Strategy Adds $45.6 Million in Bitcoin but Eases Accumulation Pace

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Michael Saylorâ€™s company Strategy has added another 397 Bitcoin worth roughly $45.6 million, according to a new filing with the U.S. Securities and Exchange Commission (SEC).

The acquisition took place last week at an average price of about $114,771 per coin, bringing the companyâ€™s total holdings to 641,205 BTC.

In an X post shared on Monday, Strategy said its total Bitcoin acquisitions now amount to $47.49 billion, with an average purchase price of $74,047 per coin.

Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD 2025. As of 11/2/2025, we hodl 641,205 $BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/yJfoyeNzCm
— Strategy (@Strategy) November 3, 2025

The firm also noted that its Bitcoin portfolio has achieved a 26.1% year-to-date yield, further cementing its position as the largest corporate holder of Bitcoin globally.

Buying Pace Slows Sharply After Record September

Despite the latest purchase, the firm’s buying pace has noticeably slowed compared to its pre-October streak. The company acquired 390 BTC for $43.3 million the previous week, bringing its total for October to 778 BTC â€” one of the smallest monthly totals in recent years.

Strategyâ€™s most recent Bitcoin purchases (Source: Strategy)

By comparison, Strategy acquired 3,526 BTC in September, nearly 78% more than it did in October. The reduced accumulation rate marks a distinct cooling in the companyâ€™s buying behavior after months of consistent large-scale purchases.

Analysts Warn Slower Demand Could Weigh on Bitcoin

Market analysts have cautioned that the firm’s slower accumulation could have an impact on Bitcoinâ€™s price momentum.Â

According to analytics platform CryptoQuant, both Strategy and U.S. spot Bitcoin exchange-traded funds (ETFs) have been the primary sources of institutional demand throughout 2025.

The firm suggested that Bitcoinâ€™s price recovery could stall unless these entities resume their previous pace of accumulation.

â€œDemand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns,â€ said Ki Young Ju, founder and CEO of CryptoQuant, in a Sunday post on X.

8/ Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns. pic.twitter.com/HGPnPkDU0k
— Ki Young Ju (@ki_young_ju) November 2, 2025

Institutional Buying Remains Key to Bitcoin Recovery

The slowdown in the firm’s Bitcoin purchases reflects broader caution among institutional investors amid uncertain market conditions.Â

While the companyâ€™s steady additions indicate ongoing confidence in Bitcoinâ€™s long-term value, its reduced buying activity could dampen near-term optimism.

As Bitcoin continues to trade around the $107,000 range, many market participants are now watching whether Strategy and other major buyers will reaccelerate their accumulation â€” a move that could reignite institutional demand and help drive the next leg of Bitcoinâ€™s recovery.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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