Michael Saylor’s Strategy Adds $100M in Bitcoin as Fed Cuts Rates
Corporate giant slows accumulation pace while smaller firms step up buying
Michael Saylor’s company Strategy, the world’s largest corporate holder of Bitcoin, expanded its reserves last week with another major purchase as the US Federal Reserve delivered its first interest rate cut of the year.
According to a filing with the US Securities and Exchange Commission, Strategy acquired 850 BTC worth $99.7 million during the week ending Sunday. The coins were bought at an average price of $117,344 each, pushing the firm’s total Bitcoin holdings to 639,835 BTC – acquired for roughly $47.3 billion at an average cost of $73,971 per coin.
The acquisition came as Bitcoin briefly climbed above $117,000 following the Fed’s 25 basis point rate reduction on Wednesday, its first since 2024.
Slower buying as Bitcoin cools
Strategy’s latest purchase reflects a slowdown compared with its earlier aggressive accumulation. The firm acquired just 3,330 BTC so far in September, down from 7,714 BTC in August and sharply lower than July’s massive 31,466 BTC haul.
Saylor acknowledged the quieter market environment, pointing to reduced volatility as large institutions continue entering the space. “If volatility decreases, it is going to be boring for a while, and because it’s boring for a while, people’s adrenaline rush is going to drop,” he said in a recent interview.
Smaller firms ramp up purchases
While Strategy has eased its pace, smaller players are seizing the moment. Japanese firm Metaplanet announced the purchase of 5,419 BTC on Monday, boosting its total to 25,555 BTC and securing its place as the fifth-largest corporate Bitcoin holder.
Meanwhile, Saylor is preparing to attend a US government roundtable on the proposed BITCOIN Act, which seeks to establish a national Bitcoin reserve. The bill, introduced by Senator Cynthia Lummis in 2024, would direct the US government to acquire 200,000 BTC annually over five years, totaling 1 million BTC.
