MicroStrategy Buys 387 BTC, Holdings Hit 640K BTC Worth $72B
MicroStrategy hedged inflation risks by steadily buying Bitcoin since 2020. On October 26, CEO Michael Saylor highlighted another “Orange Dot Day” chart on X, confirming the latest weekly purchase. Between October 13–20, MicroStrategy added 387 BTC at an average cost of $74,010 per coin. Its total holdings now stand at 640,418 BTC, valued at about $72 billion at current prices near $114,000. This represents a 53% gain since the initial acquisition program. October’s modest buys follow September’s larger accumulation of over 7,000 BTC. To date, the company has completed 83 purchase events. MicroStrategy’s disciplined Bitcoin strategy underscores rising institutional demand and offers a bullish signal for traders monitoring market stability.
Bullish
MicroStrategy’s regular Bitcoin purchases signal robust institutional demand and reduce available supply, offering near-term price support. Its disciplined, long-term accumulation reinforces confidence in Bitcoin as an inflation hedge and corporate treasury asset, which could sustain upward momentum. Traders may interpret these purchases as a bullish catalyst, both by limiting market sell pressure and underlining growing institutional adoption.