Strategy Buys Another $22M in Bitcoin Pushing Holdings Past 640K BTC
Strategy adds $22M in Bitcoin but faces pressure from market slump
Michael Saylor’s Strategy Inc., the largest public holder of Bitcoin, has quietly added to its massive crypto stash despite turbulent market conditions. The firm purchased 196 BTC worth $22.1 million last week as Bitcoin’s price briefly dipped below $110,000, according to a U.S. SEC filing. The acquisition was made at an average price of $113,048 per coin.
With this purchase, Strategy’s Bitcoin holdings climbed to 640,031 BTC, valued at about $47.35 billion overall, acquired at an average cost of $73,983 per coin. While the $22 million buy is one of Strategy’s smaller weekly acquisitions, it reflects the company’s ongoing commitment to its Bitcoin strategy even as buying activity has slowed in recent months.
Saylor remains optimistic, predicting that Bitcoin could see a significant rebound toward year-end despite short-term pressure from macroeconomic headwinds and institutional flows. “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,” he said.
However, the company’s stock has not escaped the downturn. Strategy’s shares (MSTR) sank to $300.7 last week, their lowest level since April, marking a six-month low. Analysts described the fall as a painful hit for the biggest corporate Bitcoin holder. Still, some bullish investors argue that MSTR remains a long-term winner, pointing to a 2,300% gain over the past five years despite steep drawdowns of 30% to 56% during different cycles.
According to TradingView, MSTR has lost nearly 3% in the past six months but remains up 96% over the last year, demonstrating that despite volatility, Strategy’s bet on Bitcoin continues to pay off in the long run.
