Michael Saylor's Strategy kickstarts November with $45M Bitcoin buy

Strategy's Bitcoin acquisition rate has been significantly down since September, threatening to limit Bitcoin's price recovery.

Michael Saylor's Strategy just dropped another $45.6M on 397 Bitcoin last week at an average price of $114,771 per coin, according to a Monday SEC filing. This brings their total stack to 641,205 BTC acquired for $47.49 billion at an average price of $74,047 per coin - with a 26.1% YTD Bitcoin yield according to their own X post.

But here's the tea: last week they only bought 390 BTC for $43.3M, bringing October's total to just 778 BTC - one of their smallest monthly acquisitions in recent years. For comparison, they scooped up 3,526 BTC in September, which is 78% more than October's pathetic haul.

Analysts are warning that this slowdown could seriously weigh on Bitcoin's price recovery. Strategy and US spot Bitcoin ETFs have been the main drivers of demand throughout 2025, according to CryptoQuant.

The analytics platform straight up predicted that Bitcoin's price won't recover to previous highs until these big players restart their massive accumulation sprees.

Ki Young Ju, founder and CEO of CryptoQuant, dropped the truth bomb on X: "Demand is now driven mostly by ETFs and MicroStrategy, both slowing buys recently. If these two channels recover, market momentum likely returns."