Sailor's Bitcoin Accumulation Strategy Tightens Market Supply

Since recording 252,200 Bitcoins on Strategy's balance, a span of just eight months has noticeably changed these figures. Currently, the company's wallets hold 576,230 Bitcoins. The average entry price surged from $39,000 to $69,749 per BTC, yet Sailor essentially locked in about 2.74% of all existing Bitcoin supply and nearly 3.5% of the real supply after accounting for permanently lost coins. This strategy is equivalent to a hyper-aggressive dollar-cost averaging (DCA). Rather than traditional weekly purchases, it involves issuance of convertible bonds and sale of new shares to exchange fiat for digital gold. Each bond series or secondary offering formally acts as a phase in the DCA strategy, with the size measured in hundreds of millions. The internal model used by Strategy determines whether Bitcoin is considered expensive or cheap based on the circulating supply—less free coins, the higher their perceived fair value for corporate treasury. What implications does this have for the market? First, each such purchase reduces liquidity. When individual investors aim to "buy the dip" during a future major correction, they may face a market with diminished supply and corrections limited to 20-30%, as a few large entities like MSTR can remove millions of coins from trading pools. Second, Sailor's example dismantles the old notion that Bitcoin is too volatile for public companies. With FASB standards moving towards fair value revaluation and ETFs managing billions in assets, a Bitcoin reserve on corporate books shifts from an exotic asset to a genuine diversification tool. If the current pace of accumulation continues until the next halving, Strategy could surpass 4% of the 'active' supply. Its shares might evolve into a managed ETF with a self-sustaining cash flow, and each subsequent bond issuance would become a market proxy for Bitcoin scarcity. For retail investors, the takeaway remains: systematic accumulation via DCA is still effective, but the gap between market corrections and new all-time highs will narrow as larger players increasingly hoard Bitcoin. Every purchase by Sailor raises the bar for what it means to hold Bitcoin, making it slightly less accessible for latecomers.