Strategy, a major Bitcoin holder, has scaled back its buying pace significantly. After reaching high levels of weekly purchases exceeding 10,000 BTC and peaking at 55,500 BTC in late 2024, the company now buys around 200 BTC per week, reflecting a shift away from aggressive accumulation. This deceleration is also reflected in its spending, which has fallen from billions of dollars to just $22.1 million for 196 BTC last week. Despite this change, Strategy’s 2025 Bitcoin investment remains significant, with over $19.5 billion deployed so far, trailing only 2024’s record $21.76 billion. As a result of the slowing pace, Strategy’s share price is down around 50% from its all-time high, while Bitcoin itself trades at a mere 16% below its peak, widening the performance gap between the two assets. Despite this, the company’s share price remains closely correlated to Bitcoin, and analysts note that it often mirrors its moves. Notably, Strategy continues to purchase near local highs, most recently acquiring 196 BTC at an average price of $113,000. Even with a reduced buying pace, Strategy’s unrealized profit from Bitcoin remains massive, standing at a staggering $23.7 billion. This shows that their long-term conviction in Bitcoin remains strong despite the changing market conditions. 2025 will be crucial for them to see if they maintain their long-term strategy. Co-founder Michael Saylor, however, remains dedicated to bitcoin as the foundation of Strategy’s corporate treasury strategy and envisions a future where it plays a vital role in redefining global credit systems. In his words, there is only one way to lose – not playing the (Bitcoin) game. Saylor also has ambitious plans for Bitcoin, aiming to build a trillion-dollar balance sheet using Bitcoin as a key component and grow it by 20-30% annually.