Michael Saylor has confirmed that Strategy has resumed accumulating Bitcoin after last week’s unexpected sale, a move that had triggered widespread speculation and concern among crypto investors.
After hinting at renewed purchases over the weekend, Saylor announced that the company acquired an additional 1,550 BTC for approximately $101 million, paying an average price of $65,332 per coin.
Bitcoin Holdings Reach New High
With the latest purchase, Strategy’s total Bitcoin holdings have climbed to 845,256 BTC. The company has accumulated its position at an average cost of roughly $75,680 per Bitcoin.
Despite remaining the largest corporate holder of Bitcoin, Strategy is currently sitting on a substantial unrealized loss. With Bitcoin trading below $64,000, the firm’s paper losses exceed $10 billion, though they remain below the recent peak loss of around $12.5 billion recorded during the market downturn.
In addition to expanding its Bitcoin reserves, the company also increased its cash position by $100 million, bringing its total dollar reserves to approximately $1 billion.
Last Week’s Sale Triggered Fear in the Market
The renewed buying comes shortly after Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first BTC sale since 2022.
Although the amount sold was relatively minor, the decision attracted significant attention and fueled fears that Strategy might be shifting away from its long standing buy and hold approach.
Market participants worried that continued selling from one of Bitcoin’s largest institutional holders could add further pressure to an already fragile market environment.
Several analysts and commentators weighed in on the development, warning that repeated sales could negatively impact investor sentiment and Bitcoin’s price performance.
Analysts Say Concerns May Fade
Crypto analyst Michaël van de Poppe suggested that concerns surrounding the sale could quickly disappear if it proves to be an isolated transaction.
According to van de Poppe, a return to regular Bitcoin accumulation would likely undermine the bearish narrative that emerged following the sale and help restore confidence among investors.
Saylor Shares Long Term Vision for Bitcoin
Alongside the announcement, Saylor also outlined his perspective on Bitcoin’s future development.
He believes the Bitcoin ecosystem will increasingly be shaped by four distinct groups: maximalists, capitalists, technologists, and fundamentalists. Each group, he argued, will advocate for different priorities and approaches regarding how the network and the asset should evolve over time.
For now, Strategy’s latest purchase reinforces the company’s commitment to its Bitcoin focused strategy and suggests that last week’s sale may have been an exception rather than the start of a broader shift in policy.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
