In a stunning show of defiance, Strategy has executed its ninth consecutive weekly Strategy Bitcoin purchase, buying another 196 BTC for $22.1 million. This bold move comes as both Bitcoin and the company’s own stock (MSTR) face a significant downturn, proving that Michael Saylor’s “Always Be Stacking” mantra is a relentless strategy.
Details of the Latest Strategy Bitcoin Purchase
The company confirmed the latest acquisition, revealing it paid an average price of $113,048 per Bitcoin. This brings MicroStrategy’s gigantic treasury to a staggering 640,031 BTC, with a total investment of $47.35 billion.
To fund this latest Strategy Bitcoin purchase, the company sold shares of its MSTR, STRF, and STRD stock, raising a total of over $128 million. Interestingly, they only used a portion of this—$22 million—to buy Bitcoin, potentially reserving more capital for future buys.
Saylor’s Cryptic Signal Becomes Reality
As he often does, Michael Saylor telegraphed this move with a cryptic social media post. The day before the announcement, he simply stated, “Always ₿e Stacking.” This phrase has become a clear signal to the market that another Strategy Bitcoin purchase is imminent, reinforcing his unwavering commitment to accumulate BTC regardless of short-term price action.
Buying Through the Pain
This relentless accumulation comes at a challenging time. Strategy’s stock has been hammered, nearly erasing its year-to-date gains and now up only 3%. The stock recently fell below $300 as Bitcoin dipped toward $108,000.
However, both have shown resilience, with MSTR bouncing back to $314 as Bitcoin reclaimed $112,000. Saylor’s strategy of buying through the pain demonstrates a radical long-term conviction that continues to captivate and polarize the entire financial world.