The math behind Strategy’s path to 1 million bitcoin by the end of 2026

It's not out of the realm of possibility that Strategy (MSTR) could be the owner of 1 million bitcoin — or nearly 5% of the 21 million bitcoin that will ever be created — by the end of 2022.

The company currently holds 738,731 $BTC, meaning it would need to acquire another 261,269 $BTC to reach the milestone. With roughly 297 days, about 42 weeks, remaining in 2026, that implies an average purchase pace of around 6,158 $BTC per week.

Assuming an average bitcoin price of $85,000, Strategy would need to deploy roughly $523 million per week, or about $22.2 billion in total, to reach the 1 million $BTC mark by year's end.

Led by Executive Chairman Michael Saylor, the company's recent purchases suggest that pace may be achievable. Just last week, Strategy added 17,994 bitcoin. This week's acquisitions (likely to be disclosed on Monday) are likely to also be deep into the thousands. The company's STRC preferred stock issuance alone from Monday to Thursday suggested as much as 11,000 $BTC purchases. And this doesn't account for common stock issuance, which may have facilitated thousands more in bitcoin buys.

Longer-term, since launching its bitcoin treasury strategy in August 2020, Strategy has purchased an average of about 10,700 $BTC per month, equivalent to roughly 128,000 $BTC per year.

So far in 2026, the company has already acquired about 64,948 $BTC, putting it well ahead of its historical annual average pace of accumulation.