Strategy Continues Bitcoin Accumulation: Michael Saylor's Company Holds Over 849,000 BTC
Michael Saylor, Executive Chairman of Strategy, shared a chart indicating his company's continued Bitcoin accumulation. Strategy now holds 849,327 BTC, valued at $64.44 billion, with an average acquisition cost of approximately $75,446 per BTC.
Strategy holds 849,327 BTC valued at $64.44 billion.
Average acquisition cost is $75,446 per BTC.
Strategy recently acquired 811 BTC for $65.5 million.
Accumulation signals long-term conviction in Bitcoin.
Story
Michael Saylor, Executive Chairman of Strategy, has fueled speculation about further Bitcoin acquisitions by his company through the release of a chart. The chart illustrates Strategy's continued Bitcoin accumulation, with the company now holding 849,327 BTC in its treasury, valued at $64.44 billion. The average acquisition cost for Strategy is approximately $75,446 per BTC. Strategy recently disclosed to the SEC that it acquired 811 BTC for $65.5 million between October 26 and November 1. Strategy's consistent accumulation strategy, regardless of price fluctuations, signals strong institutional conviction in Bitcoin as a long-term asset. This ongoing buying by a prominent corporate holder can provide a floor for prices and reflects a belief in future appreciation, even during periods of market uncertainty.
Issue context
Crypto markets are starting the week under significant pressure, as global uncertainties and waning investor risk appetite lead to a broad sell-off. Bitcoin and Ethereum have seen notable declines, accompanied by massive liquidations in the derivatives market and persistent outflows from spot ETFs. These developments reflect a cautious stance among institutional investors and contribute to a prevailing climate of fear, confirmed by the Crypto Fear & Greed Index. Upcoming US inflation data could further influence market direction, while the industry also faces internal challenges such as security vulnerabilities and regulatory uncertainty.
Current market conditions are characterized by heightened uncertainty and volatility. The combination of macroeconomic factors, ETF outflows, and liquidation events suggests an environment where rapid price movements are possible. Pay attention to upcoming economic data and remain aware of the risks associated with leveraged positions.
Market pulse
BTC
$75.8K
-0.2% 24h / -2.71% 7d
Fear & Greed
28
Fear
BTC Funding
+0.0083%
20 perp markets · Open Interest $53.6B
BTC Open Interest
$53.6B
24h volume $64.2B · basis +0.059%
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.