Strategy Adds $99.7M in Bitcoin as Fed Rate Cut Sparks Modest Buying

Michael Saylor’s Bitcoin-heavy firm Strategy has expanded its already massive crypto treasury with a fresh $99.7 million purchase, bringing total holdings to 639,835 $BTC—worth roughly $47.3 billion—according to a Monday filing with the U.S. Securities and Exchange Commission.

The company acquired 850 Bitcoin at an average price of $117,344 per coin during the week ending Sunday, just as the U.S. Federal Reserve delivered its first interest rate cut of the year. Bitcoin prices briefly spiked above $117,000 following the Fed’s 25-basis-point move, CoinGecko data shows.

Despite the headline purchase, Strategy’s accumulation pace has cooled. The firm has bought 3,330 $BTC so far in September, down sharply from 7,714 $BTC in August and well off July’s 31,466 $BTC spree. The slower cadence marks a shift from the large-scale acquisitions that defined the first half of 2025.

Saylor attributes the calmer market mood to growing institutional involvement. “If mega institutions enter and volatility decreases, it’s going to be boring for a while,” he said in a recent interview, noting that Bitcoin’s reduced price swings may dampen the adrenaline of retail traders.

Strategy’s latest move reinforces its position as the world’s largest corporate Bitcoin holder, with an average acquisition cost of $73,971 per coin, while signaling a more measured accumulation strategy as the market matures.