The move lifts its total holdings to 815,061 BTC, extending its lead as the largest corporate Bitcoin holder.

Executive Chairman Michael Saylor signaled the buy a day earlier with his usual chart post on X. Markets read it as another accumulation signal—and they were right.

MicroStrategy is Buying Near Breakout Levels

The timing stands out. Bitcoin has been trading close to Strategy’s average cost basis of roughly $75,500, placing the firm near breakeven.

Strategy has a pattern of stepping in around key levels rather than waiting for deep pullbacks. This latest purchase is also a step up in size. The company bought roughly $1 billion worth of BTC the week prior and $330 million the week before that.

The acceleration suggests growing conviction at current price levels.

Recent analysis from Coinbase shows that large, consistent buyers like Strategy reduce the liquid supply of Bitcoin. Coins move off the market and into long-term holdings, tightening available float.

That effect becomes more important when Bitcoin is already near a technical breakout level. At those points, even incremental buying can help push price higher, triggering momentum traders and systematic funds.

Strategy’s latest purchase absorbed more than 34,000 BTC in a single week. For context, miners produce roughly 450 BTC per day, meaning the company bought the equivalent of over two months of new supply in one move.

Bitcoin Supply Squeeze, With Limits

Still, the impact is not guaranteed.

Coinbase notes that the price effect of large buyers can be muted if the market already expects the purchases, or if flows from ETFs, derivatives, or macro conditions outweigh them.

In other words, Strategy’s buying tightens supply in the background. It matters most when market conditions are already leaning bullish.

Strategy continues to fund its purchases through its capital programs, including its STRC preferred stock. The company still has significant capacity to raise funds, giving it room to keep accumulating.

With over 815,000 BTC now on its balance sheet, Strategy is steadily moving toward its long-term goal of 1 million BTC.
source: https://www.tradingview.com/news/beincrypto:a1a53b305094b:0-microstrategy-makes-biggest-bitcoin-buy-since-2024-will-it-move-btc-price/