Michael Saylor’s Strategy Adds 7,378 BTC Despite Price Slump
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Bitcoin may have slumped in September, but Michael Saylor’s Strategy kept buying. The company acquired 7,378 BTC worth $837.5 million at an average price of $113,520 per coin.
This marks Strategy’s 80th Bitcoin purchase and adds to its huge stash, though it’s slightly less than August’s 7,714 BTC buy and far below July’s 31,466 BTC purchase.
Saylor said the “boring” price action is attractive for institutions wanting to enter at lower volatility — a potential sign of bigger moves to come.
Michael Saylor’s Strategy just logged its 80th Bitcoin buy: 7,378 BTC ($837.5M) at ~$113.5K each. While smaller than July’s 31,466 BTC purchase, it shows steady accumulation.
Insight: Saylor calls the “boring” September price action a gift for institutions — low volatility could set the stage for the next big wave of capital inflows.