World’s largest corporate Bitcoin holder strengthens position with fresh acquisition
Michael Saylor’s Strategy has purchased an additional $99.7 million worth of Bitcoin, underscoring its long-term commitment to digital assets amid shifting monetary policy in the United States.
According to a filing with the U.S. Securities and Exchange Commission, Strategy acquired 850 BTC at an average price of $117,344 per coin. The purchase coincided with the U.S. Federal Reserve’s decision to cut interest rates by 25 basis points, its first reduction of the year.
The move lifted Bitcoin briefly above $117,000, marking multiweek highs before cooling slightly. Strategy’s latest buy brings its total holdings to 639,835 BTC, acquired for about $47.3 billion at an average purchase price of $73,971 per Bitcoin.
Slower Buying Pace in Recent Months
While the purchase signals continued bullish sentiment, Strategy’s accumulation pace has slowed compared with earlier this year. In September so far, the company has added 3,330 BTC, a steep decline from 7,714 BTC in August and well below 31,466 BTC in July.
“We’re witnessing a phase of steady but cautious accumulation. The aggressive purchases of the first half of the year have given way to more measured steps as the market stabilizes,” one analyst noted.
Saylor on Bitcoin’s “Boring” Phase
Michael Saylor, Executive Chairman of Strategy, recently commented on Bitcoin’s reduced volatility, calling it a natural phase as institutional adoption deepens.
“The conundrum is, if mega institutions enter and volatility decreases, it becomes boring for a while. And when it’s boring, people’s adrenaline rush drops,” Saylor said in a recent interview.
Market Impact
Despite the slower pace of acquisitions, Strategy’s consistent accumulation strategy continues to anchor its reputation as the largest corporate Bitcoin holder globally. Analysts suggest that while buying may have moderated, the firm’s long-term conviction in Bitcoin remains intact, particularly as macroeconomic conditions shift.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.