Michael Saylor’s Strategy Resumes Bitcoin Purchase Amid Crypto Market Crash
After a one-week break, Michael Saylor's Strategy has started buying Bitcoin again, even with a decline in the cryptocurrency market.
Michael Saylor's Strategy has restarted its weekly Bitcoin purchases following a one-week hiatus. This latest acquisition comes during a crypto market downturn, during which BTC lost all of its gains since the beginning of the month.
Michael Saylor's Strategy Acquires 220 BTC for $27.2M
In a press release, the corporation stated that it had purchased 220 BTC for $27.1 million, with an average price of $123,561 per Bitcoin. It now owns 640,250 BTC, which it bought for $47.38 billion at an average price of $74,000 per Bitcoin. Michael Saylor's Strategy has also generated a BTC yield of 25.9% year to date (YTD).
The corporation paid for this recent purchase by selling STRF, STRD, and STRK stock. These sales generated $19.8 million, $5.8 million, and $1.7 million in revenue, respectively.
Michael Saylor, Strategy's co-founder, hinted at a Bitcoin acquisition yesterday. He shared the company's BTC portfolio tracker with the caption, ‘Don't Stop ₿elievin'.
This Bitcoin purchase occurred during the Friday crypto market fall, the largest liquidation event in crypto history. Bitcoin sank to as low as $104,000 after US President Donald Trump imposed a 100% tariff on China beginning November 1.
The transaction also comes barely one week after Strategy discontinued its weekly BTC acquisitions. Previously, the corporation had been purchasing Bitcoin for nine weeks. This dates back to July, when it bought 21,021 Bitcoin for $2.46 billion, the highest purchase of the year.
Meanwhile, MSTR stock is trading flat following the announcement of the fresh purchase. According to TradingView data, the stock is trading at about $307 in premarket trade, up only 1% from last week's close of $304.
The Strategy stock has declined by up to 13% in the last five trading days. Meanwhile, it has steadily declined since its peak of $455 in 2025, wiping out nearly all of its year-to-date (YTD) gains.
