Strategy Acquires 196 BTC, Analysts See Buyers in Stress
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Key Notes Strategy added 196 BTC for $22.1 million, bringing its holdings to 640,031 BTC worth $47.35 billion. The purchase is one of Strategy’s smaller recent acquisitions, funded via stock issuance. Analysts say Bitcoin is moving from accumulation into distribution, with Q4 historically bullish. Strategy (MSTR), the world’s largest corporate Bitcoin holder, has added to its massive reserves despite BTC’s brief drop to $108,000. The company announced the purchase of 196 BTC BTC $113 987 24h volatility: 3.7% Market cap: $2.27 T Vol. 24h: $56.16 B for roughly $22.1 million at an average price of $113,048 per coin, bringing its total holdings to 640,031 BTC, worth about $47.35 billion at an average cost of $73,983 per BTC. Strategy has acquired 196 BTC for ~$22.1 million at ~$113,048 per bitcoin. As of 9/28/2025, we hodl 640,031 $BTC acquired for ~$47.35 billion at ~$73,983 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/NnmLONBsRK — Michael Saylor (@saylor) September 29, 2025 A smaller but strategic addition The acquisition, funded through common stock issued under an at-the-market (ATM) program and perpetual preferred stock, marks one of the company’s smaller weekly purchases in recent months. Michael Saylor, Strategy’s co-founder, continues to view Bitcoin as a long-term store of value, suggesting that despite macro headwinds, BTC could see renewed strength heading into year-end. “I think that as we work through resistance and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor recently said in a CNBC interview. Accumulation nears distribution CryptoQuant analysts note that Bitcoin is entering Q4, a seasonally bullish quarter for digital assets, though one often marked by heightened volatility. They argue that Bitcoin has been in an accumulation cycle since early 2023 and is now approaching a distribution phase, where markets typically see…
Filed under: News - @ September 29, 2025 6:27 pm