Bitcoin slipped below the $108,000 mark on Monday, extending its recent pullback even as Michael Saylor’s company, Strategy, announced another major Bitcoin purchase.
The firm revealed it had acquired 397 BTC for approximately $45.6 million at an average price of $114,771 per coin, continuing its long-term accumulation strategy.
According to Saylor’s post on X, the company has achieved a 26.1% Bitcoin yield year-to-date in 2025, bringing its total holdings to a staggering 641,205 BTC, valued at nearly $47.49 billion at an average purchase price of $74,057. This latest acquisition reaffirms Strategy’s commitment to its Bitcoin-focused treasury approach, even amid market volatility.
Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD 2025. As of 11/2/2025, we hodl 641,205 $BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/gEuzDaloRb
— Michael Saylor (@saylor) November 3, 2025
Saylor’s Long-Term Conviction Remains Unshaken
Despite the recent downturn in Bitcoin’s price, Saylor has consistently maintained that Bitcoin represents the ultimate long-term store of value. His firm’s steady pace of accumulation reflects a belief that short-term corrections are opportunities for strategic positioning.
Over the years, Strategy’s Bitcoin purchases have often coincided with market uncertainty, a pattern that many in the crypto community see as reinforcing institutional confidence in digital assets.
Bitcoin’s Technical Outlook: Momentum Weakens Below $108K
At press time, Bitcoin is trading around $107,900, down roughly 2.3% in the last 24 hours, after hitting an intraday low of $106,700. The daily chart shows continued weakness following multiple failed breakout attempts above $111,000.
Technical indicators point to a cautious market mood. The Relative Strength Index (RSI) has dropped to 41, hovering near oversold territory, while the MACD remains negative, suggesting bears are still in control. Analysts highlight the $106,000–$105,000 zone as the next key support area, with a potential rebound only likely if Bitcoin can reclaim $111,000 in the coming sessions.
Institutional Support Could Prevent a Deeper Pullback
Although price action remains sluggish, institutional accumulation continues to play a stabilizing role. Strategy’s purchase follows several weeks of subdued Bitcoin ETF inflows, indicating that large corporate holders are still confident in Bitcoin’s long-term trajectory.
If the market maintains support above six figures, analysts believe renewed institutional inflows could trigger a broader recovery heading into the final months of 2025.
Broader Sentiment Still Divided
Market sentiment remains mixed, with traders cautious about macroeconomic factors such as U.S. interest rate policy and ETF capital flows. However, Saylor’s announcement has added a note of optimism for Bitcoin advocates who view ongoing corporate buying as a positive long-term signal.
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