Michael Saylor’s Strategy has once again strengthened its position as the world’s largest public Bitcoin holder, adding $22.1 million worth of BTC despite market pressure.
According to a recent U.S. Securities and Exchange Commission (SEC) filing, Strategy acquired 196 Bitcoin for $22.1 million during the week ending Sunday. The purchase was made at an average price of $113,048 per coin, taking advantage of Bitcoin’s brief dip below $110,000 last Thursday.
With this acquisition, Strategy’s total Bitcoin holdings now stand at 640,031 BTC, acquired for approximately $47.35 billion at an average cost of $73,983 per coin. This solidifies the firm’s reputation as the leading institutional Bitcoin accumulator.
Smaller But Steady Accumulation
The $22 million buy marks one of Strategy’s smallest weekly purchases in recent history. Over the past few months, the company’s Bitcoin acquisitions have slowed, signaling a more cautious yet steady approach compared to its aggressive accumulation phases of prior years.
Still, even smaller acquisitions reflect a long-term commitment to Bitcoin as a treasury reserve asset, particularly during market corrections.
Michael Saylor’s Bullish Outlook
Despite the slowdown, Strategy’s co-founder Michael Saylor remains confident in Bitcoin’s long-term trajectory. In a recent statement, he noted that institutional adoption and broader market dynamics are temporarily creating resistance. However, he expects Bitcoin to rebound:
“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor said.
This aligns with Saylor’s long-standing belief that Bitcoin serves as the most reliable hedge against inflation and a superior store of value compared to traditional assets.
Bitcoin began last week above $112,000 before dipping under $110,000, creating an attractive entry point for Strategy’s latest purchase. Such corrections are often seen by institutional investors as opportunities to accumulate ahead of potential rallies.
The broader market has also been influenced by macroeconomic headwinds, regulatory discussions, and shifting liquidity conditions, but institutional adoption continues to expand.
Key Takeaways for Investors
- Strategy now holds over 640,000 BTC, worth more than $70 billion at current prices.
- The company’s average purchase price is $73,983, significantly below Bitcoin’s current levels.
- Even modest weekly acquisitions demonstrate confidence in Bitcoin’s resilience.
- Saylor projects a year-end Bitcoin rebound once current resistance phases are overcome.
Strategy’s latest $22 million Bitcoin purchase may be smaller compared to previous acquisitions, but it underscores the company’s consistent, long-term bullish stance. With over 640,000 BTC under management, Strategy continues to shape institutional confidence in Bitcoin as a treasury asset.
If Bitcoin rises toward year-end as Saylor predicts, these incremental buys could further validate the company’s strategy of buying through volatility and holding for long-term appreciation.
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.