Strategy acquired 1,031 BTC for approximately $76.6 million last week, representing a notable slowdown in the company’s bitcoin buying activity. This figure stands in stark contrast to the purchases made over the preceding two weeks, each of which exceeded $1 billion. The reduced spending signals a shift in the pace of the firm’s ongoing accumulation strategy.
With this latest purchase, Strategy’s total bitcoin holdings have reached 762,099 BTC. The company acquired these coins at an average cost of $75,694 per bitcoin. At the time of reporting, bitcoin’s market price sits just below $70,000, meaning the firm’s holdings are currently valued below their average acquisition cost.
The gap between Strategy’s average purchase price and the current market price raises questions about the near-term performance of its substantial bitcoin position. The company has been one of the most prominent corporate buyers of bitcoin, consistently adding to its reserves over an extended period. The latest, smaller purchase may reflect a tactical adjustment rather than a change in the firm’s broader bitcoin strategy.
Originally reported by CoinDesk.
