Michael Saylor’s firm, Strategy Inc., continues to expand its Bitcoin holdings but at a noticeably slower pace. The company’s latest purchase reflects a sharp decline in its accumulation rate compared to previous months.
With both Strategy and US spot Bitcoin ETFs easing their buying activity, market demand appears to be losing momentum, which could dampen Bitcoin’s near-term recovery prospects.
Strategy’s Bitcoin holdings rise to 641,205 BTC
According to a Monday filing with the US Securities and Exchange Commission (SEC), Strategy acquired 397 Bitcoin worth approximately $45.6 million last week.
The company paid an average of $114,771 per coin. This latest purchase brought its total Bitcoin holdings to 641,205 BTC, valued at $47.49 billion.
The firm’s average purchase price stands at $74,047 per Bitcoin, with a reported year-to-date yield of 26.1%, as confirmed in a post shared on X by Strategy.
Just a week earlier, Strategy bought 390 Bitcoin for $43.3 million. That brought its total acquisitions for October to 778 BTC, one of the smallest monthly totals in recent years.
In comparison, the company accumulated 3,526 Bitcoin in September, marking a 78% decline in October’s purchase volume.
The slower buying pace indicates a strategic shift after a months-long accumulation streak that had positioned the company as one of the largest corporate holders of Bitcoin globally.
Source: SEC.gov
The firm’s steady purchases have often aligned with Bitcoin price recoveries. However, the recent deceleration suggests a more cautious approach amid market uncertainty.
Strategy’s sustained accumulation remains a significant factor in Bitcoin’s long-term demand structure, but its short-term restraint could influence price dynamics.
Analysts caution on slower institutional demand
Both Strategy and US spot Bitcoin exchange-traded funds have been the primary sources of institutional demand throughout 2025.
The market could struggle to regain momentum if these key players continue reducing their buying activity.
Ki Young Ju, the founder and CEO of CryptoQuant, noted on X that Bitcoin’s ability to rebound to previous highs depends largely on renewed accumulation from these entities.
“Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns,” he stated.
The combination of reduced corporate and ETF purchases has limited Bitcoin’s upward potential in recent weeks.
As institutional inflows taper off, the cryptocurrency’s price recovery could remain constrained unless buying activity resumes at previous levels.
Source: X
Despite the slowdown, Strategy’s total holdings represent a substantial portion of the circulating Bitcoin supply, reinforcing its influence on the market’s liquidity and sentiment.
While its latest purchase adds to an already massive position, the reduced pace may signal a recalibration of its buying strategy amid evolving market conditions.
Looking at the Strategy Inc. stock price, it has dropped by nearly 9% today to trade at $260.67 at press time. The stock is down more than 11% over the past week and by more than 25% over the past month.