Bitcoin News

Breaking: Michael Saylor’s Strategy Adds 220 Bitcoin Amid Crypto Market Dip

Strategy, previously MicroStrategy, has announced another Bitcoin purchase, which it made amid the crypto market dip last week.
Published by
Breaking: Michael Saylor’s Strategy Adds 220 Bitcoin Amid Crypto Market Dip

Highlights

  • Strategy bought 220 Bitcoin between October 6 and 12 last week.
  • Michael Saylor had hinted about the purchase yesterday.
  • The MSTR stock is trading flat today, just above $300.

Michael Saylor’s Strategy has resumed its weekly Bitcoin purchase after a one-week break. This latest purchase comes amid a crypto market dip, during which BTC erased all its gains from the start of the month. ‘

Advertisement

Strategy Acquires 220 BTC for $27.2 Million

In a press release, the company announced that it had acquired 220 BTC for $27.1 million at an average price of $123,561 per Bitcoin. It now holds 640,250 BTC, which it acquired for $47.38 billion at an average price of $74,000 per Bitcoin. Strategy has also achieved a BTC yield of 25.9% year-to-date (YTD).

The company funded this latest purchase by selling STRF, STRD, and STRK shares. It raised $19.8 million, $5.8 million, and $1.7 million, respectively, from these sales.

As CoinGape reported, Strategy’s co-founder, Michael Saylor, hinted at the Bitcoin purchase yesterday. He posted the company’s BTC portfolio tracker with the caption ‘Don’t Stop ₿elievin’.

Notably, this Bitcoin buy comes amid the Friday crypto market crash, which marked the largest liquidation event in crypto history. Bitcoin had dropped to as low as $104,000 after U.S. President Donald Trump announced a 100% tariff on China, starting on November 1.

The purchase also comes just a week after Strategy halted its weekly BTC purchases. Before then, the company had purchased Bitcoin for nine consecutive weeks. This dates back to July when it bought 21,021 Bitcoin for $2.46 billion, the largest purchase this year.

Meanwhile, the MSTR stock is trading flat amid the announcement of this latest purchase. TradingView data shows that the stock is trading at around $307 in premarket trading, up just 1% from last week’s closing price of $304.

Source: TradingView; MSTR Daily Chart

The Strategy stock has dropped as much as 13% in the last five trading days. Meanwhile, it has been on a steady decline since its 2025 high of $455, losing almost all its year-to-date (YTD) gains in the process.

Advertisement

Share
Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Breaking: China Renaissance Bank Eyes $600M Raise for BNB-Focused Fund with YZI Labs

China Renaissance Bank is reportedly planning to raise $600 million for a new publicly listed…

October 13, 2025
  • News

Just-In: XRP Sees Strong Institutional Interest as ETF Approval Countdown Begins

XRP funds recorded another week of strong inflows of $61.6 million. This indicates institutional interest…

October 13, 2025
  • News

HYPE Token Gets Major Boost as Hyperliquid Launches HIP-3 Upgrade for Perp Market Creation

Hyperliquid has announced it will activate its HIP-3 network upgrade later today, introducing easy Perp…

October 13, 2025
  • Altcoin News

BNB Price Soars 16% to Hit New ATH amid Changpeng “CZ” Zhao’s Bullish Push

BNB price rebounds 16% to hit a new all-time high (ATH) on Monday, recovering all…

October 13, 2025
  • News

Crypto Market Braces for Volatility Ahead of Key U.S. Economic Events This Week

The crypto market could see a shift amid upcoming key economic events this week. This…

October 13, 2025
  • News

Hyperliquid Founder Slams Binance, CEXs Blaming Then of 100x Underreporting

Hyperliquid founder Jeff Yan has come forward to defend his decentralized exchange (DEX), following accusations…

October 13, 2025