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
Grayscale Hints at Bull Market Setup as Bitcoin Holds Critical Breakeven Level
Bitcoin markets are showing signs of a potential bottom as improving price action brings recent buyers back to breakeven. Grayscale points to strengthening positioning as a key signal that sentiment may be shifting toward more bullish conditions.
Key Takeaways:
Grayscale signaled bitcoin may
Coinpedia32m ago
Bitcoin Liquidation Data: $2.589B Long Positions at Risk Below $74,599; $1.812B Short Positions at Risk Above $82,419
Gate News message, April 23 — According to Coinglass data, if Bitcoin falls below $74,599, cumulative long position liquidations across major CEXs would reach $2.589 billion. Conversely, if BTC surges above $82,419, cumulative short position liquidations would reach $1.812 billion.
GateNews32m ago
Bitcoin Surges to $79,472 Then Retreats; $416M in 24-Hour Liquidations as Funding Rates Turn Negative
Gate News message, April 23 — Bitcoin climbed to a high of $79,472 yesterday evening before retreating to $77,933, according to Coinglass data. The rally triggered $416 million in liquidations over the past 24 hours, with short positions accounting for $339 million and long positions $76.36 million.
GateNews45m ago
Bitcoin Breaks Below $78K as 24-Hour Gains Reach 2.16%
Gate News message, April 23 — Bitcoin (BTC) fell below $78,000, trading at $78,000 per USDT with a 24-hour gain of 2.16%.
GateNews51m ago
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%
Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders.
Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th
GateNews9h ago
BTC 24H up 5.01%, current price 79399.3 USDT
Gate News bot message, Gate market data shows, BTC has risen 5.01% in the last 24 hours, current price is 79399.3 USDT.
CryptoRadar9h ago
