Bitcoin picks up, but strategy continues to accumulate

Bitcoin replayed his usual partition: sudden flight, then slide, as the Fed's key decision approaches. After flirting with the $ 117,000, it came down under 115,000. This movement no longer really surprises the crypto community, used to seeing the BTC testing the nerves of investors. For some, this volatility remains a danger. For Strategy, it's quite the opposite: an opportunity. The company, known for its daring bets, did not tremble. She drew again, filling her chests with new digital parts.

When the price of Bitcoin decreases, strategy doubles the

Between September 8 and 14, Strategy acquired 525 BTC for $ 60.2 million, at an average bitcoin price of $ 114,562 per room. Result: it now holds 638,985 BTC, or around 3 % of the total bitcoin offer.

With an average acquisition price set at $ 73,913, the portfolio is valued nearly 73.4 billion, at a cumulative cost of 47.2 billion.

The story seems to be repeated. Each correction becomes a pretext for accumulation. Michael Saylor, founder of Strategy, summed up this conviction : ” Bitcoin deserves credit ».

His words recall an idea that he has hammered for years: the BTC must be considered as a reserve of value, in the same way, if not beyond, that gold.

While many crypto investors scrutinize the slightest variations in the market, society is still positioned in the long term, insensitive to volatility waves.

Whales speculators, stabilizing institutions

Strategy's strategy contrasts with the movements of certain Whales. Recently, an old portfolio transferred 1,176 BTC, or $ 136 million, to Hyperliquid, taking up a series of sales started in August with 35,991 BTC liquidated in Ether.

This type of operation weighs heavily on the market. However, despite these volumes, Bitcoin held out, oscillating around $ 116,000.

This contrast is revealing: the Whales speculate, the institutions amortize. The former move from the BTC mountains according to their strategies. The latter build a lasting presence, inscribed in time.

In 2025, companies now hold more than a million BTC, or around 5 % of the total supply in circulation. The dynamics are clear: nearly 171 public companies now have BTCs in their balance sheets.

Thus, the crypto market stabilizes. Massive sales no longer lead to the dives of yesteryear, because institutions like strategy play the role of counterweight in the face of speculators.

Corporate Treasuries: a rampart for Bitcoin

Strategy remains the undisputed leader. With its 638,985 BTC, valued $ 73.4 billion, the company displays latent gains estimated at 26 billion. She surpasses her competitors from afar like Mara, Coinbase or Cleanspark, who also strengthen their Bitcoin balance sheets.

This weight is accompanied by a paradox: despite its record reserves, the MSTR action earned only 10.4 % in 2025, against 23 % for the BTC.

Some key figures to remember:

• 638 985 BTC: current Strategy reserves;
• 171 companies: public companies with Bitcoin;
• 73.4 billion dollars: value of the BTC portfolio of Strategy;
• 5 % of the global offer: now in the hands of Corporate Treasuries.

This dynamic illustrates a deep mutation. Bitcoin is no longer seen only as a speculative active, but as an instrument of cash. However, Wall Street remains skeptical: Strategy has been dismissed from the S&P 500. Between increasing adoption and institutional recognition, a gap remains.

While the BTC continues to play with the patience of investors, another voice brings its prediction. Glassnod analysts anticipate that the crypto market has not said its last word. According to them, a new summit is expected in the coming weeks. The rest of the story could therefore be played on a new record, carried both by institutional adoption and by the intact confidence of its supporters.