Leading Bitcoin treasury Strategy (formerly MicroStrategy) announced Monday that it had added BTC worth around $45.6 million through last week amid a rollercoaster reset in the crypto market. Bitcoin plummeted from around $110,000 to sub-$106,000 on Monday.
397 BTC Added To Treasury
According to Strategy’s 8-K filing with the U.S. Securities and Exchange Commission (SEC), Strategy acquired 397 BTC at an average price of $114,771 per coin.
Strategy co-founder and Executive Chairman Michael Saylor once again teased Monday’s purchase announcement, posting the firm’s acquisition tracker on Sunday with the caption, “Orange is the color of November.”
The Tysons, Virginia-based firm now owns roughly 641,205 Bitcoin worth $68.6 billion. For perspective, the stockpile represents over 3% of Bitcoin’s total 21 million supply. Since Strategy acquired the total stash for $47.49 billion, the Nasdaq-traded company is sitting on roughly $21.1 billion in unrealized gains.
Strategy began purchasing Bitcoin in August 2020 as a way to generate better returns for its shareholders, as inflation rocked the U.S. and global economies during the pandemic.
It remains the world’s largest Bitcoin corporate holder, focusing primarily on securitizing the asset. Investors can purchase its shares to gain exposure to BTC without the hassle of buying and storing digital coins.
The previous week, Strategy spent $43.3 million on Bitcoin, lifting its total for October to 778 BTC, marking one of the smallest monthly acquisitions in recent years. By comparison, Strategy snatched up 3,526 BTC in September alone— roughly 78% more than October’s haul.
Bitcoin’s Resurgence Depends On Strong Institutional Demand
According to industry observers, the slowdown in Bitcoin purchases is likely to affect the price of the premier cryptocurrency. Strategy and U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have been the main drivers of demand throughout 2025, CryptoQuant’s Ki Young Ju noted.
Young Ju believes the BTC price will not rebound to its current all-time highs until these entities resume massive accumulations.
“Demand is now driven mostly by ETFs and MicroStrategy, both of which have been slowing their buys recently. If these two channels recover, market momentum likely returns,” he wrote in a Sunday post on the X platform.
Bitcoin was changing hands at $107,322 as of press time, representing a 2.6% drop on the day, according to CoinGecko data.
Source: https://zycrypto.com/bitcoin-behemoth-strategy-kicks-off-november-with-fresh-45-million-bitcoin-purchase/
