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

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. ‘

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.

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.

Peter Schiff Criticizes The Bitcoin Purchase

Bitcoin critic and renowned economist Peter Schiff questioned why Strategy didn’t buy Bitcoin when the price crashed to $104,000 last. He added that the company’s average purchase price for the week is almost 8% above the current market price.

Schiff also pointed out that the company’s average price on its entire BTC position is $74,000, representing a 55% gain. In line with this, he remarked that Saylor and Strategy would have been better off if they had bought gold instead.