Michael Saylor restarts the Strategy machine with 397 new BTC

Michael Saylor restarts the Strategy machine with 397 new BTC. However, the crypto market wonders: why a 78% drop in the pace of bitcoin purchases in one month? A weak signal or a tactical pause?

Strategy slows down: additional bitcoin purchases do not reassure the market

At the beginning of November, Michael Saylor confirmed the purchase of 397 BTC by Strategy. This represents about 45.6 million dollars according to the current bitcoin price. These new purchases bring the company’s total holdings to 641,205 BTC, for a cumulative acquisition value of 47.49 billion dollars. The average price is therefore 74,047 $ per unit.

The performance remains on track: Strategy’s bitcoin portfolio yield reaches +26.1% since January. Yet, analysts do not focus on this figure. What stands out is the free fall dynamic of acquisitions. The fact is that Strategy bought only 778 BTC in October, compared to 3,526 in September. A 78% decline that catches attention.

This trend marks a break. Since 2020, Strategy embodied the main catalyst for institutional positioning on bitcoin. Its massive commitment served as a confidence barometer. Today, this barometer swings downward.

According to some crypto analysts, the lack of Strategy purchases combined with low activity of US spot ETFs compromises bitcoin’s recovery.

An advanced indicator of institutional crypto sentiment?

We all know that the crypto community watches every move by Michael Saylor as a trend indicator. Between dark humor and genuine concerns, comments reveal a reality: the current slowdown destabilizes.

Some recall that Strategy was buying more than 20,000 BTC per month at the start of the year. By comparison, October’s 778 BTC translate to an almost zero growth rate: +0.12%. This stagnation contrasts with the company’s ultra-aggressive stance in the first half of the year.

Among other bitcoin enthusiasts, several hypotheses emerge.

• On one side, a consolidation strategy after an intense accumulation phase.
• On the other, a more defensive positioning facing a market struggling to regain height.

Analyzing these signals remains complex. Also, nothing in public statements allows a definitive conclusion for now.

But one thing remains certain: Strategy’s wait-and-see approach impacts the Bitcoin ecosystem far beyond its purchases alone. As long as Strategy does not give the signal to return to the offensive, players will wait and so will the BTC price.