Strategy is accumulating Bitcoin faster than miners can produce it, making BTC a deflationary asset with an annual rate of -2.33%, according to CryptoQuant CEO Ki Young Ju. With 555,000 BTC held off-market and no plans to sell, Strategy is significantly tightening circulating supply. Co-founder Michael Saylor channels capital from traditional finance into Bitcoin via debt and equity issuance. Other institutions, including hedge funds and tech firms, are also buying BTC. However, sovereign wealth funds are holding back until the U.S. implements clear crypto regulations.