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Michael Saylor’s Strategy adds $99.7M in Bitcoin after Fed rate cut
Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, expanded its BTC position last week following the Federal Reserve’s interest rate cut. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased 850 BTC for $99.7 million during the week ending Sunday.
Purchase details and market context
The buy was executed at an average price of $117,344 per coin, as Bitcoin briefly climbed above $117,000 after the Fed trimmed rates by 25 basis points. CoinGecko data shows the short-lived surge coincided with the Fed’s decision, reflecting how macro policy moves can trigger intraday volatility in crypto markets.
Strategy’s latest move lifts its cumulative holdings to 639,835 BTC, an aggregate position acquired for roughly $47.3 billion at an average cost basis near $73,971 per BTC. The filing underscores Strategy’s continued accumulation strategy even as purchases have moderated in recent months.
Slower buying pace amid a quieter Bitcoin market
While Strategy remains an active buyer, the pace of acquisitions has slowed. In September the company bought 3,330 BTC, down from 7,714 BTC in August and sharply lower than July’s 31,466 BTC. The pattern points to a shift from aggressive accumulation earlier in the year to smaller, more measured purchases.
Analysts attribute this cooling to several factors: higher spot prices, a desire to maintain a balanced treasury, and reduced short-term volatility as institutional participation grows. The smaller weekly purchases suggest Strategy is continuing its long-term dollar-cost averaging approach while reacting to market conditions.
An excerpt from Strategy’s Form 8-K. Source: SEC
Strategy’s CEO, Michael Saylor, has frequently signaled his commitment to increasing the firm’s Bitcoin allocation even if it means buying at higher prices. In recent comments, Saylor reflected on how rising institutional adoption could dampen price swings, calling the expected period of lower volatility "boring" for traders used to large intraday moves.
"The conundrum is, well, if the mega institutions are going to enter, if the volatility decreases, it is going to be boring for a while, and because it’s boring for a while, people’s adrenaline rush is going to drop," he said in an interview last week. His remarks emphasize a potential structural change in Bitcoin’s market dynamics as more corporations and funds allocate to BTC.
Why this matters for Bitcoin and institutional adoption
Strategy’s steady accumulation is a bellwether for institutional interest in Bitcoin. Large corporate holders help validate BTC as a treasury asset and can influence market sentiment. However, as corporate and institutional adoption rises, markets may experience lower volatility, which affects trading volumes and short-term speculative activity.
For crypto investors, the Fed’s rate decision and subsequent institutional buying are two factors that can affect Bitcoin’s price direction. A lower policy rate can support risk assets broadly, while continued corporate accumulation signals confidence in BTC as an inflation hedge and store of value.
What to watch next
Market participants will track several indicators going forward: the pace of Strategy’s future purchases reported in SEC filings, on-chain flows to and from exchanges, and institutional inflows via products such as ETFs and custody services. Together these signals will offer insight into whether the current phase of subdued volatility persists or if macro shocks can reintroduce larger price swings.
Overall, Strategy’s $99.7 million buy highlights that major corporate players continue to accumulate Bitcoin, even as the market transitions toward broader institutional participation and potentially quieter price action.
Source: cointelegraph
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