Strategy Buys 196 BTC Despite Plunging Crypto and Stock Prices — What’s the Point?

Jakarta, Pintu News – Strategy, the company formerly known as MicroStrategy, has caught the attention of the crypto world once again after announcing its regular weekly Bitcoin (BTC) purchases. Although BTC prices are under pressure and the company’s stock (MSTR) has dropped significantly, co-founder Michael Saylor emphasized that they will continue to carry out the strategy of “Always Be Stacking.”

In its latest announcement, Strategy managed to increase their Bitcoin holdings by a large amount, showing high confidence in the future of this cryptocurrency.

Strategy Buys 196 Bitcoins Worth IDR 368 Billion

In an official press release, Strategy announced that it had purchased 196 BTC with a total value of approximately $22.1 million (IDR 368 billion). The average price per Bitcoin obtained by the company reached $113,048 (Rp1.88 billion).

With this purchase, Strategy now holds a total of 640,031 BTC, which they accumulated at a total cost of $47.35 billion (IDR 790 trillion) at an average price of $73,983 (IDR 1.23 billion) per unit.

The move is interesting because the purchase comes amidst a weakening market. Bitcoin’s price fell to around $108,000 ($1.8 billion) last week, before rebounding to above $112,000 ($1.86 billion). Strategy’s decision to continue adding to their holdings shows their long-term strategy, despite the short-term volatility in the cryptocurrency market.

Read also: ‘Uptober’ is Momentum, 16+ Crypto ETF Filings are Ready for the Green Light!

Michael Saylor Stands by his “Always Be Stacking” Strategy

Michael Saylor, co-founder of Strategy, reiterated his commitment through a post on the X platform with the slogan “Always Be Stacking.” This marks the ninth consecutive purchase the company has made on a weekly basis. Interestingly, these consecutive purchases were made despite the growing crypto market pressure and the company’s stock corrected.

For Saylor, Bitcoin is not just a speculative asset, but a long-term store of value. By ignoring negative short-term sentiment, he hopes that his strategy of continuous accumulation will provide huge profits when the cryptocurrency market turns bullish again. This approach is considered a reflection of his extreme faith in BTC’s future.

Also read: Ahead of ETF Decision, Eric Balchunas Leaks ‘Cointober’ Scenario!

Impact on Strategy Shares (MSTR)

On the other hand, Strategy (MSTR) shares have to bear the consequences of the company’s aggressive strategy. So far this year, MSTR has only recorded a year-to-date (YTD) gain of 3%. In fact, at the beginning of the year the stock had touched $455 (IDR 7.5 million), but has now fallen to the range of $314 (IDR 5.2 million).

However, Strategy shares rebounded along with Bitcoin movements last week. Data from TradingView shows that MSTR closed at $309 (IDR5.15 million) before rising about 2% today as Bitcoin prices rose above $112,000 (IDR1.86 billion). Investors are now waiting to see if the aggressive strategy of buying BTC can reverse the stock’s trend in the long run.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• CoinGape. Breaking: Strategy Buys 196 Bitcoin as Michael Saylor Says ‘Always Be Stacking’. Accessed September 30, 2025.