The world's largest corporate BTC holder, Michael Saylor's Strategy company, further expanded its BTC reserves on its balance sheet last week, coinciding with the Federal Reserve's first interest rate cut this year.
According to documents released by the U.S. Securities and Exchange Commission on Monday, Strategy purchased 850 BTC worth $99.7 million in the week ending Sunday.
Data analysis from CoinGecko shows that the average purchase price for this acquisition was $117,344 per BTC. Notably, after the Federal Reserve announced a 25 basis point rate cut on Thursday, BTC briefly surpassed $117,000, reaching a new high in several weeks.
This strategic acquisition brings Strategy's total BTC holdings to 639,835 BTC, with a cumulative investment of approximately $47.3 billion and an average purchase cost of $73,971 per BTC.
Strategy's latest BTC acquisition continues the trend of moderate purchases, clearly showing a slowdown compared to the large-scale acquisitions earlier this year.
Data indicates that since September, Strategy has acquired 3,330 BTC, a significant decrease from 7,714 BTC in August—while August's purchase volume was down 75% from July's 31,466 BTC.
Saylor, known for his commitment to purchasing BTC at higher prices, commented on the reduced volatility of BTC in recent months, linking it to the growth of institutional investors.
"The dilemma is that if large institutions decide to enter the market, volatility will decrease, and the market will stabilize for a period of time. Because of this stability, investors' adrenaline rush will diminish," he stated in an interview last week.
While Strategy has slowed its pace of BTC purchases over the past two months, other companies, such as Japan's Metaplanet, are actively expanding their BTC holdings.
Metaplanet announced on Monday that it purchased 5,419 BTC, bringing its total Bitcoin holdings to 25,555 BTC, making it the fifth-largest corporate BTC reserve holder.
As Strategy makes its latest BTC acquisition, Saylor is preparing to participate in a roundtable hosted by the U.S. government to advance the U.S. BTC reserve bill known as the "BITCOIN Act."
This bill, first proposed by U.S. Senator Cynthia Lummis in July 2024, suggests that the U.S. government purchase 200,000 BTC annually over five years, totaling 1 million BTC.
Related: Bitcoin (BTC) shows signs of "cycle fatigue," with prices dropping to $112,000
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
