Strategy Buys 196 BTC, Total Holdings Soar to 640K Despite MSTR Slump

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  • Strategy bought 196 BTC for $22M, total holdings now 640,031 BTC.
  • Purchases funded via stock sales despite MSTR’s limited YTD gains.
  • Michael Saylor signals continued weekly BTC accumulation amid market dips.

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Strategy, formerly known as MicroStrategy, has maintained its unwavering commitment to Bitcoin, announcing yet another weekly purchase despite ongoing declines in both BTC and its own MSTR stock. The company acquired 196 BTC for $22.1 million, averaging $113,048 per coin, bringing its total holdings to 640,031 BTC valued at $47.35 billion. Michael Saylor, the firm’s co-founder, reaffirmed the strategy with his signature phrase, “Always ₿e Stacking,” signaling plans to continue buying regardless of short-term market volatility.

Funding BTC Purchases Through Stock Sales

To fund its latest Bitcoin acquisition, Strategy sold portions of MSTR, STRF, and STRD shares, raising a total of $127.7 million. Interestingly, the company only allocated $22 million from these sales to purchase Bitcoin, demonstrating a cautious yet persistent approach to increasing its BTC reserves. Despite criticism from some investors over the use of stock sales for crypto purchases, Saylor’s firm remains committed to its long-term digital asset strategy.

Impact on MSTR Stock and Market Sentiment

The aggressive Bitcoin buying has coincided with pressure on MSTR stock. After peaking at $455 earlier this year, the stock has pared its year-to-date gains to just 3% and currently trades around $314, slightly up from last week’s close of $309. Analysts note that Strategy’s repeated BTC purchases, even during market dips, show a strong conviction in Bitcoin’s long-term value, despite temporary setbacks in stock performance.

Also Read: Michael Saylor’s Strategy Buys $357M in Bitcoin as Corporate Treasury Trend Weakens

Outlook and Investor Takeaways

Strategy’s continued accumulation of Bitcoin reinforces its identity as one of the most committed corporate holders of the cryptocurrency. With nine consecutive weekly purchases, the firm’s actions suggest confidence in BTC as a store of value and a hedge against macroeconomic uncertainties. Investors observing both MSTR stock and BTC should note that short-term stock fluctuations may be a natural byproduct of this aggressive accumulation strategy.

While Bitcoin and MSTR stock face near-term volatility, Strategy’s steadfast approach underscores a long-term vision focused on digital asset growth. Michael Saylor’s team is clearly signaling that short-term market conditions will not deter their commitment to stacking Bitcoin.

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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.