The price of Bitcoin (BTC) is falling, at $107,800, reflecting a decline of 5.8% over the past seven days.
This downward trend comes after cases reached a record high of 126,000 in October. In the context of volatility and correction over the last week used in company strategyled by Michael Saylor.
The company announced Bought 397 BTC for approximately $45 million between October 27th and November 2nd. The price is $114,771 per BTC.
Saylor himself, who is known for his pro-Bitcoin stance, alluded to the deal through an update to the company’s acquisition tracker, stating that “orange is the color of November.”
This action by the company not only emphasizes its accumulation strategy, but also reflects its vision of acquiring digital assets at low prices or “discounts” compared to recent highs. Optimize entry costs using market price corrections.
Strategy is the largest publicly traded company with Bitcoin holdings totaling 641,205 BTC. As reported by CriptoNoticias, the company made a series of moves of BTC to new addresses last week, likely as part of a change in its storage scheme.
In a broader context, The top 100 companies that introduced the Bitcoin acquisition scheme own a total of 1,052,160 BTCtestifying to the increasing organizational adoption of digital assets as reserves of strategic value.
The strategy’s actions to increase Bitcoin inventory during the correction reinforce the narrative that volatility provides a strategic entry point for investors with a long-term view of Bitcoin.
