Michael Saylor's Strategy, as the world's largest public Bitcoin holder, increased its BTC holdings last week amid another round of market sell-offs following the Black Friday cryptocurrency crash on October 10.
According to data released by Strategy on X on Monday, the company acquired 168 Bitcoins for $18.8 million last week.
The latest Bitcoin acquisition had an average price of $112,051, although according to Coinbase data, Bitcoin fell below $104,000 during the market crash on October 10.
With this purchase, Strategy now holds a total of 640,418 Bitcoins, acquired at an average price of $74,010 per BTC, totaling approximately $47.4 billion.
The latest purchase of 168 BTC is a small increase among a series of minor acquisitions, contrasting sharply with the massive accumulation of Bitcoin earlier this year, when the average monthly purchase in April and May was about 25,000 BTC.
Based on the average monthly purchase rate of 5,620 BTC in August and September (with Strategy purchasing 7,714 BTC and 3,526 BTC respectively), it would take about 11 months to reach a total of 700,000 BTC on the balance sheet.
The latest Bitcoin purchase follows a previous week’s acquisition of 220 BTC for $27.2 million, when BTC briefly touched a new all-time high of over $126,000, before plummeting to $110,000 during the market crash on October 10.
As Strategy buys Bitcoin, its Class A common stock (MSTR) continued to decline last week, falling to levels not seen since April 2025.
According to TradingView data, MSTR fell below $284 last Thursday, marking a 21% decline since October 5.
Despite the losses, Strategy's stock price is still up 50.4% compared to a year ago and has surged 1,650% over the past five years.
The lowest MSTR stock price this year was about $238 per share recorded on April 7, while the highest was above $455 in July.
Although Strategy's Bitcoin purchases have noticeably slowed in recent months, many companies have followed its BTC treasury strategy, actively accumulating the asset.
Japanese hotel company Metaplanet adopted a Bitcoin treasury strategy in July 2024 and had accumulated 30,823 BTC (worth $34.1 billion) by the end of September, but last week its enterprise value fell below the value of its Bitcoin holdings.
Metaplanet's market-to-net asset value (mNAV)—the ratio of the company's value to its Bitcoin reserves—dropped to 0.99 on Tuesday and further declined to 0.9 on Saturday.
While the potential outcomes of this event remain to be seen, Metaplanet has not purchased more BTC since announcing its most recent acquisition on September 30.
Related: 10x Research: Bitcoin (BTC) treasury asset net worth collapse creates opportunities for investors
Original: “Michael Saylor's Strategy Takes Another Small Step Towards 700,000 Bitcoins (BTC)”
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