The firm’s latest 397 BTC buy brings total holdings to over 641,000 Bitcoin, but analysts warn that reduced accumulation could hinder market recovery.
Strategy Adds $45.6 Million in Bitcoin
Michael Saylor’s Strategy has resumed its Bitcoin accumulation, purchasing 397 BTC worth approximately $45.6 million, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Monday.
The acquisition was made at an average price of $114,771 per Bitcoin, marking the company’s first significant buy in November. Strategy’s total Bitcoin holdings now stand at 641,205 BTC, valued at around $47.49 billion, with an average purchase price of $74,047 per coin.
The company reported a 26.1% year-to-date (YTD) Bitcoin yield, underscoring the profitability of its long-term accumulation strategy amid market volatility.
Buying Pace Slows Sharply Since September
Despite the fresh purchase, Strategy’s Bitcoin acquisition rate has fallen sharply compared to earlier in 2025.
In October, the firm bought just 778 BTC — one of its smallest monthly totals in recent years — compared to 3,526 BTC in September, a 78% decline in monthly accumulation.
This slowdown follows a strong buying streak earlier in the year that helped buoy Bitcoin’s price momentum through the first three quarters of 2025.
CryptoQuant data shows that both Strategy and U.S. spot Bitcoin ETFs have been key drivers of institutional demand, and their recent slowdown has coincided with Bitcoin’s pullback from its October highs.
Institutional Demand Crucial for Price Recovery
Market analysts caution that unless major institutional buyers resume large-scale Bitcoin acquisitions, the market could face a period of stagnant recovery.
“Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns,”
— Ki Young Ju, CEO of CryptoQuant, wrote on X.
Bitcoin is currently trading around $107,727, down from its mid-October levels near $121,500, reflecting broader market profit-taking and weaker institutional inflows.
While Strategy’s reduced purchasing pace raises short-term concerns, analysts remain optimistic about its long-term role in institutional adoption. The firm’s strategic accumulation — coupled with potential S&P 500 inclusion rumors following strong Q3 earnings — continues to position it as a cornerstone of corporate Bitcoin exposure.
If institutional demand rebounds through renewed ETF inflows and Strategy’s continued accumulation, Bitcoin’s path to recovery could accelerate heading into year-end.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.