Michael Saylor’s Strategy Buys 487 BTC, Total Holdings Top $67 Billion

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• Strategy purchased 487 BTC at an average price of $102,557 per coin.
  
• Total Bitcoin holdings now exceed 641,000 BTC, worth $67B+.
  
• Investor sentiment is bullish, with short positions on MSTR closed.

Michael Saylor’s Strategy has ramped up its cryptocurrency acquisitions, adding 487 Bitcoin (BTC) valued at roughly $50 million, according to a Monday filing with the U.S. Securities and Exchange Commission (SEC). The purchase was made at an average price of $102,557 per coin, boosting the company’s total Bitcoin holdings to 641,692 BTC — worth more than $67 billion at the time of publication.

This move represents a sharp increase from last week’s 397 BTC purchase, signaling Strategy’s ongoing confidence in Bitcoin as a treasury asset. Analysts and investors closely monitor such institutional moves, often using them as a benchmark for broader market sentiment and potential exposure through exchange-traded funds (ETFs).

Bitcoin price reaction and market context

As of Monday, Bitcoin traded at $105,321, rising roughly 1.5% over the previous 24 hours. Data from Nansen suggests Strategy’s steady buying pattern may be influencing market confidence, with institutional players looking to mirror its strategy. Reports indicate that Saylor’s approach continues to inspire both retail and institutional investors seeking long-term Bitcoin exposure.

Also Read: Michael Saylor’s Strategy Expands Bitcoin Holdings with $43M BTC Buy

Investor sentiment turns bullish on Strategy

Adding to the bullish narrative, Kynikos Associates recently closed its short position against Strategy’s MSTR shares, signaling a shift among certain investors. This move reflects growing confidence in Strategy’s Bitcoin treasury model, suggesting that institutional players are increasingly viewing BTC accumulation as a resilient strategy even amid market volatility.

Strategy sets the tone for institutional BTC adoption

Strategy’s latest acquisition underscores the growing influence of institutional Bitcoin buying on market trends. With holdings now exceeding 640,000 BTC, Michael Saylor’s firm remains a key bellwether for investors seeking exposure to Bitcoin. The company’s methodical approach highlights the potential of corporate treasuries as a driver of long-term BTC demand.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.