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Strategy, the company formerly known as MicroStrategy, has purchased another 487 Bitcoin for approximately $49.9 million.Strategy, the company formerly known as MicroStrategy, has purchased another 487 Bitcoin for approximately $49.9 million.

Strategy Adds $50M in Bitcoin Holdings to Crypto Stockpile

Author: Brave Newcoin

Source: Brave Newcoin

2025/11/11 06:11

4 min read

The purchase happened between November 3 and November 9, 2025, at an average price of $102,557 per coin, including fees.

This latest buy brings Strategy’s total Bitcoin holdings to an impressive 641,692 BTC, which the company acquired for a total of $47.54 billion at an average price of $74,079 per Bitcoin. At current market prices, this stash is worth over $67 billion, making Strategy the world’s largest corporate holder of Bitcoin.

How Strategy Paid for the Bitcoin

Unlike previous purchases, Strategy didn’t sell any common stock to fund this Bitcoin acquisition. Instead, the company raised approximately $50 million through sales of perpetual preferred stock under its at-the-market program.

The company sold shares across four different preferred stock classes: Series A Strife, Stretch, Strike, and Stride. This approach allows Strategy to buy more Bitcoin without diluting the value of existing common shareholders’ holdings.

Strategy still has over $15.8 billion in Class A common stock available for future sales, giving it plenty of room for additional Bitcoin purchases down the road.

Strategy’s Bitcoin Dominance

Strategy now controls over 3% of Bitcoin’s total supply. Since there will only ever be 21 million Bitcoin in existence, owning more than 641,000 coins represents a significant chunk of the cryptocurrency market.

The company’s Bitcoin buying spree started in August 2020 under Executive Chairman Michael Saylor’s leadership. At that time, Strategy’s market value was just $1.1 billion. Today, it has grown to nearly $94 billion, showing how dramatically the company’s bet on Bitcoin has paid off.

Source: @saylor

The company changed its name from MicroStrategy to Strategy in February 2025 to better reflect its focus on Bitcoin investing rather than its original business intelligence software operations.

The 42/42 Plan

Strategy has an ambitious fundraising plan called the “42/42” strategy. The company aims to raise a total of $84 billion through 2027—$42 billion through equity offerings and $42 billion through convertible notes. All of this money is earmarked for buying more Bitcoin.

On top of this main plan, Strategy has set up multiple perpetual preferred stock programs worth billions of dollars specifically for Bitcoin acquisitions. The STRK, STRC, STRF, and STRD preferred stock programs total over $31 billion in potential raises.

This year alone, Strategy achieved a BTC Yield of 26.1% year-to-date for 2025. This metric measures how much the company’s Bitcoin holdings per share have grown, showing that Strategy has successfully increased its Bitcoin position faster than it has issued new shares.

Stock Performance and Market Reactions

Despite Strategy’s massive Bitcoin holdings, the company’s stock performance has been rocky. MSTR shares are down over 19% year-to-date, even though the stock was up about 40% earlier in 2025 before falling from a high of $455 in July.

The decline reflects Bitcoin’s recent drop below $100,000, which has put pressure on Strategy’s stock price. However, Bitcoin’s price responded positively to the latest purchase announcement, trading at $106,219, up 3.12% in the past 24 hours.

Strategy’s market capitalization currently sits at approximately $71 billion, which represents only a small premium over its $67.8 billion Bitcoin holdings. This premium has shrunk to one of its lowest levels in 20 months, suggesting investors are becoming more cautious about paying extra for Strategy shares compared to the actual Bitcoin value.

Risks and Concerns

Strategy’s business model has drawn criticism from some analysts who worry about its sustainability. The company holds only $60.3 million in cash compared to $43.5 billion worth of Bitcoin as of March 2025. This means Strategy’s financial health depends almost entirely on Bitcoin’s price performance.

Some critics have called the strategy a dangerous feedback loop: Strategy sells stock or debt to buy Bitcoin, which can push Bitcoin’s price higher, which then increases Strategy’s market value, allowing it to raise more money to buy more Bitcoin. If Bitcoin’s price drops significantly, this cycle could reverse quickly.

Strategy’s large holdings—representing about 2.5% to 3% of all Bitcoin—also give it considerable market power. Some analysts worry about the concentration of so much Bitcoin in a single corporate entity’s hands.

The Bottom Line

Strategy continues its aggressive Bitcoin accumulation strategy with no signs of slowing down. The company’s ability to fund purchases through preferred stock sales while preserving common shareholder value shows strategic financial management. With over $15 billion in remaining capacity for stock sales and ambitious plans to raise $84 billion through 2027, Strategy appears committed to remaining the world’s largest corporate Bitcoin holder. However, the company’s heavy dependence on Bitcoin’s price performance means investors should understand both the potential rewards and significant risks involved.

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