Bitcoin purchase by Strategy hits $27.2M
Strategy expands Bitcoin holdings amid market surge
Bitcoin purchase by Strategy reached $27.2 million last week as the firm added 220 BTC. Michael Saylor announced the acquisition on X, marking the company’s first Bitcoin buy in October. The filing has yet to appear on the US Securities and Exchange Commission’s website.
The average purchase price was $123,561 per Bitcoin, while the cryptocurrency peaked above $126,200 on Oct. 6 before dropping to $107,000 during a flash crash, according to Coinbase data.
Following this addition, Strategy’s total holdings rose to 640,250 BTC. The company has spent about $47.38 billion overall at an average price of $74,000 per coin.
“No tariffs on Bitcoin,” says Saylor
Michael Saylor commented on the market turbulence after Bitcoin’s sharp decline on Friday, which followed reports of potential new China tariffs proposed by US President Donald Trump.
“No tariffs on Bitcoin,” Saylor posted on X, referencing the $20,000 daily drop. He also shared that Strategy’s BTC Yield – the growth in its Bitcoin-to-shares ratio – reached 25.9% year-to-date.
The new purchase follows Strategy’s smaller September acquisition of 196 BTC. The company skipped buying Bitcoin during the first week of October before returning to the market.
MSTR shares mirror Bitcoin volatility
Strategy’s recent Bitcoin purchase came as its MSTR stock faced renewed pressure. TradingView data showed the share price fell from around $360 on Monday to $309 by Friday.
Despite this decline, MSTR remains 63% higher than a year ago, while Bitcoin itself gained 84% in the same period, according to CoinGecko. The stock, however, remains 33% below its July peak of $456.
On X, Strategy highlighted its efforts to securitize Bitcoin for investors through various offerings. These include the Series A Perpetual Strife Preferred Stock (STRF) and Series A Perpetual Strike Preferred Stock (STRK).
Market analysts noted that MSTR has underperformed compared to Bitcoin exchange-traded funds. One investor commented that they plan to move funds to a Bitcoin ETN in the UK once available, citing ongoing underperformance concerns.
