Michael Saylor’s Strategy Starts November With $45m Bitcoin Purchase

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.

The strategy acquired 397 Bitcoin (BTC) were worth $45.6 million last week at an average price of $114,771 per coin, according to a Monday filing with the United States Securities and Exchange Commission.

This brought its possible total to 641,205 BTC, purchased for $47.49 billion at an average price of $74,047 per coin, with a Bitcoin return of 26.1% year-to-date (YTD), according to a Monday X. place from Strategy.

The previous week, the company bought 390 BTC for $43.3 million, bringing his total for October to 778 BTCone of the smallest monthly purchases in recent years. In comparison, Strategy purchased 3,526 BTC in September78% more than October’s total.

Related: Saylor Strategy Targets S&P 500 Inclusion After Q3: 10X Research

Bitcoin recovery tied to institutional demand

Analysts warn that the slower pace could weigh Bitcoin price recovery. Bitcoin strategy and exchange-traded funds (ETFs) were the main drivers of demand throughout 2025, according to the analytical platform CryptoQuant.

The analytical platform predicted that the price of Bitcoin will not be able to recover to its previous highs until these entities restart large-scale accumulations.

“Demand is now driven mainly by ETFs and MicroStrategy, both of which have recently bought slow. If these two channels recover, market momentum will likely return,” said Ki Young Ju, the founder and CEO of the crypto analytical platform CryptoQuant, in a Sunday X. place.

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