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Strategy Adds to Bitcoin Stack During Sudden Weekend Slide

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Strategy Adds to Bitcoin Stack During Sudden Weekend Slide

As usual, Strategy does not leave a single opportunity and this time too it did not wait for calm markets. As the prices whipsawed over the weekend, the software firm led by Michael Saylor quietly added another block of coins, stepping in just as the market briefly cracked below a level it hasn’t seen in months.

A regulatory filing submitted Monday to the U.S. Securities and Exchange Commission shows the company picked up 855 coins for roughly $75.3 million. The purchases were made at an average price just under $88,000 per coin, a figure that looked unremarkable early in the week and suddenly expensive by Sunday night.

Now, looking at markets that had started with the price above $87,000 over the period and even flirted with $90,000 before the sell-off accelerated. By the weekend, spot prices slid sharply, briefly dipping below $75,000, according to the market data tracked by CoinGecko platform. For a short stretch, that drop pushed the asset under Strategy’s own average purchase price, something that hadn’t happened since late 2023.

With the latest buy, Strategy’s holdings climbed to 713,502 coins. The firm has spent about $54.26 billion building that position, translating to an average cost of roughly $76,000 per coin across its entire treasury. The math matters here. The brief dip below cost basis reopened memories of earlier cycles when the patience of crypto traders was tested.

The company has lived through that before. In mid-2022, as prices sank below $30,000, Strategy slowed its pace after finding itself underwater relative to its average entry. Buying resumed selectively through 2023, and those below-cost purchases eventually made up a sizable share of its total stash once prices recovered.

Despite the latest volatility, speculative markets are still leaning toward continued accumulation. On Polymarket, traders are assigning strong odds that Strategy’s holdings will exceed 800,000 coins by the end of 2026, even as bets also reflect rising concern about deeper drawdowns this year.

Hitting that higher mark would require tens of thousands of additional purchases over the next two years. For now, the message from the filing is simpler. Strategy is still buying, even when the tape turns ugly, and it’s doing so at a scale few others are willing to match.

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