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When Does Strategy Hit 1,000,000 Bitcoin?

Live countdown, projection modeling, and full purchase history from SEC filings.

Latest Buy +3,273 BTC Apr 27, 2026

Data as of April 27, 2026

Disclaimer: This tool is for informational and educational purposes only and does not constitute financial advice. Projections are mathematical models with stated assumptions and are not predictions. Holdings and purchase data are sourced from Strategy Inc.'s public API and SEC EDGAR filings. Live market data is provided by live market data feeds. Always verify data from primary sources before making investment decisions.

True North is for informational and educational purposes only. Nothing presented should be considered investment advice. Full disclaimer .

Strategy's Path to 1 Million Bitcoin

Strategy Inc. (NASDAQ: MSTR), formerly MicroStrategy, has been accumulating Bitcoin since August 2020 under Executive Chairman Michael Saylor's leadership. What began as a treasury reserve strategy has evolved into the largest corporate Bitcoin position in history, with the company now holding more Bitcoin than any publicly traded entity.

Saylor has publicly stated that Strategy's long-term goal is to accumulate a significant percentage of Bitcoin's 21 million fixed supply. At the company's current acquisition trajectory — funded through a combination of convertible notes, ATM equity offerings, and the STRC perpetual preferred — reaching 1,000,000 BTC is a matter of when, not if. This tracker models that timeline under three scenarios.

How the Projection Model Works

The countdown uses a compound growth model based on Strategy's historical quarter-over-quarter BTC acquisition rate. Rather than assuming flat weekly purchases, it models the acceleration pattern that has defined Strategy's buying — each quarter's acquisition tends to be larger than the last, driven by the company's expanding capital markets access.

The base case (16% QoQ) reflects the historical average acquisition growth rate since Q3 2020, as analyzed by Grain of Salt (@Z06Z07) and corroborated by Benzinga and CoinDesk reporting. This is the most empirically grounded scenario.

The bear case (12% QoQ) models capital market tightening: reduced ATM access, higher borrowing costs, or a period of BTC price stagnation that limits equity issuance. The bull case (24% QoQ) models the STRC reflexivity amplification — a 1.5x multiplier on the base rate reflecting STRC's ability to raise capital independently of MSTR stock price or BTC price movements.

Data Sources & Methodology

Every number on this page traces to a verifiable primary source:

  • Current holdings & NAV: Strategy Inc.'s public disclosures — the same data that powers strategy.com
  • Purchase history: Sourced directly from Strategy Inc. (strategy.com/purchases), verified against SEC EDGAR 8-K filings
  • Live BTC price: Real-time cryptocurrency pricing with multiple provider fallbacks for reliability
  • Historical BTC prices: Strategy Inc.'s bitcoinHistory API for portfolio valuation calculations

Portfolio valuation is displayed from two independent sources: Strategy's reported NAV (from their API) and a live calculation (holdings × current BTC price). These should match closely; any meaningful discrepancy signals a data freshness difference between the two sources.

Frequently Asked Questions

How many Bitcoin does Strategy own?
As of April 27, 2026, Strategy holds 818,334 Bitcoin, representing 81.8% of the 1,000,000 BTC target.
Where does this data come from?
Holdings data comes directly from Strategy Inc.'s public disclosures. Purchase history is compiled from SEC EDGAR 8-K filings. Live BTC prices via real-time market data feeds. No unverifiable third-party sources are used.
How is the countdown calculated?
The countdown uses a compound growth model based on Strategy's historical quarter-over-quarter BTC acquisition rate. The base case (16% QoQ) reflects the historical average since Q3 2020, as analyzed by Grain of Salt (@Z06Z07) and corroborated by Benzinga and CoinDesk. The QoQ rate is converted to weekly compounding (13 weeks/quarter) and projected forward until 1,000,000 BTC is reached.
What is STRC and why does it affect the bull case?
STRC (Strategy Preferred Stock) is a perpetual preferred equity instrument that enables Strategy to raise capital for Bitcoin purchases independent of its common stock price (MSTR) or Bitcoin's price. Because STRC does not increase diluted share count (ADSO), it creates a reflexive flywheel: more capital raised → more BTC purchased → higher BTC Yield → higher valuation → easier capital raises. The bull case applies a 1.5x multiplier to the base rate to reflect this amplification.
When does Strategy typically announce new purchases?
Strategy typically announces new Bitcoin purchases via SEC 8-K filings on Monday mornings. The company has made purchases nearly every week since late 2024, though the cadence and size vary based on capital market conditions.
Is this financial advice?
No. This tool is for informational and educational purposes only. Projections are mathematical models with stated assumptions, not predictions. Nothing presented should be considered investment advice. Always consult a qualified financial advisor.

True North is for informational and educational purposes only. Nothing presented should be considered investment advice or an offer of any security or investment product. Consult your own investment and tax advisors. Full disclaimer.

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