Michael Saylor’s renowned Bitcoin (BTC) acquisition strategy experienced a significant slowdown in October, marking the slowest month of BTC purchases this year. According to Cointelegraph, the firm acquired only 778 BTC, a stark 78% decrease from the 3,526 BTC purchased in September.
The acquisition of 390 BTC for $43.3 million last week was part of Strategy’s total October purchase, which was substantially lower compared to previous months. In stark contrast, the company had acquired 31,466 BTC in July and 26,695 BTC in May, illustrating the current slowdown in their buying activity.
Despite the slowdown, Strategy’s total Bitcoin holdings have reached 640,808 BTC, purchased at an average price of $74,032 per coin. The latest acquisition was made at an average price of $111,117 per BTC, with Bitcoin prices briefly surpassing $113,000, as reported by CoinGecko.
CryptoQuant analyst JA Maartun attributed the slowdown to difficulties in capital raising, noting that equity issuance premiums have dramatically dropped from 208% to just 4%. Despite these challenges, Maartun emphasized that the company’s commitment to Bitcoin remains strong, even as financial pressures increase.
2025 has still been a significant year for Strategy, with $19.53 billion spent on Bitcoin acquisitions thus far. The company has two months remaining to potentially exceed last year’s record of $21.76 billion in Bitcoin purchases.
In parallel, Strategy’s Common A stock, MSTR, experienced a decline, falling below $280 last week, following a peak of approximately $456 in July, as per TradingView data. This decline coincides with the reduced Bitcoin buying activity.
Michael Saylor’s approach to Bitcoin investment continues to be a focal point in the cryptocurrency market, with the firm’s strategic decisions closely watched by investors and analysts alike.
