Summary
- Strategy's October Bitcoin purchase volume was 778 BTC, the lowest so far this year.
- They said this is due to factors such as a sharp drop in the stock issuance premium, making large-scale purchases difficult.
- However, despite the decrease in purchase size, Strategy is still maintaining a buying stance.
Michael Saylor-led Bitcoin-holding listed company Strategy purchased 778 BTC during October, marking its slowest buying pace so far this year. This was a 78% decrease compared with September purchases (3,526 BTC).
On the 27th (local time), Cointelegraph reported that Strategy last week bought 390 Bitcoin at an average price of $111,117, investing a total of $43.3 million. With this purchase, Strategy's total holdings rose to 640,808 BTC, cumulative purchases amount to approximately $47.4 billion, and the average price is $74,032.
However, on a monthly basis, this was the lowest purchase volume in 2025 so far. Compared with large-scale purchases in May (26,695 BTC) and July (31,466 BTC) this year, the pace of investment has significantly slowed.
JA Maartun, a CryptoQuant analyst, said, "The slowdown in Strategy's purchase pace is related to deteriorating capital raising conditions," and analyzed that "the equity issuance premium plunged from 208% to 4%, making large-scale purchases difficult." He added, "The scale has decreased, but the buying stance is still being maintained."
So far this year, Strategy has invested a total of $19.5 billion in Bitcoin purchases, already marking the largest-ever investment even with two months remaining. Last year's total investment was $21.7 billion.
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