Michael Saylor’s Bitcoin accumulation strategy continues steadily, as his company added another 168 BTC last week, narrowing the gap to just 59,582 BTC before reaching the symbolic 700,000 mark.
Modest Bitcoin Purchase Amid Market Turbulence
Strategy, the world’s largest publicly traded Bitcoin holder, increased its BTC holdings during last week’s market dip following the Black Friday crypto crash.
According to the company’s post on X (formerly Twitter), it acquired 168 Bitcoin for approximately $18.8 million at an average price of $112,051 per BTC. Despite Bitcoin briefly slipping below $104,000 on Friday amid post-crash volatility, Strategy maintained its buying momentum.
Following this purchase, Strategy now holds 640,418 Bitcoin, worth around $47.4 billion at an average acquisition cost of $74,010 per BTC.
Slow and Steady Path Toward 700,000 BTC
The recent 168 BTC addition represents another small step in Strategy’s ongoing accumulation plan. This cautious approach contrasts with the company’s aggressive buying earlier in the year, when it averaged 25,000 BTC purchases per month in April and May.
At the current pace—about 5,620 BTC per month based on August and September’s totals—it could take around 11 months for Strategy to surpass 700,000 BTC on its balance sheet.
This latest buy followed a 220 BTC purchase for $27.2 million the previous week, which coincided with Bitcoin reaching a new all-time high above $126,000 before dropping to $110,000 in the Oct. 10 market crash.
MSTR Stock Faces Continued Pressure
While Strategy continues to accumulate Bitcoin, its MSTR stock has not been spared from market headwinds. Shares fell below $284 last Thursday, marking a 21% decline since Oct. 5 and reaching levels last seen in April 2025, according to TradingView data.
Despite short-term declines, MSTR remains up 50% year-over-year and has seen an astonishing 1,650% rise over the past five years. The stock’s 2025 low stands at $238 per share (April 7), with its yearly peak surpassing $455 in July.
Other Corporations Follow Strategy’s Lead
Strategy’s influence in corporate Bitcoin adoption remains evident. Metaplanet, a Japanese hotel company that initiated its Bitcoin treasury strategy in July 2024, amassed 30,823 BTC (worth $34.1 billion) by the end of September. However, the firm’s market-to-Bitcoin net asset value (mNAV) dropped to 0.99 last Tuesday and further to 0.9 by Saturday, meaning its enterprise value has fallen below the worth of its Bitcoin reserves.
Metaplanet has not made any additional Bitcoin purchases since its Sept. 30 acquisition, though its strategy continues to mirror Saylor’s long-term Bitcoin vision.
Bitcoin Accumulation Continues Despite Volatility
Michael Saylor’s Bitcoin-first approach has cemented Strategy as a dominant force in the digital asset space. Despite slower accumulation rates and MSTR’s recent decline, the company’s consistent buying during downturns underscores its unwavering belief in Bitcoin’s long-term potential.
As the crypto market stabilizes following recent volatility, all eyes remain on whether Strategy will maintain its buying momentum and become the first company in history to hold 700,000 Bitcoin.
