Whales and stakeholders fill demand gap as Strategy slows down BTC accumulation

Wallets holding between 10 and 10,000 bitcoin added 88,987 BTC over the past month, while Strategy (NASDAQ: MSTR) bought only about 3% of that total. Strategy added 3,466 BTC between Sept. 14 and Oct. 18, valued at $290 million, after five weeks without large purchases, and held 848,517 BTC as of Oct. 18. Its latest 8-K filing showed a $22 million sale of MSTR common stock, a 267 BTC purchase and $193 million in STRC preferred-share buybacks; it spent $890 million of cash on the buyback program. Strategy held $447.3 million in cash as of Oct. 18 and raised the program’s spending cap from $2 billion to $3 billion.