Cryptocurrency punters are growing less optimistic that Strategy Inc. (NASDAQ:MSTR) will hold more than 1 million Bitcoin (CRYPTO: BTC) by the end of the year, as the company begins normalizing its BTC sales
Tough To Hit This Year?
As of this writing, Polygon (CRYPTO: POL)-based Polygon assigned only 10% odds of Strategy clocking the 1 million milestone, down from 26% a month ago. At its highest point in April, the odds hit 65%.
The Michael Saylor-led firm currently holds 843,775 BTC in its treasury and needs to acquire an additional 156,225 BTC to hit the ambitious target. So far in 2026, it has added 171,275 BTC to its coffers. Last year, it acquired a total of 226,100 BTC.
Bitcoin Sales To Accelerate?
The odds come as Strategy pivots from being Bitcoin’s largest corporate buyer to selling the asset to fund its operations.
The company sold 32 BTC last month and sent cryptocurrency prices crashing. Last week, it offloaded 3,588 BTC for roughly $216 million. The sale was executed at an average price of roughly $60,000 per Bitcoin, well below Strategy’s average purchase price of $75,476.
Strategy has also announced a Bitcoin monetization program that lets the company sell its BTC to raise up to $1.25 billion for cash reserves, pay preferred dividends and interest on debt, and support repurchases of preferred and common stock.
Longtime Bitcoin critic Peter Schiff said that Strategy has fundamentally changed its operating model and would need to sell a “lot more” of its BTC holdings to preserve dollar reserves amid the ongoing slump.
Price Action: At the time of writing, BTC was exchanging hands at $62,991.93, up 0.25% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares were down 1.29% in Tuesday’s pre-market trading after closing at $100.77 on Monday.
Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
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