Michael Saylor’s Strategy has increased its Bitcoin accumulation, acquiring 487 BTC worth roughly $50 million, according to a Monday filing with the US Securities and Exchange Commission. The purchase boosts Strategy’s total holdings to 641,692 BTC, valued at over $67 billion at current market prices.
The filing revealed that the newly purchased Bitcoin was acquired at an average price of $102,557 per coin, slightly higher than the previous week’s acquisitions. This marks a continued commitment to Strategy’s digital asset treasury approach.
Steady accumulation and market context
Last week, Strategy added 397 BTC, up modestly from the 390 BTC it purchased in the final week of October for about $43 million. Analysts have noted that institutional investors often track Strategy’s moves, using them as a gauge for exposure to both Bitcoin and Strategy’s MSTR shares through exchange-traded funds.
As of Monday, Bitcoin was trading at $105,321, reflecting a 1.5% increase over the previous 24 hours, according to data from Nansen.
Kynikos closes short, signaling optimism
The latest purchase comes after Kynikos Associates announced the closure of its short position against Strategy’s MSTR shares on Friday. The decision indicates that some investors are growing more confident in Bitcoin-focused treasury strategies and may view Strategy’s accumulation as a bullish signal.