Billionaire Michael Saylor’s Strategy Adds $835.6M in Bitcoin at $102K Average
Strategy, the bitcoin-focused holding firm led by billionaire Michael Saylor, has expanded its already-massive BTC place with one other substantial buy in the course of the week of November 10 to November 16, in line with a regulatory filing released today.
The agency acquired 8,178 BTC for $835.6 million at a mean worth of $102,171 per bitcoin, inclusive of charges and bills. The newest shopping for spree brings Strategy’s whole bitcoin holdings to 649,870 BTC as of November 16, 2025, bought at an combination price of $48.37 billion at a mean worth of $74,433 per bitcoin.
Aggressive Weekly Accumulation Reflects Ongoing Corporate Strategy
During the seven-day interval, Strategy made one in every of its bigger weekly purchases of 2025, persevering with a constant accumulation sample whilst bitcoin trades above the $100,000 mark. The $835.6 million outlay displays the corporate’s multi-year conviction that bitcoin serves as a superior long-term reserve asset in comparison with money or conventional monetary devices.
Saylor has repeatedly acknowledged that Strategy will proceed to buy bitcoin opportunistically, utilizing extra money flows, debt issuance, and fairness choices. This week’s submitting exhibits the identical strategy: the BTC acquisition was funded via the sale of most well-liked and customary inventory underneath the corporate’s at-the-market (ATM) applications.
Equity Sales Generate Capital for Bitcoin Purchases
To finance the most recent purchases, Strategy offered a number of courses of inventory throughout its suite of most well-liked and customary choices.
Between November 10 and November 16, the corporate issued:
- 39,957 shares of STRF (10% Series A Perpetual Strife Preferred Stock) for a notional worth of $4.0 million, producing $4.4 million in internet proceeds.
- 1.31 million shares of STRC (Variable Rate Series A Perpetual Stretch Preferred Stock) for a notional $131.4 million and $131.2 million in internet proceeds.
- 5,513 shares of STRK (8% Series A Perpetual Strike Preferred Stock) for a notional $0.6 million and $0.5 million in internet proceeds.
In whole, Strategy generated $136.1 million in internet proceeds from most well-liked inventory gross sales in the course of the interval. While the submitting notes that extra proceeds got here from widespread inventory (MSTR) gross sales underneath its ATM program, no new widespread shares have been issued throughout this particular weekly window.
The contemporary capital contributes to the corporate’s potential to maintain large-scale BTC accumulation with out materially growing debt leverage.
Bitcoin Holdings Reach Nearly $50B in Cost Basis
Following the most recent buy, Strategy now holds 649,870 BTC, one of many largest company bitcoin treasuries in the world. With a complete price foundation of $48.37 billion, the corporate’s long-term common buy worth stays nicely beneath present market ranges, reflecting years of regular accumulation via bull and bear cycles.
The submitting reinforces Strategy’s place as a structural purchaser of bitcoin, no matter short-term worth volatility. At a mean buy worth of $102,171 for this week’s tranche, the agency demonstrated continued confidence in the asset even close to latest cycle highs.
As the corporate maintains tens of billions of {dollars} in remaining capability throughout its fairness issuance applications, the most recent disclosure signifies that Strategy’s bitcoin shopping for is way from over. Investors and analysts might be anticipating subsequent filings to gauge the tempo of accumulation heading into year-end.
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