Michael Saylor’s approach, Bitcoin’s largest corporate holder holder, added more BTC to its balance last week as the US Federal Reserve interest rates for the first time this year.
Strategy obtained 850 bitcoin (Btc) for $ 99.7 million during the week ending week, According to at a US Securities and Exchange Commission filing on Monday.
The purchase was made at an average price of $ 117,344 per coin while BTC temporarily advanced to multi-week highs of over $ 117,000 on Thursday following the The 25 basic point of Fed’s interest rate, According to in coingecko data.
The acquisition brought the total Bitcoin handling of the approach to 639,835 BTC, which bought about $ 47.3 billion at an average price of $ 73,971 per coin.
Continued Purchase of slowing while Bitcoin is “boring”
The latest Bitcoin purchase of the approach has continued the trend of moderate acquisition, featuring a slowdown compared to the large purchase found earlier this year.
So far in September, the strategy gained 3,330 bitcoin, a sharp decline from 7,714 BTC sold in August – right down to 75% from July 31,466 BTC.
Saylor, known for his promise to Buy more bitcoin at higher priceshas made some comments on the limited volatility of Bitcoin that has been observed in recent months amid the growing institutional adoption.
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“The conundrum is, well, if mega institutions come in, if volatility decreases, it will be boring for a while, and because it has been boring for a while, the fall of adrenaline people are declining,” he said in an interview last week.
Larger purchase of smaller holding
While Strategy’s Bitcoin purchases have slowed down the past two months, other companies, such as Japan’s metaplanet, are aggressively adding to their BTC handles.
Metaplanet a 5,419 BTC purchase announced On Monday, its Bitcoin holders were taken to 25,555 coins and became fifth largest corporate Bitcoin Treasury.
The latest Bitcoin purchase of the approach comes in the middle of Saylor preparation Attend a roundtable US government host To advance the US Bitcoin Reserve Bill known as the Bitcoin Act on Tuesday.
Originally introduced by US Senator Cynthia Lummis In July 2024, the Bitcoin Act proposed the US government Buy 200,000 Bitcoin per year for five years For a total taking of 1 million bitcoin.
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