Bitcoin News Today: Michael Saylor’s Strategy Nears 700K BTC With $18.8M Purchase, Holds 640,418 Bitcoin

Key TakeawaysStrategy bought 168 BTC for $18.8 million at an average price of $112,051.The firm now holds 640,418 BTC, worth roughly $71 billion at current prices.Strategy has 59,582 BTC left to reach the 700,000 BTC milestone.MSTR stock fell 21% this month but remains up 50% year-over-year.Michael Saylor’s Strategy has added to its Bitcoin (BTC) reserves again, taking another small step toward holding 700,000 BTC on its balance sheet.According to a disclosure posted on X Monday, the firm purchased 168 BTC for $18.8 million last week at an average price of $112,051 per coin. The buy came during a period of renewed market volatility following the October 10 “Black Friday” crypto crash, which saw Bitcoin briefly dip below $104,000 before rebounding.This latest purchase brings Strategy’s total holdings to 640,418 BTC, acquired for approximately $47.4 billion at an average price of $74,010 per BTC, making it the largest public Bitcoin holder globally.Path to 700,000 BTCStrategy’s recent purchases mark a slower accumulation phase, contrasting sharply with its earlier buying spree in April and May 2025, when it added roughly 25,000 BTC per month.Over the past two months, the company averaged around 5,620 BTC per month in purchases — 7,714 BTC in August and 3,526 BTC in September. At this pace, Strategy could reach its 700,000 BTC goal within 11 months, assuming continued accumulation.The firm’s prior buy, totaling 220 BTC for $27.2 million, came just before Bitcoin hit a new all-time high above $126,000 before retreating to $110,000 during the October market shock.MSTR Stock Declines but Long-Term Gains HoldWhile Strategy continues its accumulation strategy, its Common A stock (MSTR) has pulled back. The stock dropped below $284 last Thursday, extending a 21% decline since October 5, according to TradingView data.Despite the correction, MSTR remains up 50% year-over-year and has gained an astonishing 1,650% over the past five years. The lowest price this year was $238 (April 7), while the highest was $455 (July).Institutional Bitcoin Treasuries ExpandStrategy’s playbook continues to inspire other companies. Metaplanet, a Tokyo-based hotel operator that adopted a Bitcoin treasury strategy in July 2024, currently holds 30,823 BTC ($34.1 billion).However, its market-to-Bitcoin NAV ratio fell below 1.0 last week — dropping to 0.9 — as the firm’s enterprise value slipped beneath its BTC holdings. The company hasn’t announced any new Bitcoin purchases since September 30.