Michael Saylor’s company, Strategy Inc., has resumed its regular Bitcoin accumulation after pausing for a week. The purchase occurred during a volatile market phase when Bitcoin wiped out most of its monthly gains.
Despite the turbulence, Strategy increased its Bitcoin holdings by 220 BTC for $27.1 million, paying an average of $123,561 per coin. The company now owns 640,250 BTC valued at $71.7 billion, with an average acquisition cost of $74,000 per Bitcoin. This move underscores the firm’s unwavering belief in Bitcoin as a long-term store of value.
Strategy’s Aggressive Accumulation Continues
According to the issued press release, Strategy financed the latest acquisition by selling shares of STRF, STRD, and STRK, raising nearly $27.3 million in total. The breakdown included $19.8 million from STRF, $5.8 million from STRD, and $1.7 million from STRK sales.
The firm’s Bitcoin portfolio has delivered a 25.9% yield year-to-date, reflecting the success of its accumulation strategy despite periodic downturns. Moreover, this purchase followed nine consecutive weeks of buying earlier this year, during which Strategy acquired over 21,000 BTC for $2.46 billion.
Besides, the purchase coincided with a major market correction triggered by new U.S. trade measures. Bitcoin fell sharply to $104,000 after President Donald Trump announced a 100% tariff on Chinese goods beginning November 1. Saylor’s renewed accumulation suggests he viewed the drop as a buying opportunity, reinforcing his reputation for counter-cyclical investment behavior.
Market Context and Broader Sentiment
Saylor hinted at the purchase yesterday, sharing a post celebrating Bitcoin’s resilience. The message reflected optimism despite the broader market’s decline. His timing aligns with his long-term approach accumulating Bitcoin during fear-driven sell-offs and maintaining conviction during corrections.
In parallel, Tether CEO Paolo Ardoino reaffirmed his company’s continued investment in Bitcoin and gold, stating that both assets represent enduring value. This stance strengthens confidence across the digital asset market, highlighting institutional interest even in bearish conditions.
Strategy Stock Sees Short-Term Volatility
Source: Google Finance
Following the announcement, Strategy Inc.’s Class A shares dropped by 4.84%, closing at $304.79. The stock had fallen from a previous close of $320.29, testing intraday support near $285 before rebounding modestly. However, pre-market trading showed a slight recovery of 1.15% to $308.30, indicating early signs of stabilization.
