If you want a visual for what’s happening in Bitcoin right now, it looks a lot like the image above: fresh coins coming off the network, and a large buyer hoovering them up faster than most people realize.
Between Jan 12 and Jan 19, 2026, Strategy acquired 22,305 BTC for $2.125B, at an average price of $95,284 per BTC, bringing total holdings to 709,715 BTC (see the SEC 8-K and Strategy’s press release). Bloomberg noted this was Strategy’s largest Bitcoin purchase since July.
The supply math is the whole story
After the 2024 halving, the Bitcoin block subsidy dropped to 3.125 BTC per block, which works out to roughly ~450 BTC/day on average (Glassnode breaks this down in their halving coverage here).
That implies annual new mined supply of about:
- 450 BTC/day × 365 = ~164,250 BTC/year
Now compare that to Strategy’s latest buy:
- 22,305 BTC equals ~49.6 days of new issuance (basically 50 days)
- That is about 13.6% of an entire year of new mined supply
One buyer absorbed nearly 50 days of new supply in just 8 days.
Why “exchange sats” can end up costing more in fast markets
When liquid supply tightens and demand spikes, “premium” often shows up as friction, not a neat sticker price:
- worse fills (slippage)
- wider spreads
- higher fees
- thinner order books when you actually need size
That’s what we mean when we say exchange sats can get “priced at a premium” during a real supply squeeze. Not a guaranteed number, but a very real experience when everyone rushes at once.
Mining plugs you into the daily supply
There is only one place new Bitcoin comes from each day: mining.
If you own hashpower, you are not trying to time a rush to exchanges when the crowd turns bullish. You are connected to issuance and stacking sats as they come off the network.
If you want to be positioned before the next wave turns into a stampede, the move is simple: plug in ASAP.
Ready to start stacking wild sats?
Explore available rigs and get plugged in.
Not financial advice. Educational commentary on supply, liquidity, and mining.