Michael Saylor’s Strategy added another 397 Bitcoin worth about $45.6 million, but the company’s buying pace continues to slow compared to its pre-October accumulation streak.
Strategy acquired 397 Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) worth $45.6 million last week at an average price of $114,771 per coin, according to a Monday <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001050446/000119312525261714/mstr-20250902.htm" rel="noopener noreferrer nofollow" target="_blank">filing</a> with the US Securities and Exchange Commission.
This brought its total holdings to 641,205 BTC, acquired for $47.49 billion at an average price of $74,047 per coin, with a Bitcoin yield of 26.1% year-to-date (YTD), according to a Monday X <a href="https://x.com/Strategy/status/1985331547432464542" rel="noopener noreferrer nofollow" target="_blank">post</a> from Strategy.
The previous week, the company purchased 390 BTC for $43.3 million, <a href="https://cointelegraph.com/news/strategy-buys-778-bitcoin-october-buying-activity-slowdown" rel="noopener noreferrer nofollow" target="_self">bringing its total for October to 778 BTC</a>, one of the smallest monthly acquisitions in recent years. By comparison, Strategy <a href="https://cointelegraph.com/news/strategy-inches-700k-bitcoin-18-8-million-buy" rel="noopener noreferrer nofollow" target="_self">acquired 3,526 BTC in September</a>, 78% more than October’s total.
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a49e7-920c-7f94-963a-331b57f126e9" title="" alt="Michael Saylor’s Strategy kickstarts November with $45M Bitcoin buy">
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 Strategy 8k form filing. Source: SEC.gov
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Related: <a href="https://cointelegraph.com/news/michael-saylor-strategy-70-odds-s-p-500-q3-earnings" rel="noopener noreferrer nofollow">Saylor’s Strategy tipped for S&amp;P 500 inclusion after Q3 earnings: 10X Research</a>
<h2 id="bitcoin-recovery-tied-to-institutional-demand">Bitcoin recovery tied to institutional demand</h2>
Analysts warn that the slower pace could weigh on <a href="https://cointelegraph.com/news/bitcoin-money-vessel-8b-recovery-lacks-etf" rel="noopener noreferrer nofollow" target="_self">Bitcoin’s price recovery</a>. Strategy and US spot Bitcoin exchange-traded funds (ETFs) have been the primary drivers of demand throughout 2025, according to analytics platform CryptoQuant.
The analytics platform predicted that Bitcoin’s price will be unable to recover to its previous highs until these entities restart large-scale accumulations.
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a49e7-9519-7421-81ef-8a6b0ef77674" title="" alt="Michael Saylor’s Strategy kickstarts November with $45M Bitcoin buy">
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 Source: <a href="https://x.com/ki_young_ju/status/1984972519779299525" rel="noopener noreferrer nofollow" target="https://x.com/ki_young_ju/status/1984972519779299525">CryptoQuant</a>
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“Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns,” said Ki Young Ju, the founder and CEO of crypto analytics platform CryptoQuant, in a Sunday X <a href="https://x.com/ki_young_ju/status/1984972585625583862" rel="noopener noreferrer nofollow" target="_blank">post</a>.<iframe width="100%" height="315" src="https://www.youtube.com/embed/kwdsrgNHrUo?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-big-move-ether-price-surge-dogecoin-xrp-solana-trade-secrets/" rel="noopener noreferrer nofollow">Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure build</a>

Michael Saylor’s Strategy kickstarts November with $45M Bitcoin buy

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