- Strategy adds 220 Bitcoin in its digital asset treasury for $27.2 million at an average purchase of $123,561 per BTC.
- The company now owns 640,250 BTC, at an investment of $47.38 billion.
Last weekend was a rollercoaster of emotions as the crypto market experienced its single-largest liquidation that wiped out over $19 billion in leveraged positions following US President Trump’s announcement of retaliatory tariffs and export controls against China. As the fog of war cleared on Sunday, the president gave investors hope that he’s still open to negotiations with China’s President Xi Jinping.
Amid all the chaos, Strategy (MSTR) co-founder and Executive Chairman Michael Saylor gave a subtle rallying cry saying, “Don’t Stop ₿elievin’.” He accompanied the post with a customary screencap of their company’s Bitcoin (BTC) portfolio as shown on the Saylor Tracker website. These cryptic comments usually preceded their business’s massive BTC purchase announcements.
Latest Bitcoin Purchase of Strategy
On Monday, Strategy disclosed that it stacked an additional 220 BTC for $27.2 million at an average of $123,561 per BTC. Its average purchase per coin was just $2,637.07 below Bitcoin’s all-time high of $126,198.07 last week. The company funded its latest acquisition from the proceeds of its Series A Perpetual Strife (STRF), Strike (STRK), and Stride (STRD) shares offering worth $27.3 million.
Strategy now possesses 640,250 BTC, representing 3.21% of Bitcoin’s circulating supply and 3.05% of its 21 million supply cap. So far, the business intelligence platform has already spent $47.38 billion on its BTC-focused treasury playbook. The figures translate to a dollar-cost average (DCA) of $74,000 per BTC, a slight increase from its $73,983 per BTC DCA in its last batch of Bitcoin purchases at the end of September.
With the recent development, Strategy has improved its BTC yield to 25.9% year-to-date (YTD). As defined by the company, BTC yield measures the percentage change in the ratio between its Bitcoin holdings and assumed diluted shares outstanding. It shows the rate at which it acquires BTC relative to the dilution caused by capital market activities that fund those purchases.
Crypto community members criticized Strategy for missing the boat on Bitcoin’s latest dip. BTC notably fell as low as $102K in some exchanges like Binance during the market shock heading to the weekend, which was still covered by the company’s latest disclosure.
Furthermore, Peter Schiff, Chairman of SchiffGold and Saylor’s constant critic, pointed out the same observation. According to him, Strategy’s DCA at $74K only indicated around 55% gain at the time of the company’s social media announcement.
Nevertheless, others praised Strategy for its commitment to its BTC play despite the rocky market in the past few days.
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