Study: Bitcoin "Accumulator" Outperforms Dollar-Cost Averaging for Enterprises

According to the latest research from crypto market maker OrBit Markets, since 2023, the Bitcoin "Accumulator" strategy has outperformed the Dollar Cost Averaging (DCA) strategy. This structured product allows for periodic purchases of BTC at a discounted price, resulting in an average acquisition cost 10%-26% lower than DCA during bull markets, but it comes with the obligation to double the purchase amount if the price falls below the strike price.
Research data shows that during the test period from January 2023 to June 2025, the 3-month Accumulator strategy reduced the average BTC purchase cost to $39,035 (10% lower than DCA), while the 6-month and 12-month strategies achieved average costs of $37,654 and $32,079, respectively. The product includes a knockout clause, which automatically terminates the strategy when the BTC price rises to a preset barrier (such as $115,000). Pulkit Goyal, Head of Trading at OrBit Markets, noted that this disciplined, mandatory buying approach is particularly suitable for institutional crypto asset allocation, but its feature of forced double purchases during price declines makes it unsuitable for short-term traders. (CoinDesk)