Strategy Uses STRC Financing to Buy 17,994 BTC, Exchange Inventory Being Drained

The supply-side arithmetic is starting to hurt the shorts

Saylor tweeted that Strategy bought 17,994 BTC, right when the market was panicking due to geopolitical tensions and BTC dropped below $66,000. This timing is very telling: while retail investors focus on “war” headlines, a company is spending hundreds of millions of dollars to buy in.

Key numbers: On March 13, exchange net outflows were -4,671 BTC. Strategy now holds about 3.5% of the circulating supply. This isn’t just marketing talk; it’s the result of a continuous buy-and-hold account that rarely sells.

Market opinions are divided: Bulls believe this is the demand bottom of this cycle; skeptics worry about excessive leverage. Both sides can find supporting evidence.

Cointelegraph reports that Strategy raised approximately $378 million through 11.5% preferred shares STRC, which translates to an average daily buy-in capacity of about 1,420 BTC. If this pace continues, by August its holdings could surpass BlackRock’s ETF. The outcome is still uncertain, but the trend is real.

On-chain and market data also confirm this: CryptoQuant shows exchange reserves dropped to 2.74 million BTC as of March 14; on March 12, net outflows were -10,276 BTC. After the announcement, the price quickly rebounded from $66,000 to $71,000, with a peak daily volume of $81 billion on March 4. Santiment notes that after BTC reclaimed $70,000, market sentiment shifted back to FOMO.

I pay particular attention to the “noise effect” of geopolitical panic: tensions between the US and Iran, rising oil prices, US stock pullbacks—these are often used to short Bitcoin. But data shows BTC usually recovers quickly. More importantly, institutional programmatic buying doesn’t stop because of headlines; dips instead become replenishment windows for pre-set buy orders.

• The STRC mechanism is changing the game: converting equity volatility into stable income financing allows Strategy to keep buying below an average position of $75,862. Other companies are observing and learning this structure; Strive has already invested $50 million in STRC subscriptions.
• MVRV is at 1.31: According to CryptoQuant standards, still within a “relatively reasonable” range, not overheated. Shorts bet on macro disruptions, but their opponents are institutional buyers who “don’t read news, only follow algorithms.”
• The dissemination effect is clear: that tweet has 2.98 million views and 3,274 retweets. Lark Davis even speculated that Strategy might surpass Satoshi’s estimated 1.1 million BTC holdings before 2027. Whether true or not, the narrative of “company treasuries = new whales” is spreading.

Overall, on-chain absorption combined with STRC-supported corporate buying is building a scarcity narrative that’s easy to overlook amid “headline trading.” According to crypto.news, Bitcoin is testing the $73,000 resistance within an upward channel.

My conclusion: If you’re still waiting for a “better institutional entry point,” you’re probably late. Long-term holders and corporate treasuries like Strategy are bottoming and accumulating, while trading funds are still debating macro themes. I will continue to add in this range. With current absorption speed, reaching $100,000 by year-end isn’t unrealistic.

Summary: Readers are no longer early in this narrative. The advantage lies with institutional funds and long-term holders (including corporate treasuries and funds) capable of executing programmatic buys; short-term traders betting against the trend are at a disadvantage.