Strengthening Organizations: Anchorage Enhances Bitcoin Position as Strategy Expands Treasury Strategy

The Bitcoin market is witnessing an interesting phenomenon: while short-term traders are increasing their positions to push prices down, major institutions are continuously accumulating and expanding their commitments. The latest story comes from Anchorage Digital, when the company confirmed holding STRC — a perpetual preferred stock of Strategy — clearly reflecting the long-term commitment of financial institutions to Bitcoin.

Alliance of Infrastructure-Focused Organizations in Bitcoin

Anchorage Digital announced its decision to include STRC in its investment portfolio, a strategic move as institutional investors seek to demonstrate their commitment to Bitcoin. Co-founder and CEO Nathan McCauley shared that both companies — Anchorage and Strategy — are building infrastructure around Bitcoin and a treasury model focused on this asset.

McCauley’s statement highlights an important trend: “Organizations are not just talking about Bitcoin; they are building frameworks around it.” This signals a shift from exploration to actual commitment. STRC offers an 11.25% annual yield paid monthly, with the funds continuously financing Strategy’s Bitcoin accumulation. Anchorage’s decision is not just a simple addition to the portfolio but a message of long-term confidence in a Bitcoin-focused treasury strategy.

Clear Distinction: Accumulation vs. Price Suppression

Recently, Strategy became the most heavily shorted large-cap stock on Wall Street relative to its market cap, according to Goldman Sachs data. A year ago, the company was not among the top 50 most shorted stocks, but now it ranks at the top as its stock price fluctuates ahead of Bitcoin’s peak in late 2025.

However, the increasing downward pressure has not stopped organizations from continuing to accumulate. Strategy currently holds 717,722 Bitcoin, valued at approximately $46.68 billion. The average purchase cost is around $76,020 per Bitcoin, and the company is currently facing an unrealized loss of about $7 billion as Bitcoin trades around $68,000 (data as of March 2026). Despite market pressures, Strategy continues to buy — recently acquiring 592 Bitcoin valued at about $39.8 million.

This contrast is clear: short sellers borrow shares hoping to buy back at lower prices, while organizations like Strategy and Anchorage continue accumulating Bitcoin at various price levels. It’s an asymmetric battle between short-term bearish bets and long-term institutional interests.

Financial Restructuring and Strategic Risk Management

Strategy founder Michael Saylor announced plans to convert approximately $6 billion of convertible debt into equity. This adjustment will reduce leverage on the balance sheet, allowing the company to maintain its Bitcoin treasury strategy without excessive financial pressure from lenders.

Internal estimates suggest Bitcoin would need to drop close to $8,000 (equivalent to billions of VND) for Strategy’s assets and liabilities to balance. This figure reflects the company’s safety margin — a threshold where liquidity could be seriously challenged. The company affirms that its current treasury structure can withstand significant market downturns.

These are not just numbers on paper. These adjustments reflect a comprehensive strategy to sustain a long-term Bitcoin position across different market conditions — from strong growth periods to deep corrections. Anchorage Digital, through its decision to hold STRC, is sending a similar signal: organizations are betting on Bitcoin’s future through sustainable financial structures.

Broader Trend: From Exploration to Commitment

Anchorage’s appearance on the list of STRC holders marks a broader shift in how organizations approach Bitcoin. No longer in the “wait-and-see” phase — institutions are actively building infrastructure, adjusting financial structures, and announcing long-term commitments.

Currently, short-term traders may increase downward pressure on Strategy’s stock, but the game’s duration is determined by organizations like Anchorage and Strategy. As Bitcoin continues to develop and infrastructure becomes more robust, a Bitcoin-focused treasury strategy will remain attractive to institutional investors, regardless of short-term stock price fluctuations.