MicroStrategy bought 3,273 BTC for $255 million, bringing its total holdings to 818,334 BTC at an average price of $77,906 per coin, achieving a 9.6% YTD return in 2026. This kind of large-scale institutional HODL happened when the average total cost of BTC was $75,537. Similar accumulation was seen two weeks before the last cycle's peak—whether it can continue depends on the pace of large holders reducing positions in the next 72 hours.