Key Takeaways
- Strategy acquired 487 BTC (~$50M), bringing total holdings to 641,692 BTC.
- Institutional investors view Strategy’s moves as a market signal.
- Bitcoin price remains strong at $105,321, with bullish sentiment growing.
- Hedge funds like Kynikos closing shorts indicate confidence in BTC treasury strategies.
Strategy Boosts Bitcoin Holdings by $50 Million
Michael Saylor’s investment firm, Strategy, has escalated its Bitcoin acquisition, adding 487 BTC worth approximately $50 million to its crypto treasury. The move, disclosed in a Monday filing with the U.S. Securities and Exchange Commission (SEC), underscores the company’s continued bullish stance on Bitcoin as a long-term asset.
At an average purchase price of $102,557 per coin, the latest acquisition increased Strategy’s total Bitcoin holdings to 641,692 BTC, valued at more than $67 billion at the time of publication. This follows the firm’s previous week, which saw the purchase of 397 BTC, marking a steady expansion in its crypto portfolio.
Also Read: Metaplanet Beats El Salvador in Bitcoin Holdings, Aims for 10,000 BTC by 2025
Institutional Attention on Strategy’s Moves
Reports indicate that Strategy’s Bitcoin purchases are influencing institutional behavior, with some investors using the company’s actions as a bellwether for acquiring shares or gaining exposure through exchange-traded funds (ETFs). The gradual increase—from 390 BTC purchased in late October to 487 BTC this week—demonstrates a consistent commitment to Bitcoin accumulation.
Market data from Nansen shows BTC trading at $105,321, reflecting a 1.5% surge in the last 24 hours. Strategy’s ongoing buying may contribute to broader market confidence, particularly among institutional players seeking stable exposure to digital assets.
Investor Sentiment Shifts: Short Positions Close
In parallel with Strategy’s latest purchases, major hedge fund Kynikos Associates announced it had closed its short position against Strategy’s MSTR shares. The decision signals growing optimism among investors about the efficacy of Bitcoin treasury strategies and suggests that market sentiment may be increasingly favoring long-term BTC accumulation.
Also Read: Bitcoin Crash Alert: Why Smart Money Is Selling While Retail Traders Buy
Strategy Signals Continued BTC Confidence
Michael Saylor’s firm continues to set the tone for institutional Bitcoin accumulation. With total holdings surpassing $67 billion, Strategy’s latest purchase demonstrates that BTC remains a core component of its long-term investment strategy, while shifting market sentiment hints at increasing confidence from other major investors.
