Michael Saylor’s Strategy, the world’s largest publicly traded Bitcoin holder, has added more BTC to its balance sheet after a short-lived market dip pushed prices below a key threshold.
According to a recent filing with the US Securities and Exchange Commission, Strategy purchased 855 Bitcoin last week for approximately $75.3 million. The company paid an average price of $87,974 per BTC during a volatile period that saw Bitcoin climb toward $90,000 before briefly plunging under $75,000 on Sunday.
The move highlights Strategy’s continued commitment to its long-term Bitcoin accumulation strategy, even as market sentiment turns cautious.
Strategy Expands Bitcoin Holdings Despite Price Volatility
The latest purchase brings Strategy’s total Bitcoin holdings to 713,502 BTC. Altogether, the company has spent roughly $54.26 billion acquiring Bitcoin, with an average purchase price of $76,052 per coin.
Notably, Bitcoin’s brief dip below $75,000 marked the first time since late 2023 that BTC traded below Strategy’s overall cost basis. Despite this, the firm continued buying, signaling confidence in Bitcoin’s long-term value rather than short-term price movements.
Bitcoin began the week trading above $87,700, surged to nearly $90,000, and then experienced a sharp weekend sell-off. The pullback briefly placed Bitcoin below Strategy’s average purchase price before rebounding.
History Shows Strategy Buys Through Below-Cost Periods
This is not the first time Bitcoin has traded below Strategy’s average purchase price. After launching its Bitcoin-focused strategy in August 2020, the company experienced its first below-cost period in 2022. In May of that year, Bitcoin fell under $30,000 while Strategy’s average entry price sat near $30,600.
That downturn slowed the company’s accumulation, with only 8,109 BTC added during 2022. Bitcoin remained below Strategy’s cost basis until late August 2023, aside from a brief rebound. During that extended period, Strategy completed seven purchases totaling 28,560 BTC, which accounted for around 22% of its holdings at the time.
Despite recent market weakness, sentiment around Strategy’s future accumulation remains optimistic. Polymarket data currently shows an 81% probability that Strategy’s Bitcoin holdings will exceed 800,000 BTC by 2026, even as traders assign rising odds to further downside in Bitcoin’s price this year.
