According to Michael Saylor, Strategy has acquired 17,994 BTC for approximately $1.28 billion, averaging $70,946 per bitcoin. As of March 8, 2026, the company now holds a total of 738,731 BTC, obtained at a cumulative cost of $56.04 billion, with an average purchase price of $75,862 per bitcoin. This significant holding underscores the company's ongoing commitment to Bitcoin as a strategic asset.

According to Crypto Rover, on-chain data indicates that Bitcoin miners are not selling their BTC holdings, which demonstrates strong confidence in future price appreciation (source: Crypto Rover via Twitter, May 8, 2025). Historically, when miners retain their mined coins, it often reduces market sell pressure and can act as a bullish indicator for traders seeking long opportunities. This behavior suggests a positive sentiment among 'smart money' participants and may lead to increased spot demand, impacting Bitcoin and the broader cryptocurrency market.