Michael Saylor’s Strategy Adds More BTC as Bitcoin Erases YTD Gains

Michael Saylor’s Strategy, previously MicroStrategy, has made another weekly Bitcoin purchase, further extending its weekly BTC buying streak. This latest purchase comes amid Bitcoin’s recent drop below $87,000, erasing all its year-to-date (YTD) gains in the process.

Strategy Acquires 2,932 For $264.1 Million

An SEC filing shows that the company acquired 2,932 BTC for $264.1 million at an average price of $90,061 per Bitcoin. It now holds 712,647 BTC, which it acquired for $54.19 billion at an average price of $76,037 per Bitcoin. The company has now acquired over 40,000 BTC to start the year and is well on track to hold over 800,000 BTC by year-end.

Strategy funded this latest purchase with net proceeds from MSTR and STRC stock sales. It raised $257 million and $7 million, respectively, from the sale of 1.57 million MSTR and 70,201 STRC shares.

Strategy SEC FilingStrategy SEC Filing
Source: Strategy SEC Filing

This latest purchase comes just days after Michael Saylor hinted that his company had bought more BTC. He also made his conventional Sunday X post yesterday, posting Strategy’s Bitcoin portfolio tracker, with the caption, “Unstoppable Orange.”

This also marks the fifth consecutive weekly purchase. Last week, Saylor’s company announced that it acquired 22,305 BTC for $2.13 billion, its largest purchase since July 2025. It also became the first company to hit the 700,000 BTC milestone in the process.

Meanwhile, the Bitcoin price has erased all its year-to-date (YTD) gains amid Strategy’s latest BTC purchase. The flagship crypto, which had surged above $97,000 to start the year, is now trading just above $87,000. BTC had dropped to as low as $86,000 yeaterday on the back of concerns over a potential U.S. government shutdown.

The MSTR stock is also down following Bitcoin’s recent decline. Yahoo Finance data shows that the stock is trading at around $159, down over 2% from last week’s close of $163.

MSTR Daily ChartMSTR Daily Chart
Source: Yahoo Finance; MSTR Stock

Source: https://coingape.com/michael-saylors-strategy-adds-2932-btc-as-bitcoin-erases-ytd-gains/