Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its BTC stash last week amid another market sell-off following the Black Friday crypto crash.
Strategy acquired 168 Bitcoin (BTC) for $18.8 million last week, according to data published by Strategy on X on Monday.
The latest Bitcoin acquisition was made at an average price of $112,051, though Bitcoin slipped below $104,000 on Friday amid the shockwaves of the market crash on Oct. 10, according to Coinbase data.
With the purchase, Strategy held a total of 640,418 Bitcoin, purchased for about $47.40 billion at an average price of $74,010 per BTC.
Strategy’s path to 700,000 BTC
Strategy’s latest 168 BTC purchase was another small addition in a series of minor buys, a notable contrast to its massive Bitcoin hoarding earlier this year, when monthly purchases averaged around 25,000 BTC in April and May.
Based on an average monthly buying pace of 5,620 BTC over August and September, when Strategy purchased 7,714 BTC and 3,526 BTC respectively, it would take roughly 11 months to reach a total of 700,000 BTC on its balance sheet.
The latest Bitcoin purchase followed a 220 BTC buy for $27.2 million the previous week, which came as BTC briefly hit a new all-time high above $126,000 before plunging to $110,000 in the Oct. 10 market crash.
MSTR takes another dip
Strategy’s Bitcoin purchases came as its Common A stock (MSTR) extended losses last week, falling back to levels not seen since April 2025.
According to data from TradingView, MSTR slid below $284 last Thursday, marking a continued decline of 21% since Oct. 5.
Despite the losses, Strategy’s stock is still up 50.4% from where it stood one year earlier, with a massive 1,650% surge in the past five years.
The lowest price of MSTR shares so far in 2025 was about $238 per share recorded on April 7, while the highest was in July at more than $455.
While Strategy’s Bitcoin buying has slowed notably in recent months, many companies have followed its lead with BTC treasury plans, aggressively accumulating the asset.
Related: NAV collapse creates rare opportunity in Bitcoin treasurys — 10x Research
Metaplanet, a Japanese hotel company that went for Bitcoin treasury in July 2024, had hoarded 30,823 BTC ($34.1 billion) by the end of September, only to see its enterprise value fall below the value of its Bitcoin holdings last week.
Metaplanet’s market to Bitcoin NAV (mNAV) — a ratio between the company’s value and its Bitcoin stash — slipped to 0.99 on Tuesday and then tumbled deeper to 0.9 on Saturday.
While the potential outcomes of the event are yet to be seen, Metaplanet has not bought more BTC since it made its most recent BTC acquisition announced on Sept. 30.
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