The strategy recorded the slowest monthly purchase record of the year, with only 778 Bitcoin (BTC) added in October.

CN
10 hours ago

Michael Saylor's Strategy, as the world's largest publicly traded Bitcoin holder, increased its BTC holdings last week amid a rising trend, but purchasing activity has significantly slowed since September.

According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy purchased 390 Bitcoins for $43.3 million in its latest BTC acquisition last week.

According to CoinGecko data, the average price for these purchases was $111,117 per BTC, with Bitcoin briefly surpassing $113,000 on Tuesday.

This acquisition brought Strategy's total Bitcoin holdings to 640,808 BTC, purchased for approximately $47.4 billion, with an average price of $74,032 per BTC.

With the latest purchase of 390 BTC, Strategy has accumulated a total of 778 Bitcoins in October—one of the smallest monthly totals in its history.

Compared to the 3,526 BTC acquired in September, Strategy's purchases in October decreased by 78%, highlighting a continued slowdown in accumulation. The latest purchase volume pales in comparison to the large acquisitions of 31,466 BTC and 26,695 BTC in July and May, respectively.

According to CryptoQuant analyst JA Maartun, the rapid slowdown in Strategy's Bitcoin purchases is due to difficulties in raising capital, with the stock issuance premium plummeting from 208% to 4%.

"Strategy is no longer buying in large quantities—but they are still buying," Maartun wrote in a post on X on Sunday, adding that long-term belief remains, "even as financing pressures are increasing."

Despite the sharp slowdown, 2025 is still set to be Strategy's biggest year for Bitcoin investment, having spent $19.53 billion on BTC acquisitions so far. According to Maartun, the company still has about two months to surpass last year's record of $21.76 billion spent on BTC.

Strategy's latest purchase of 390 BTC occurred when its Class A common stock MSTR fell below $280 last week, according to TradingView data, marking a gradual sell-off since the stock price peaked at around $456 in July.

Related: NYDIG: Bitcoin (BTC) is not an inflation hedge, but performs well during dollar fluctuations

Original article: “Strategy Records Slowest Monthly Purchase of the Year, Adding Only 778 Bitcoins (BTC) in October”

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