Breaking: Michael Saylor’s Strategy Adds 390 BTC to Holdings as Bitcoin Surges Past $115k

Michael Adeleke
4 hours ago
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Strategy Inc. continues its Bitcoin accumulation, adding 390 BTC in a $43M purchase.

Highlights

  • Michael Saylor’s firm, Strategy, has continued its Bitcoin accumulation spree.
  • The firm now holds 640,808 BTC, valued at approximately $47.44 billion.
  • The purchhase come as the broader crypto market braces for a crucial economic week.

Michael Saylor’s treasury firm Strategy has made another weekly purchase as it continues to expand its BTC treasury. This comes as Bitcoin’s price continues its upward momentum amid the crypto market’s recovery.

Strategy Extends Bitcoin Buying Spree In Fresh Purchase

In a recent press release, the firm confirmed it had made another major Bitcoin acquisition. This strengthens its position as the world’s largest corporate holder of BTC. The company revealed it had purchased 390 BTC, worth $43 million, at an average price of $114,562 per coin.

With this latest buy, the firm’s total holdings now stand at 640,808 BTC, valued at roughly $47.44 billion, acquired at an average cost of $74,032 per Bitcoin. The company also reported a BTC yield of 26% year-to-date (YTD).

This comes after Michael Saylor’s trademark hint on X just yesterday. He shared Strategy’s Bitcoin portfolio tracker, captioning it, “It’s Orange Dot Day.”

Interestingly, the company’s latest purchase did not rely on selling its own MSTR shares. According to an SEC filing, Strategy instead raised capital by selling other share classes, STRF, STRK, and STRD, generating a combined $44.7 million in liquidity.

This marks the third consecutive weekly Bitcoin purchase following a brief pause earlier in the month. As previously reported, Strategy added 168 BTC for $18.8 million between October 20 and 26.

The firm’s stock performance has also maintained its momentum. According to TradingView data, MSTR is up almost 2%, trading close to $289. Bitcoin has continued to rise, reaching $116,000 in the meantime. It has now been in the green for three days in a row.

Source: TradingView; MSTR Daily Chart

Crypto Market Braces For Key Economic Week

This purchase comes as the crypto market prepares for an important week. The FOMC meeting on October 28-29 could shift investor sentiment, depending on what the Federal Reserve decides on interest rates.

Notably, traders have priced in two additional Fed rate cuts this year, one at the upcoming FOMC meeting and another in December.

Furthermore, the upcoming U.S.–China meeting between President Donald Trump and President Xi Jinping on Thursday could redefine global trade sentiment. U.S. Treasury Secretary Scott Bessent shared that they had made progress with China on negotiations over the Trump Tariffs. The two countries met over the weekend in Malaysia in preparation for the major meeting slated for October 30.

Adding to the market’s anticipation, major tech companies are set to report earnings this week. Collectively representing nearly a quarter of the S&P 500 Index, their performance could either validate or weaken the current risk-on sentiment.

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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.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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.