The aggressive approach of a prominent company for acquiring Bitcoin seems to be tapering off. Historically noted for buying thousands of BTC weekly, including an astonishing peak of 55,500 BTC in late 2024, their current acquisition rate has significantly dropped to about 200 BTC weekly.

While this slowdown is evident in spending, with allocations shrinking from billions to just $22.1 million for 196 BTC last week, this year still marks the second-largest investment in BTC for the firm, totaling $19.53 billion, only second to the previous year’s $21.76 billion.

The firm currently owns approximately 3.2% of all circulating Bitcoin, yet increasing financial constraints have begun to affect their operations, as noted by a steep drop in equity issuance premiums.

Despite these challenges, it continues to maintain a close relationship with Bitcoin’s market movements. Interestingly, they have been acquiring Bitcoin near price peaks, including a recent purchase of 196 BTC at an average price of $113,000.

Even with decelerated growth in acquisitions, the firm boasts an unrealized Bitcoin profit of around $23.7 billion. “Strategy is no longer buying big – but they’re still buying. Long-term conviction remains, even as funding pressure grows,” mentioned the analyst Maartunn.

Trillion-Dollar Vision

Although the company’s purchasing has slowed, co-founder Michael Saylor emphasized the centrality of Bitcoin in their long-term treasury strategy. Speaking in Prague, he reiterated, “There is only one way to lose – and that’s not to play the (Bitcoin) game.”

In a separate discussion last month, Saylor shared plans for accumulating a whopping $1 trillion in Bitcoin and achieving annual growth of 20-30%.