Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), continues its steady march toward owning 700,000 BTC — despite ongoing crypto market turbulence following the October crash.
Strategy Adds 168 BTC Amid Market Weakness
Last week, Strategy purchased 168 Bitcoin (BTC) for approximately $18.8 million, according to data the company shared on X (formerly Twitter) on Monday. The buy was made at an average price of $112,051 per BTC, even as Bitcoin briefly fell below $104,000 during the post-crash volatility on Oct. 10, based on Coinbase data.
This latest purchase brings Strategy’s total holdings to 640,418 BTC, valued at around $71 billion at current prices. The company’s average acquisition cost stands at $74,010 per Bitcoin, representing a total investment of $47.4 billion to date.
Slow but Steady Accumulation Toward 700,000 BTC
While this latest buy appears modest, it continues a measured accumulation strategy that contrasts sharply with Strategy’s aggressive buying earlier in the year. Back in April and May 2025, the firm was adding roughly 25,000 BTC per month.
At its recent pace — an average of 5,620 BTC per month over August and September — it would take the company about 11 months to reach the symbolic 700,000 BTC milestone.
MSTR Stock Faces Pressure Despite Long-Term Strength
Strategy’s latest Bitcoin buys come as its MSTR stock continues to slide. The company’s Class A shares fell below $284 last Thursday, extending a 21% decline since Oct. 5, according to TradingView data.
Still, despite short-term losses, MSTR remains up 50% year-over-year, and has surged a massive 1,650% over the past five years, highlighting strong long-term investor confidence in the firm’s Bitcoin-focused strategy.
The lowest MSTR price in 2025 was around $238 (April 7), while its highest point exceeded $455 (July) before the latest market correction.
Metaplanet Follows Saylor’s Lead — Faces Volatility
Other Bitcoin treasury firms have followed Saylor’s blueprint, including Japan-based Metaplanet, which accumulated 30,823 BTC (worth $34.1 billion) by the end of September. However, its market-to-Bitcoin net asset value (mNAV) has recently dipped below 1.0, suggesting the market now values the company below its Bitcoin holdings.
As of this week, Metaplanet’s mNAV has fallen to 0.9, and the firm hasn’t made new Bitcoin purchases since Sept. 30.
With 640,418 BTC on its books, Michael Saylor’s Strategy remains the largest corporate holder of Bitcoin worldwide. Although its buying pace has slowed, the company’s goal of reaching 700,000 BTC appears within reach — underscoring its unwavering conviction in Bitcoin as a strategic treasury reserve asset.
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.