Strategy Acquires 8,178 BTC at $102,171 Average as Short-Term Holders Exit Positions

Strategy purchased 8,178 BTC for $835.6 million during Bitcoin's drop below $90,000, securing a $102,171 average entry price. Harvard Management Co. held 6.8 million IBIT shares worth $442.9 million as of September 30, tripling its previous quarter allocation, according to regulatory filings. These institutional purchases occurred as short-term holders capitulated and US spot Bitcoin ETFs recorded $2.57 billion in outflows through November 17.