MicroStrategy, MARA Increase Bitcoin Accumulation 620 BTC
MicroStrategy resumed its disciplined Bitcoin accumulation strategy, adding 220 BTC at an average price of $123,561 between October 6 and 12, funding the $27.2 million purchase through at-the-market offerings of STRF, STRK and STRD. Meanwhile, MARA Holdings acquired 400 BTC at $115,800 each, spending about $46.3 million and raising its total holdings to 53,250 BTC. These institutional buying moves increased Bitcoin accumulation by 620 BTC, highlighting sustained market interest amid volatility when the Fear & Greed Index dipped to 24 before rebounding to 38. The latest BTC purchases reinforce market stability and bullish sentiment, as investors view Bitcoin accumulation as a hedge against low-yield assets.
Bullish
The combined institutional Bitcoin accumulation by MicroStrategy and MARA is bullish for BTC prices. In the short term, the sizable purchases of 220 BTC and 400 BTC signal strong demand, potentially tightening supply and supporting price stability during volatile conditions. Over the long term, continued at-the-market offerings to fund Bitcoin accumulation reflect a structural shift in corporate treasury strategies toward digital assets, reinforcing market confidence and likely contributing to sustained upward momentum for BTC.