Strategy acquired 397 BTC recently, amid declines and high volatility.
In total, Strategy accumulates 641,205 BTC.
The price of bitcoin (BTC) is experiencing a decline that places it at $107,800, reflecting a decrease of 5.8% in the last seven days.
This downward movement comes after reaching an all-time high of 126,000 in October. In this context of volatility and corrections in the last week was used by the company Strategyled by Michael Saylor.
The company advertisement the purchase of 397 BTC for an approximate amount of 45 million dollars, between October 27 and November 2, at a price of $114,771 per BTC.
Saylor himself, known for his pro-bitcoin stance, hinted the transaction through an update on the company’s acquisition tracker, stating that: “Orange is the color of November.”
This action by the company not only underlines its accumulation strategy, but reflects the vision of acquiring the digital asset at lower prices or at a “discount” compared to its recent highs, taking advantage of market price corrections to optimize your entry cost.
Strategy is the publicly traded company with the largest holdings of bitcoin, reaching a total of 641,205 BTC in your treasury. Last week, the company made a series of movements of its BTC to new addresses, presumably as part of a change in custody scheme, as reported by CriptoNoticias.
In a broader context, The top 100 companies that have incorporated a bitcoin acquisition scheme collectively own 1,052,160 BTCevidencing the growing institutional adoption of the digital asset as a reserve of strategic value.
Strategy’s action of increasing its bitcoin inventory during a correction reinforces the narrative that volatility offers strategic entry points for investors with a long-term perspective on bitcoin.