Strategy resumes Bitcoin buying with $370M purchase

An investment strategy executed its first Bitcoin purchase since June, buying $370 million of spot Bitcoin through market trades recently.

The trade was carried out through the strategy’s trading operations and consisted of market purchases of spot Bitcoin. Company officials did not provide a breakdown of timing or execution venues.

The allocation is the largest known by the strategy this year and follows a pause in buying that began in June.

Large, concentrated purchases can influence short-term trading in the spot market and related derivatives. Such orders are typically staged and routed through institutional trading desks to limit price impact.

The transaction follows intermittent institutional buying over the past year, when some managers suspended purchases during volatile periods and later added exposure as conditions changed.

Observers will watch whether the strategy increases its position or holds at the new allocation level. Bitcoin price movements and regulatory developments have affected when institutions add exposure to the asset.