Michael Saylor’s Strategy Inc., the world’s largest public holder of Bitcoin (BTC), added more of the cryptocurrency as the BTC price dropped below $110,000 last week.
Strategy acquired 196 Bitcoin for $22.1 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.
The purchase was made at an average price of $113,048 per coin as BTC started the week above $112,000 and dropped below $110,000 on Thursday, according to CoinGecko.
Following the acquisition, Strategy held a total of 640,031 BTC, purchased for about $47.35 billion at an average price of $73,983 per coin.
Saylor expects Bitcoin to start rising toward the year-end
Strategy’s latest $22 million Bitcoin purchase is one of the smallest weekly BTC acquisitions made by the company to date, marking an ongoing buying slowdown with shrinking acquisitions in the past few months.
Last week, Strategy co-founder Saylor predicted that Bitcoin would start to rise toward the end of the year after facing a period of pressure from growing institutional adoption.
“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” he said.
Strategy shares fall to six-month low
In addition to pressure from Bitcoin’s price volatility, Strategy’s common stock, MSTR, has also been experiencing a decline.
On Wednesday, MSTR tumbled to $300.7, the lowest price level since mid-April, marking a six-month low for Strategy shares, according to TradingView data.
CryptoQuant analyst Maartunn, who observed that the stock hit $300 on Monday, said that the MSTR drop is a “painful move for the biggest corporate Bitcoin holder.”
While many have been concerned about the decline in Strategy’s shares amid the struggling Bitcoin price, some observers highlighted that the stock still maintained significant gains in the long term.
Related: Bitcoin ‘bull market is not over’ as it recovers above $112K
“Holding MSTR is not for the weak,” Strategy bull Julius wrote last week, referring to a 30% MSTR decline in the current cycle and a 56% dip in April 2025.
“Despite these drawdowns, MSTR is still up 2,300% in this bull market,” he added.
According to TradingView, by publishing time, MSTR had lost 2.9% of its value over the past six months but was still up 96% over the past year, with 2,000% gains over the past five years.
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