Strategy, which holds the world’s largest corporate reserves of Bitcoin (BTC), could end 2026 with a total acquisition of $30 billion worth of the digital currency, according to estimates published yesterday (May 7) by JPMorgan analysts.
An analysis led by Nikolaos Panigirtzoglou concluded that the current pace of purchases predicts record numbers.
In the first four months of 2026, The strategy acquired 145,834 BTC, which corresponds to $11 billion in spending. The numbers indicate that the company is on an accelerating growth trajectory from 2024 to 2025.
In fact, in the first quarter of 2026, the company had already invested half of the capital allocated to Bitcoin in the previous two years. From 2024 to 2025, the organization maintained an annual investment rate of $22 billion. Analysts at J.P. Morgan estimate that if the current pace of purchases is maintained, the cap is likely to be breached.
“The strategy appears to have accelerated Bitcoin purchases again in April, extending the increasingly opportunistic acquisition trend observed in 2026, depending on both market conditions and funding availability,” they noted.
Analysts at the bank note that the company’s financial strategy has become more aggressive in recent months. At the beginning of 2026, the organization’s financial balance was 672,497 BTC. After operations conducted until April 27th, its total holdings reached 818,334 BTC.
The acquisitions between February 17th and April 20th were carried out while the Bitcoin price remained below $75,000. This range is particularly important because it matches the estimated average purchase cost of the entire portfolio. By purchasing below that average, the company has been able to reduce the relative cost of its total accounting investment.
Outlook for the rest of the year and strategy under the current scenario where Bitcoin is trading around $80,200 $19 billion still needed to reach goal JP Morgan’s forecast. The funds could allow the company to purchase approximately 236,907 additional BTC. If this investment is completed without selling any units, the total treasury will reach 1,055,241 BTC at the end of 2026.
Despite this bullish buying trend, Strategy decided to temporarily suspend its buying program this week. The interruption was in response to the first-quarter earnings suspension that occurred on May 6th. The company reported: Normal market operations expected to resume next weekas reported by CriptoNoticias.
But its last quarterly report, released on May 6, introduced nuances that could change JPMorgan’s outlook. Strategy’s board of directors has revealed that it is considering the possibility of using a portion of the funds in Bitcoin to fund dividend payments on its preferred stock, identified by the symbol STRC. Dividends are payments made by companies to shareholders as part of their distribution of profits.
This option includes the possibility of selling part of your digital asset holdings in order to meet the aforementioned financial obligations. This approach marks a welcome shift in Strategy’s historical narrative, which has been defined by a strict policy of long-term accumulation without sales. This corporate identity, focused on holding assets indefinitely, could be transformed if the company ultimately decides to liquidate some of its reserves.
