crypto for all
Join
A
A

Despite the Bitcoin decline, Strategy continues its massive purchases

9h05 ▪ 4 min read ▪ by Fenelon L.
Getting informed Bitcoin (BTC)
Summarize this article with:

Strategy has just reached a new milestone in its bitcoin accumulation strategy. Michael Saylor’s company acquired 8,178 BTC for 835 million dollars, marking a spectacular acceleration of its investments. This operation occurs in a context of high volatility, where the bitcoin price lost 11% in seven days.

A determined man accumulates Bitcoin during a market crash, surrounded by flames, fear, and chart volatility.

In brief

  • Strategy bought 8,178 BTC for 835 million dollars, a massive investment compared to the 400 to 500 BTC weekly in previous weeks.
  • This acquisition brings the company’s treasury to 649,870 BTC, consolidating its position as the world leader in institutional Bitcoin holdings.
  • The operation comes as BTC trades around 90,000 dollars, after losing 11% in one week, and MSTR stock dropped 16% over five days.
  • Michael Saylor brushes off criticism and reaffirms his conviction in Bitcoin, despite attacks from detractors like Peter Schiff.

Strategy intensifies its Bitcoin purchases with a purchase of 8,178 BTC

Strategy filed a document with the US SEC on Monday confirming the acquisition of 8,178 bitcoins. This transaction represents a turning point in the company’s accumulation strategy. 

Since October and early November, Michael Saylor had been making more measured purchases, between 400 and 500 BTC per week. Monday’s purchase multiplies this pace by twenty.

This acceleration raises questions. The timing is bold: bitcoin is going through a brutal correction phase. In seven days, the crypto queen lost about 11% of its value, dropping below the 92,000 dollar mark. Yet, Saylor does not hesitate. For him, these drops are buying opportunities, not warning signs.

MSTR stock has not escaped the contagion. In five days, it fell more than 16%, reaching 197.03 dollars. Markets seem nervous. Some observers question the sustainability of Strategy’s business model. 

The previous week, sales rumors even circulated on social media, before being firmly denied by Saylor himself.

Strategy now holds 649,870 BTC, far ahead of its competitors. For comparison, BitMine Immersion Technologies focuses its efforts on Ether, while Forward Industries bets on Solana. But none approach Strategy’s concentration on bitcoin.

Between unwavering conviction and heated debates

Michael Saylor has never hidden his faith in Bitcoin. In recent interviews on CNBC and social networks, he reaffirmed that Strategy continued accumulating despite volatility. 

Strong fluctuations are typical for a risky asset,” he said. His argument? Bitcoin consistently outperforms over multi-year cycles.

This stance attracts as many admirers as critics. Peter Schiff, gold investor and notorious Bitcoin adversary, launched a public challenge to Saylor this weekend. The man wants to debate at the Binance Blockchain Week in Dubai in December. Schiff calls Strategy’s business model “pure and simple scam.” As of now, Saylor has not publicly responded to this provocation.

The figures testify to the solidity of Saylor’s model. Despite current volatility, the founder of Strategy shows disconcerting serenity. According to him, even an 80% collapse in price would not pressure the company to sell its reserves. 

This confidence is supported by a thoughtful financial structure: preferred shares used to finance these purchases avoid dilution of historical shareholders, thus preserving the integrity of capital.

The institutional dynamic is evolving rapidly. Banks like JP Morgan and Wells Fargo are now exploring Bitcoin-backed lending. Strategy has even received a B- rating from S&P, a historic first for a BTC-focused company. These signals reinforce Saylor’s thesis: Bitcoin is becoming a mainstream asset.

Strategy confirms its status as a pioneer in the institutional adoption of bitcoin. The purchase of 8,178 BTC, amid market correction, illustrates a conviction that defies short cycles. The coming weeks will reveal if this boldness pays off or if critics were right. One thing is certain: Michael Saylor does not give up.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.



Join the program
A
A
Fenelon L. avatar
Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.