Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC

Source Newsbtc

According to recent filings, MicroStrategy (rebranded to Strategy) added 1,045 Bitcoin to its holdings this week. The move pushed the firm’s average purchase price to $70,086, after buying at levels above $100,000 in recent weeks.

So far, the Michael Saylor-led company has spent more than $40 billion on Bitcoin and is lining up more financing to keep the buys coming.

Weekly Bitcoin Purchases Continue

Strategy’s drip-feed gameplan has become routine. The firm bought just under 2,000 BTC over the last two weeks, but split those into smaller chunks.

That steady rhythm helps avoid big bumps in the market. It also keeps the firm in the headlines on a weekly basis. Traders watch closely. When the company buys, prices tend to move up.

Rather than issue new MSTR shares, Strategy tapped its STRK and STRF stocks. The latest filings show $62.7 million in STRK and $43.3 million in STRF went into Bitcoin purchases.

No new common shares were registered this round. That keeps Strategy at about 0.02 BTC per MSTR share—10 times more Bitcoin per share than any other name in the sector.

Impact On Market Supply

Corporate treasuries now hold roughly 3.4 million BTC. That stash includes what miners and governments no longer sell. It leaves less coin on the open market.

Over-the-counter desks have seen their inventories drop from 236,000 BTC a month ago to just 123,500 BTC today. Even Coinbase Prime, one of the main outlets for big players, shows only 63,535 BTC available.

Corporate Trends And Outlook

Strategy’s moves still cast a long shadow. Only 26 other public companies have more than 1,000 BTC, and just seven hold over 10,000 BTC. On-chain data points to nearly 2,000 whale wallets that top those numbers.

In the past week alone, five additional firms bought BTC, using their purchases to grab attention on social media. In all, 124 public companies have now listed Bitcoin on their balance sheets or signaled plans to buy.

What It Means For Investors

Based on reports, small-scale buys can spur fresh demand without the risk of giant, sudden orders. But average prices above $70,000 come with their own risk. If Bitcoin dips, paper losses mount fast.

High interest rates add further pressure. Still, Strategy’s approach fuels a sense of scarcity. Every weekly buy reminds markets that big holders are in no rush to sell.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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