Michael Saylor’s Strategy has acquired an additional 397 Bitcoin, valued at approximately $45.6 million. However, the firm's recent buying pace indicates a slowdown compared to its accumulation streak prior to October.
According to a filing with the US Securities and Exchange Commission on Monday, Strategy purchased 397 Bitcoin (BTC) last week. The acquisition was made at an average price of $114,771 per coin, totaling $45.6 million.
This latest purchase brings Strategy's total Bitcoin holdings to 641,205 BTC. The company has spent $47.49 billion to acquire these coins, with an average purchase price of $74,047 per coin. This results in a year-to-date Bitcoin yield of 26.1%, as reported in a post on X by Strategy on Monday.
In the preceding week, Strategy bought 390 BTC for $43.3 million. This brought its total acquisitions for October to 778 BTC, marking one of the smallest monthly purchases in recent years. For comparison, Strategy acquired 3,526 BTC in September, which was a 78% increase over its October total.
Bitcoin Recovery Tied to Institutional Demand
Analysts suggest that the reduced pace of Bitcoin acquisitions could negatively impact the cryptocurrency's price recovery. Data from the analytics platform CryptoQuant indicates that Strategy and US spot Bitcoin exchange-traded funds (ETFs) have been the primary drivers of demand throughout 2025.
CryptoQuant predicts that Bitcoin’s price will struggle to reach its previous highs unless these key entities resume large-scale accumulations.
Ki Young Ju, the founder and CEO of CryptoQuant, stated in an X post on Sunday, "Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns."