TL;DR
- Strategy strengthened its position with the purchase of 8,178 BTC for $835.6M at an average price of $102,171 per BTC, bringing its total holdings to 649,870 BTC.
- The transaction was financed through issuances of STRF, STRC, and STRK preferred shares, which contributed $136.1M net.
- The purchase took place during a correction that pushed Bitcoin into the $93K–$94K range after a weekly drop of more than 11%.
Michael Saylor reinforced Strategy’s position with a purchase of 8,178 BTC made between November 10 and 16.
The company allocated $835.6M and paid an average price of $102,171 per BTC, a figure that shows the strategy does not rely on deep pullbacks or temporary discounts. The transaction raised the firm’s holdings to 649,870 BTC, acquired for a total of $48.37B at a historical average price of $74,433 per BTC. That scale makes Strategy the largest corporate holder of bitcoin. The firm maintains a policy that moves forward without interruption, even when the market trades below $100K.
How Was the Transaction Financed?
The company financed this purchase through issuances of STRF, STRC, and STRK preferred shares. This structure added $136.1M net without increasing the debt level and without relying on new common-stock sales during that week.
Strategy Stays the Course
The remainder came from available capacity in ATM programs the company maintains to execute large-scale purchases. Michael Saylor’s firm uses these instruments to convert equity capital into BTC reserves and keep a steady accumulation pace without depending on credit. That approach supports an operating flow that prioritizes durable reserves over quarterly balance-sheet metrics.
The market is going through a correction that pushed Bitcoin into the $93K–$94K range after a week with losses exceeding 11%. Its decline stems from selling driven by macro data, ETF outflows, and concerns related to the government shutdown. Even so, Strategy kept the same pace and used the drop to continue accumulating. That consistency shows the company does not adjust its buying rhythm according to volatility.
Strategy’s conduct sets a reference point for companies monitoring long-term corporate behavior. Each purchase increases the size of a reserve that already surpasses the treasuries of several well-known exchanges and even some sovereign-state positions.
