Strategy's Bitcoin buying pace has slowed sharply since September, raising concerns about Bitcoin's price recovery.
Michael Saylor's strategy just added 397 Bitcoin worth about $45.6 million , but the firm's buying pace continues to slow compared to the strong accumulation chain before October.
According to a filing with the US Securities and Exchange Commission (SEC) on Monday, Strategy bought 397 BTC worth $45.6 million last week, at an Medium purchase price of $114,771 per BTC .
With this purchase, Strategy’s total Bitcoin holdings increased to 641,205 BTC , purchased at a total value of $47.49 billion , equivalent to an Medium price of $74,047 per BTC — resulting in a 26.1% return year-to-date (YTD) , according to Strategy’s X post on Monday.
The week before, the firm purchased 390 BTC for $43.3 million , bringing BTC October total to 778 BTC , one of the lowest monthly numbers in recent years. For comparison, Strategy purchased 3,526 BTC in September — 78% more than October’s total.
Bitcoin's recovery depends on institutional demand
Analysts warn that the slowing pace of buying could put pressure on Bitcoin's price recovery. Strategies and US-based spot Bitcoin ETFs are the main source of market demand through 2025 , according to analytics platform CryptoQuant.
CryptoQuant predicts that Bitcoin price will have a hard time returning to its previous peak unless these institutions accelerate their accumulation again .
“The current demand is mainly from ETFs and MicroStrategy, but both have slowed down their buying recently. If these two channels recover, the market's upward momentum will likely return,”
— Ki Young Ju, founder and CEO of CryptoQuant, posted on X on Sunday.
