Bitcoin experienced a slight increase on Sunday as indications of easing US-China trade tensions buoyed risk assets. Meanwhile, the founder of Strategy hinted that the firm continued to bolster its Bitcoin holdings.
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Strategy Continues Its Acquisitions
On October 26, Michael Saylor shared a chart marking recent purchases with orange dots, a visual shorthand for his new acquisitions.
Reports indicate that Strategy acquired 387 BTC between October 13 and October 20, raising its total to 640,418 BTC. This figure alone is notable, demonstrating a consistent, measured strategy in purchasing even amid price volatility.
The disclosed average cost for Strategy’s Bitcoin is set at $74,010. Recent purchases have been modest compared to September, when over 7,000 BTC were acquired through multiple large transactions. The specifics of this week’s new purchases have not been publicly announced.
Concurrently, Bitcoin’s market dynamics were affected by wider news. The price of Bitcoin rose approximately 1.6% on Sunday, while Ethereum saw an increase of about 2.8%. Recent price fluctuations seem to be driven more by news headlines than by the actions of any single firm.
It’s Orange Dot Day. pic.twitter.com/5FSGmxwoNS
— Michael Saylor (@saylor) October 26, 2025
Holdings, Valuation, and Historical Performance
According to reports, with Bitcoin priced just over $115,000, Strategy’s holdings are valued at approximately $72 billion. This valuation indicates a paper gain exceeding $25 billion against a total cost basis of around $47.4 billion since its acquisition program started in 2020.
Since then, 83 distinct purchase events have been documented, establishing a clear strategy: frequent buying followed by public reporting.
While some purchases occurred in bulk during September, recent acquisitions appear smaller and more consistent. This change hints at a preference for gradual accumulation over large, singular investments.
Purchasing Trends and Market Reactions
Shares of Strategy have been trading above the company’s net asset value, indicating that investors are willing to hold MSTR as a means of gaining Bitcoin exposure without directly purchasing the token. The firm’s approach—announcing purchases retrospectively—has been consistent and reliable.
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Geopolitical News Fuels Market Volatility
In the meantime, US and Chinese officials indicated progress in trade negotiations, which reassured some investors. Scott Bessent mentioned in a CBS News interview that he anticipated the threat of 100% tariffs and immediate export controls would diminish.
Earlier in October, China implemented stricter regulations on rare earth exports used in chip manufacturing. On October 11, US President Donald Trump announced plans to impose an additional 100% tariff on Chinese goods and intended export controls on specific software starting November 1.
This climate of sharp rhetoric resulted in significant losses in markets and triggered one of the most considerable liquidation events in crypto this year.
Featured image from Gemini, chart from TradingView
