Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, continues its aggressive accumulation of BTC despite market volatility. The company purchased 3,081 Bitcoin (BTC) worth $356.9 million last week, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The acquisition was made at an average price of $115,829 per BTC, as Bitcoin traded between $116,700 and $112,000 during the week. The latest purchase pushes Strategy’s total Bitcoin holdings to 632,457 BTC, acquired at a combined cost of $46.5 billion, with an average buy price of $73,527 per coin.
August Purchases Slow Down
Despite this large acquisition, Strategy’s Bitcoin buying pace slowed in August. The firm has bought 3,666 BTC this month, significantly lower than 31,466 BTC in July and 17,075 BTC in June.
This slowdown raises questions about whether Strategy will maintain its aggressive buying strategy in the final week of August or adopt a more cautious approach amid market uncertainty.
Bitcoin price currently trades around $111,439, hovering near its lowest levels in recent weeks. Historically, Strategy has avoided buying during major dips, with Saylor previously saying:
“I’m going to be buying the top forever. Bitcoin is the exit strategy.”
The move signals long-term bullish confidence in Bitcoin despite short-term volatility. Many investors see these purchases as a vote of confidence in BTC’s future value as institutional adoption accelerates.
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.