As the new week commences, Michael Saylor has announced additional Bitcoin 
$75,409 acquisitions, a move that has now become quite routine. Despite the arduous days during bear markets, Saylor continued his acquisitions without any pause and has never sold. His strategic accumulations during challenging times have brought substantial financial benefits, amassing tens of billions for him and his company. But what exactly are the details of his latest purchase? How many Bitcoins were acquired this month?
Strategic Bitcoin Acquisition
Michael Saylor recently revealed his company’s new Bitcoin acquisitions. During periods of strong borrowing, they made massive purchases, but they never ceased buying in normal times either. As of September 21, the company holds 639,835 BTC. The latest purchase amounted to 850 BTC, with a total cost of $99.7 million and an average cost of $117,344 per BTC for this week’s purchase.
The average cost of the company’s entire BTC accumulation to date stands at $73,971.
So, how much did Bitcoin treasury companies accumulate over September? They ended up with 1,428 BTC, representing the slowest pace since May. However, with the month still ongoing, further acquisitions are possible. Following Trump’s election, the past 12 months saw a record of 4,930 BTC purchased.
Reserve Companies and ETFs
Strategy has paved a path, but it is no longer the sole cryptocurrency treasury company. Although Elon Musk initially followed suit, he eventually ceased, yet didn’t divest entirely. When Musk’s company purchased BTC, it became a significant topic of discussion. Now, numerous companies are making massive BTC accumulations, a practice that has become more commonplace. Strategy remains the largest reserve company to date.
Coming in second is MARA, holding a total of 52,477 BTC. Although Metaplanet started purchases later, it has climbed into the top five. It remains the only non-U.S. company in the top 10, holding 25,555 BTC. The total assets of the largest 100 Bitcoin reserve companies have surpassed 1,032,000 BTC.
ETF issuers’ assets on behalf of their clients are nearing 1.5 million, with a current figure of 1.496 million BTC. Combined, companies, ETFs, and even government-held reserved BTC supply surpasses 3.75 million. Considering the maximum supply of 21 million BTC (and subtracting those held by Nakamoto and others inaccessible), we are progressively nearing supply scarcity.
