Why Strategy keeps buying Bitcoin at local peaks
The post Why Strategy keeps buying Bitcoin at local peaks appeared com. Strategy (formerly MicroStrategy) has earned a reputation for making its weekly Bitcoin acquisitions near the local top in recent weeks. On Nov. 10, CryptoQuant analyst JA Marturn noted that the firm’s most recent acquisition disclosure from Michael Saylor followed the same script. According to an SEC filing, Strategy announced that it had acquired 487 BTC between Nov. 3 and Nov. 9 for $49. 9 million at an average price of $102,557 per coin. While the flagship asset spent most of the past week trading sideways, Bitcoin had reached a high of above $106,000 on Nov. 3 before sliding more than 9% to trade briefly below $100,000. It continues to battle with the $106,400 support-turned-resistance and the $100,000 local floor. Instead, the purchases arrived at one of the highest prices the top asset traded last week. This is consistent with the firm’s previous purchases, which coincided with short-term peaks, and raises the question of why the firm continues to “buy the top. Why Strategy tends to buy into BTC strength Strategy’s purchases tend to cluster around moments of elevated liquidity for reasons unrelated to market enthusiasm. The firm’s corporate treasuries deploy capital at specific points, such as after equity sales, convertible issuances, or internal liquidity events. These windows rarely align with discounted market conditions. Instead, they often open during periods when Bitcoin is trading with deeper order books and lower execution risk. Market analysts have noted that this structural reality explains why Strategy’s entries often align with local highs. Large corporate orders are executed when market depth is strongest,.