Strategy buys 220 Bitcoins for $27.2 million!

Despite the recent fall in the crypto market, Strategy continues its purchases. The American company acquired 220 BTC for $27.2 million, at an average price of $123,561 per unit. With more than 640,000 bitcoins in reserve, it confirms a strategy of continuous accumulation, unique among institutional investors.

Strategy further strengthens its position

This October 13, a new bitcoin purchase operation was carried out by Strategy, despite the chaos sown in the market by Trump's tariffs. Indeed, the company acquired 220 BTC for approximately $27.2 million, or an average price of $123,561 per unit.

This new purchase is a continuation of an accumulation strategy that the company has been pursuing since 2020. According to the data shared, Strategy now holds 640,250 BTC, for a total acquisition cost of $47.38 billion, which corresponds to an average purchase price of $74,000 per BTC.

Here is essential data of this operation:

• The date of the announcement: October 13;
• The amount of the purchase: approximately $27.2 million;
• The number of BTC acquired: 220 units;
• The unit price: $123,561;
• The total position held by Strategy: 640,250 BTC;
• Cumulative investment: $47.38 billion;
• The overall average price: $74,000/BTC.

Strategy persists in a logic of progressive reinforcement, by applying a type strategy “dollar-cost averaging” (periodic purchase in fixed amounts), without regard for short-term fluctuations. This choice, which might have seemed risky in previous cycles, has so far paid off.

A policy of uninterrupted accumulation

This new purchase, although aligned with the company's stated strategy, accentuates Strategy's growing dependence on the evolution of the bitcoin price. Holding 640,250 BTC, or about 3% of the total peak supply of bitcoin, puts the company in a unique, but also potentially vulnerable, position.

The concentration of such a volume of bitcoins in the hands of a single actor raises concerns about the risks posed in the event of a sudden reversal. In the event of a market collapse, psychological and stock market leverage could have repercussions far beyond Strategy's balance sheet itself.

What distinguishes this acquisition from previous ones is the price level at which it occurred. At over $123,000/BTC. Strategy is now paying well above its own average acquisition price.

The company seems to view BTC no longer just as a store of value, but as an essential strategic asset, regardless of market fluctuations. The growing gap between the historical average cost of its holdings and current purchasing levels reinforces this impression. This dynamic could redefine psychological market thresholds, particularly if other institutional players follow this approach.

In addition, the central role of Michael Saylor, architect of this strategy since 2020, means that the guideline is largely embodied by a personal vision of bitcoin. In the event of a change in leadership or increased regulatory pressure on crypto-exposed companies, Strategy's trajectory could quickly become more complex to maintain.

With more than 640,000 bitcoins under management, Strategy has established itself as a central player in the accumulation of bitcoin. This new acquisition strengthens an already colossal position, but it also reveals the risks of a concentrated model dependent on a single asset. If the strategy has so far borne fruit, it is based on a bold bet on the sustainability of bitcoin as a global store of value, and whose golden age is looming thanks to the gold rush.