Last Week, the Strategy Likely Slowed or Paused Its Bitcoin Accumulation

Strategy (MSTR), the largest publicly traded company with direct bitcoin BTC$91,349.64 exposure, appears to have halted its BTC purchases last week.

Michael Saylor, the company’s executive chairman, usually posts on X each Sunday to hint at new buys and follows up with the official announcement early Monday morning. This week, no such updates were made — marking the end of a six-week streak of consistent weekly accumulation that began on Oct. 6.

Strategy’s holdings remain unchanged at 649,870 BTC, acquired at an average cost of $74,433 per coin, according to the firm’s public dashboard.

The pause comes as MSTR shares trade nearly 70% below their all-time high. Its multiple to net asset value (mNAV) has also fallen to just above 1, the lowest point this cycle. At the same time, the company is facing speculation about whether it might be removed from major stock indexes — a possibility that prompted a strong public response from Saylor last week.

Despite these pressures, MSTR stock gained 1.5% early Monday, helped by bitcoin’s rebound over the weekend to around $86,200.