Strategy Eyes 1.5 million Bitcoin as Saylor Outlines Bold Accumulation Plan

TLDR: Strategy currently holds 720,000 BTC and targets 1.5 million, requiring roughly $55 billion in new capital raised The company uses preferred stock and convertible notes, meaning Bitcoin is not pledged for automatic liquidation triggers Strategy’s liquidity covers debt and dividends for up to 2.5 years, eliminating any need to sell Bitcoin during downturns. Owning 1.5 million BTC would place Strategy above Satoshi’s estimated holdings, making it the largest single Bitcoin holder. Strategy, led by Michael Saylor, has set a target to acquire up to 1.5 million Bitcoin. Saylor confirmed this goal during a recent CNBC interview. The company currently holds approximately 720,000 BTC. Achieving that number would require an additional 780,000 coins. At current market prices, that amounts to roughly $55 billion in new capital. Why Strategy Is Not at Risk of a Margin Call A recurring debate in crypto markets centers on whether Strategy could face a margin call. The question resurfaces each time Bitcoin experiences a notable price decline. However, the firm’s financial structure is specifically built to prevent that scenario. Strategy does not hold Bitcoin against automatic liquidation requirements. Unlike leveraged traders, the company’s exposure does not carry margin requirements tied to price movements. The company instead raises funds through instruments backed by its Bitcoin treasury as collateral. These instruments include preferred stock and convertible notes. Milk Road, a widely followed crypto outlet, reported that “the BTC isn’t pledged in a way that triggers automatic liquidation.” That structural detail is one that many critics overlook when assessing the company’s risk. Saylor just said on CNBC that Strategy could buy up to 1,500,000 Bitcoin. He currently holds around 720,000. That's a plan to roughly double. Every time $BTC dips, the same question appears: when does @Saylor get margin called? Most people asking that don't understand how… pic.twitter.com/4...