Strategy Announces New $214 Million Bitcoin Purchase, Now Controls 3.2% Of BTC Supply

Michael Saylor’s Strategy has unveiled its latest Bitcoin acquisition, which has taken its holdings to the 3.2% BTC supply ￰0￱ Has Just Added 1,955 Tokens To Its Bitcoin Treasury In a new post on X, Strategy co-founder and chairman Michael Saylor has revealed the details related to the latest Bitcoin purchase made by the ￰1￱ buy involved 1,955 BTC and costed the firm about $111,196 per token or a total of $217 ￰2￱ acquisition has raised Strategy’s holdings to 638,460 ￰3￱ the current supply of the cryptocurrency standing at 19,917,900 coins, the treasury company’s stack alone accounts for 3.2% of all BTC in ￰4￱ is tradition, the Monday purchase was preceded by a Saylor X post on Sunday with the company’s treasury portfolio ￰5￱ time, the chairman used the caption “Needs More Orange.” Strategy has been quite active with its Bitcoin buying over the past few months, announcing a purchase almost every week.

Here’s how the latest buy compares against the past ones, according to a chart shared by CryptoQuant community analyst ￰6￱ displayed in the above graph, the latest acquisition completed by the company is relatively small, with both the last two buys of 4,048 BTC and 3,081 BTC being ￰7￱ last five buys all pale in comparison to some of the purchases made earlier in the year, however, implying a bit of a slowdown for the company in ￰8￱ buying may no longer be as intense anymore, the firm’s reserves are still holding up well in terms of ￰9￱ company’s stack currently values at $71.82 billion, which puts it around 52.26% above water compared to its investment of $47.17 ￰10￱ from Bitcoin treasury companies as a whole has been down recently, as pointed out by Capriole Investments founder Charles Edwards in an X ￰11￱ above chart shows the trend in the BTC treasury company buyers participating in accumulation every ￰12￱ the peak of the frenzy in July, the rate of these firms purchasing per day stood at more than 3.8.

Today, this value has dropped to just 2.2. “Treasury Company demand continues to collapse,” notes Edwards. Though, while demand may be dropping, it’s still significantly higher than historical levels, at least for ￰13￱ of treasuries, a new company has joined in on the craze, Hong Kong-based cryptocurrency exchange ￰14￱ to a press release , HashKey is planning to launch a digital asset treasury fund with a first-phase fundraising target of $500 ￰15￱ exchange will put an initial emphasis on initiating and investing into Ethereum and Bitcoin ecosystem digital asset treasury ￰16￱ Price Bitcoin is making another go at recovery as its price has climbed to the $112,700 mark.