Strategy Adds 196 BTC, Total Hits 640,031 as Market Confidence Strengthens
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Michael Saylor, the founder of Strategy (formerly MicroStrategy), has once again shown his strong faith in Bitcoin. On Monday, September 29, he revealed that his company bought 196 more bitcoins for $22.1 million at an average price of $113,048 per coin. This latest purchase pushed Strategy’s total to a record 640,031 bitcoins, worth $47.35 billion at an average cost of $73,983 per coin.
Saylor’s famous line “Always Be Stacking” has now turned into the company’s golden rule. Whenever doubts appear in the market, Strategy responds in the same way: buy more Bitcoin. This consistent approach has made Saylor a symbol of long-term belief in the digital currency.
Market Confidence on the Rise
Every new purchase by Strategy sends a wave of confidence across the crypto market. Investors see it as proof that big institutions still trust Bitcoin as a store of value. For many retail traders, Saylor’s moves act as reassurance that Bitcoin has a strong future. These actions often calm the market and remind everyone that Bitcoin is seen as digital gold by some of the biggest players.
Pushing Bitcoin Toward Mainstream
By building the largest corporate Bitcoin treasury, Strategy has become a leading example of institutional adoption. Owning more than 640,000 coins is no small step. It shows the world that Bitcoin is not just a hobby for tech lovers but a serious financial asset. Such bold decisions encourage other companies and funds to explore Bitcoin, slowly pushing it deeper into the mainstream.
Concerns Over Large Control
At the same time, many observers raise concerns. Strategy now owns a very big share of the total Bitcoin supply. Some fear this gives the company too much influence over market activity and liquidity. Others argue that this goes against Bitcoin’s original vision of decentralization, where no single player should have too much control. This debate is growing louder as Strategy continues to expand its holdings.
Final Thoughts
Michael Saylor’s latest move once again highlights the double impact of corporate buying. On one side, it builds trust, inspires adoption, and helps Bitcoin gain wider acceptance. On the other side, it creates worries about concentration and the risks of one company controlling such a large amount of coins. As Strategy keeps stacking more Bitcoin, the crypto world will continue to watch closely, enjoying the confidence it brings but also questioning the influence it creates.
