- •Strategy now holds 640,031 BTC after buying 196 BTC for $22.1M at an average price of $113,048.
- •The company’s total Bitcoin investment stands near $47.35B, with an average cost basis of $73,983 per coin.
- •This is one of Strategy’s smallest weekly acquisitions, showing a slowdown but continuing its long-term accumulation approach.
- •MSTR stock dropped to a six-month low at $300.7, though it remains up 96% year-over-year.
- •Michael Saylor expects Bitcoin could rise toward year-end as institutional adoption grows.
Strategy Inc. has once again expanded its Bitcoin portfolio, bringing its total holdings to 640,031 BTC following a $22.1 million acquisition. The company, led by Michael Saylor, bought 196 BTC at an average price of $113,048 per coin as Bitcoin briefly dipped below $110,000 last week. This purchase, though smaller than some of its previous buys, keeps Strategy firmly positioned as the largest public holder of Bitcoin worldwide.
While this addition is modest in scale, it reflects Strategy’s ongoing approach of steady accumulation during price pullbacks. The company’s average cost basis now stands at roughly $73,983 per coin, translating to a total investment of about $47.35 billion.
$22M Purchase Brings Strategy to 640,031 BTC
The company’s latest filing with the U.S. Securities and Exchange Commission confirmed the acquisition of 196 BTC during the week ending Sunday. The buy came as Bitcoin started the week trading above $112,000 before sliding below $110,000 on Thursday, a move that many analysts saw as an attractive entry point.
Strategy has been gradually reducing the size of its weekly purchases in recent months, signaling a more measured approach as the market adjusts to macroeconomic factors. Despite this slowdown, its strategy remains consistent: accumulate Bitcoin on dips to strengthen its long-term treasury position.
Michael Saylor, co-founder and chairman, reiterated his bullish stance, suggesting that Bitcoin could start climbing again toward the end of the year. His outlook ties the cryptocurrency’s next potential move to growing institutional adoption and easing market headwinds.
Related read: Strategy Continued To Add Bitcoin Stash, Buying 850 Bitcoin Worth $100 Million
MSTR Stock Hits Six-Month Low Amid Market Pressure
Alongside the latest Bitcoin purchase, Strategy’s common stock (MSTR) has faced notable volatility. On Wednesday, MSTR shares dropped to $300.7, their lowest level since mid-April. Analysts have called this a “painful move” for the company, given its close correlation with Bitcoin’s price action.
Despite the recent dip, MSTR remains significantly up over the long term. TradingView data shows the stock is still up 96% year-over-year and has gained over 2,000% across the last five years. Supporters argue that these drawdowns are part of a broader accumulation opportunity rather than a cause for concern.
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What This Means for Bitcoin and Strategy’s Future
The milestone of 640,031 BTC total reaffirms Strategy’s commitment to Bitcoin as a core treasury asset. While this $22 million purchase may not make headlines for its size, it underscores the company’s disciplined approach to building one of the largest Bitcoin reserves in the world.
For the market, Strategy’s steady buying provides a vote of confidence, especially during periods of price weakness. Whether Bitcoin begins its next upward trend toward year-end as Saylor predicts remains to be seen, but the company’s strategy is clear: continue accumulating regardless of short-term volatility.
