the day, so they don't have to sell their Bitcoin.
Today's episode is brought to you by Cash App. One thing that's interesting about Bitcoin is that most people only think about it as an investment, but Bitcoin was originally created to be money, something you can actually use. Bitcoin is often talked about as an investment, but it was built to be used. With Cash App, you can actually do that. Send Bitcoin instantly, pay out local square businesses that accept it or move it to your own wallet whenever you want. It works like real money, and less like something locked in an account. For a limited time, new customers can get $10 added to their balance. Just use code CASHAPP10 when you sign up. And don't forget this part. Send at least $5 to a friend in the first two weeks. Terms apply. Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partners. Bitcoin services provided by Block Inc. Brand. For additional info, see the Bitcoin disclosure at cash.app forward slash legal forward slash podcast. Welcome, everyone. Today is part of episode 2376 I'm your host, JV. It's June 22nd, 2026 Now, over 95.45 percent of the total Bitcoin supply has already been issued. Digital scarcity at its finest. And there's now less than one million Bitcoin to be awarded from now to the year 2140, when the very last Bitcoin is mined. And I want you to think about this. Just companies like Strategy alone is more than buying up the available supply awarded to the miners. It's currently 450 Bitcoin per day. And if one company can soak up the entire available supply, what's going to happen when US governments and China and Russia and other massive nations, which have large pools of capital to deploy? What's that going to do? It's going to cause a supply shock, game theory, everyone competing for the same finite limited supply asset. And you already know, so be prepared. These bare winters are very short-lived. Before you know it, we'll be back in price discovery. It's just ironic that nobody wants to buy Bitcoin when it's at a two-for-one discount, like today. People prefer to pay all-time high prices when it's in price discovery. For example, when Bitcoin's back above 126, you're going to have so much retail buying, you're not going to understand. Where has everyone been? Because some people wrote it off, thought it was dead. You know, Saylor murdered Bitcoin, as Jim Cramer once said, you know, can't make this shit up. But now is a great time to be stacking, and the smart money knows this, and that's why you have the long-term holders and the whales accumulating like there's no tomorrow. They know what's coming next. Now, breaking news, over 50 crypto industry leaders are meeting with US. Senators tomorrow to demand the Bitcoin Clarity Act passage. We demand the Crypto Clarity Bill is heading to President Trump's desk soon, and White House officials are speculating the bill can be done by July 4th, Independence Day. What a beautiful Independence Day it shall be with Clarity Act. And the core reason this is so important is the massive institutions, many of which control trillions of dollars, and the banks, they need this to pass so they can deploy their capital into Bitcoin. So that's what we've been awaiting. Also, the Strategic Bitcoin Reserve, which is calling for the US to acquire 1 million BTC over the course of five years, 200,000 BTC per year, and to hodl for 20 years, which is five administrations. I believe once that officially happens and the US moves towards making it happen, I believe China, Russia, and all the other major nations are not just going to sit back and watch on the sidelines. They're going to get a piece of the action because nobody wants, for example, some other country to become the Bitcoin super power of the world, you know? So be prepared. Now is the calm before the storm, in my opinion. This just in, $7 trillion Fidelity just revealed that the major banks will be announcing Bitcoin products every single day when clarity passes. Institutions still on zero are now simply out of excuses. When I first started at Fidelity five years ago, it was, this isn't real tech. It's just code. There's no value here. It's only used for illicit purposes, criminals, drug traffickers, anti-money laundering, tax avoidance. And now they've moved to, I don't know how to hold it in a compliant way, or I'm not sure about some of the other technicalities of it. We still have yet to see a huge amount of movement. It's always happening at the margin, but eventually I think that will come, especially as we do get more regulatory clarity. Well, there you go. Coming directly from the VP of Research of Fidelity Digital Assets. Also, I like to throw out their Fidelity's head of macro, Jurian Timmer, is the one who predicted Bitcoin to reach a billion dollars by the year 2038, which is the most bullish prediction we have ever covered on this podcast in the past eight years. So Fidelity, extremely bullish and also kudos to Fidelity. They're the only major asset manager I'm aware of that self-custodies their own Bitcoin. They're not dependent upon a custodian, and I respect that, but that's pretty bold for them to say that the major banks will be announcing Bitcoin products every single day after the Clarity Act passes. And part of the reason why the Clarity Act is so important. Now this just in, Strive acquires 759 Bitcoin for 50 million, bringing its holdings to 19,864 BTC. You can see the Strive Bitcoin Strategy Tracker right here, kind of reminiscent of the Saylor or Strategy Tracker from MicroStrategy. But here it shows they currently have 21 purchases. And you know 21 is a very significant number. Here in the Bitcoin space, Ramaswamy's $2 billion Strive. This is Ramaswamy's company and this is them. $50 million worth of Bitcoin will be held forever by a public company with real conviction. This is just the beginning and this is just the first week of the first ever daily dividends offering the public markets have ever seen, so we know what's coming next, Joe. $3 billion exchange giant bullish announces live on CNBC it will not sell. $1.6 billion worth of Bitcoin holding $25,000 Bitcoin through one of the worst bear markets on record. Legendary conviction. $15 billion bank and giant TD Cohen just said Michael Saylor's MSTR is heading to $400.