$Strategy(MSTR)$ keeps buying Bitcoin with conviction, viewing it as significantly undervalued. Bitcoin's annual production is just 164,250 coins, yet $Strategy(MSTR)$ acquired 225,000 in the past year. That represents 137% of annual output. $Strategy(MSTR)$ alone could absorb all new production and more. Tether allocates 15% of quarterly profits to Bitcoin, purchasing 8,888 coins last quarter. That accounts for 22% of production. Japanese firm Metaplanet plans to acquire 210,000 Bitcoin by 2027, intending to buy over half of production for the next two years. Such concentrated demand creates supply tightness.
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