Strategy Acquires 390 Bitcoin, October Buys Net 778 BTC

Michael Saylor’s technique, the world’s largest public Bitcoin holder, added to its BTC holdings final week amid rising momentum, however shopping for exercise has slowed significantly since September.

Technique bought 390 Bitcoin (BTC) for $43.3 million in its newest BTC acquisition final week, according to a US Securities and Alternate Fee submitting on Monday.

The purchases had been made at a mean worth of $111,117 per BTC, with Bitcoin briefly rising previous $113,000 on Tuesday, according to CoinGecko knowledge.

The acquisition introduced Technique’s complete Bitcoin holdings to 640,808 BTC, bought for about $47.4 billion at a mean worth of $74,032 per coin.

Technique posts considered one of its slowest BTC-buying months

With the newest buy of 390 BTC, Technique has accrued 778 Bitcoin in October — among the many smallest month-to-month totals in its historical past.

In contrast with the 3,526 BTC acquired in September, Technique’s October buys are down 78%, underscoring the continuing slowdown in accumulation. The newest purchase is even smaller in contrast with the huge 31,466 BTC and 26,695 BTC acquired in July and Might, respectively.

According to CryptoQuant analyst JA Maartun, the fast slowdown in Technique’s Bitcoin buying has been brought on by capital elevating difficulties, with fairness issuance premiums plummeting from 208% to 4%.

“Technique is not shopping for massive — however they’re nonetheless shopping for,” Maartun wrote in an X submit on Sunday, including that long-term conviction stays, “at the same time as funding stress grows.”

Regardless of the sharp slowdown, 2025 stays the most important yr for Bitcoin investments by Technique, with $19.53 billion spent on BTC acquisitions thus far. The corporate nonetheless has roughly two months to surpass final yr’s report of $21.76 billion spent on BTC, in accordance with Maartun.

Associated: Strategy can buy $100M of Bitcoin within an hour of raising it: Saylor

Technique’s newest 390 BTC purchase got here amid its Frequent A inventory, MSTR, falling beneath $280 final week, marking a gradual sell-off after the shares topped at round $456 in July, according to TradingView knowledge.