Strategy Buys Nearly $1B in Bitcoin Again as BTC Slides Toward $89K
Strategy (MSTR), the world’s largest publicly traded holder of Bitcoin, has stepped up its accumulation efforts for a second consecutive week, deploying close to $1 billion into BTC as prices softened amid renewed macroeconomic pressure.
The company disclosed on Monday that it acquired 10,645 Bitcoin last week for approximately $980.3 million, paying an average price of $92,098 per coin.
The purchase came as BTC traded lower over the weekend, briefly touching two-week lows before stabilizing near the $89,000 area.
Also read: Why Cantor Slashed Strategy’s Price Target — and Still Calls It a Buy
Bitcoin Holdings Rise to 671,268 BTC
Following the latest acquisition, Strategy’s total Bitcoin holdings climbed to 671,268 BTC. The firm has spent a combined $50.33 billion building its position, equating to an average cost of $74,972 per coin.
Strategy’s BTC holdings (Source: SaylorTracker)
While the recent pullback has pressured prices in the short term, Strategy remains meaningfully in profit on its holdings, reinforcing its long-standing view of Bitcoin as a core treasury reserve asset rather than a tactical trade.
Also read: Strategy’s Michael Saylor Sees Trillions Flowing Into Bitcoin-Backed Digital Banks
Equity Issuance Powers Renewed Buying Spree
The acquisition was funded primarily through the sale of $888.2 million in common stock, according to a regulatory filing, with the remaining capital largely raised through the issuance of STRD preferred shares.
The financing structure is notable, as Strategy’s Bitcoin purchases over recent months had been relatively modest, reflecting limits on how aggressively the company could raise new capital without increasing dilution.
Over the past two weeks, however, management has shown a greater willingness to lean on equity issuance to take advantage of perceived weakness in the Bitcoin market.
Bitcoin Pullback Driven by Macro Uncertainty
Bitcoin fell to a two-week low near $87,600 late Sunday before recovering above $89,000, according to TradingView data. The move lower followed a pattern seen in recent weeks, with price declines emerging during thin weekend trading conditions.
Market participants have largely attributed the selling pressure to macro concerns, particularly expectations around an imminent interest rate decision by the Bank of Japan. A widely anticipated rate hike has revived fears of a global carry trade unwind, a dynamic that historically weighs on risk assets, including cryptocurrencies.
Also read: Bitcoin’s Biggest Shift Yet? Cathie Wood Says Institutions Have Changed Everything
Analysts Split on Impact of Japan Rate Decision
Some analysts argue that tighter policy in Japan could act as a renewed headwind for Bitcoin if global liquidity conditions tighten further. Others counter that the move has been well telegraphed and is already reflected in current prices.
Justin d’Anethan, head of research at Arctic Digital, said the slide toward the high-$80,000 range felt psychologically significant, even if Bitcoin remains within a broader consolidation phase.
Range-Bound Market Meets Corporate Conviction
Despite the macro overhang, expectations for Bitcoin remain largely range-bound, with many analysts forecasting consolidation between $80,000 and $100,000 in the absence of a fresh catalyst.
Within that environment, Strategy’s renewed buying activity stands out as a high-conviction bet that recent weakness represents an opportunity rather than a structural shift in the market.
Beyond its Bitcoin accumulation, Strategy also confirmed last week that it will remain a constituent of the Nasdaq 100.
Separately, the company has pushed back against MSCI’s proposal to exclude companies with digital asset exposure from certain indices, highlighting its efforts to maintain its position within traditional equity benchmarks.
For now, Strategy’s latest near-billion-dollar acquisition shows its continued willingness to accumulate BTC aggressively, even as broader markets wrestle with tightening global financial conditions.
