Michael Saylor’s company, Strategy—the largest public holder of Bitcoin—expanded its reserves once again last week, buying more BTC just as the market hit new record highs before a sharp correction.
According to a filing with the U.S. Securities and Exchange Commission on Monday, Strategy purchased 430 BTC for about $51.4 million during the week ending Sunday. The acquisition came at an average cost of $119,666 per coin, highlighting the wild price swings as Bitcoin traded around $120,000 on Monday before dropping to $115,000 by Sunday, per CoinGecko data.
With this addition, Strategy’s total holdings climbed to 629,376 BTC, acquired for approximately $46.15 billion at an average entry of $73,320 each.
“Volatility is a gift”
Bitcoin’s latest run saw the asset climb above $124,000 on Wednesday before sliding back toward $115,000 over the weekend. Saylor addressed the turbulence on X, writing: “Volatility is a gift to the faithful”—a reminder of his long-standing bullish stance even as BTC fell below $118,000 shortly after.
At the market’s recent highs, Strategy’s Bitcoin stack briefly reached an all-time value of $77.2 billion, according to Saylor.
A shift toward smaller buys?
The latest 430 BTC purchase follows another modest acquisition of 155 BTC announced the previous week. This marks a clear slowdown compared to July, when Strategy added 31,466 BTC in three separate deals between July 14 and Aug. 3—significantly more than the 17,075 BTC bought in June.
By comparison, Japanese investment firm Metaplanet made a larger move last week, scooping up 775 BTC for $93 million at an average price of $120,006 per coin.
Despite the smaller buys, Saylor remains an active voice in the expanding Bitcoin treasury trend, often sharing updates from other institutions. Data from BTC treasuries tracker NLNico—reshared by Saylor—showed that between Aug. 11–17, corporate buyers collectively added 3,900 BTC across 62 separate announcements.
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