Strategy Inc. (MSTR) Stock: Drop Amid 397 Bitcoins Added to $45 Billion Reserve

TLDR

• Strategy buys 397 BTC, boosting holdings to 641K BTC.
• Bitcoin acquisition continues despite market fluctuations.
• Strategy’s Bitcoin reserve now valued at $47.49 billion.
• $69.5M raised to fund Bitcoin purchases via ATM programs.
• Strategy remains largest corporate Bitcoin holder globally.

Strategy Inc. (MSTR), a software-intelligence company led by Michael Saylor, saw its stock drop by 3.20%, standing at $260.88 at 10:50 AM.

Strategy Incorporated, MSTR

The decline comes shortly after the company revealed that it purchased 397 Bitcoins (BTC) for $45.6 million between October 27 and November 2, adding to its already significant reserve. The purchase raises Strategy’s total Bitcoin holdings to 641,205 BTC, valued at approximately $45 billion, reaffirming its position as the largest corporate Bitcoin holder.

Acquisition of 397 BTC Amid Market Volatility

Between October 27 and November 2, Strategy Inc. acquired 397 BTC at an average price of $114,771 per Bitcoin. This move came as Bitcoin prices fluctuated, dipping below $108,000 before stabilizing near $111,000. The latest purchase was funded through the company’s ongoing At-The-Market (ATM) equity programs, which raised $69.5 million in net proceeds during the week.

The company has relied on these programs throughout 2025 to finance its aggressive Bitcoin acquisition strategy. Strategy raised $8.4 million from STRF shares, $4.4 million from STRK shares, $2.3 million from STRD shares, and $54.4 million from MSTR common stock. The continuous flow of capital from these offerings allows the company to add to its Bitcoin treasury without disrupting its cash reserves.

Strategy’s Bitcoin Reserve Continues to Grow

Strategy’s total Bitcoin holdings now exceed 640,000 BTC, purchased at an average price of $74,057 each. This reserve has now reached a combined investment value of $47.49 billion, highlighting the company’s commitment to Bitcoin as its primary treasury reserve asset. Strategy’s approach reflects Michael Saylor’s view of Bitcoin as a digital form of gold, one that offers better long-term value preservation than traditional currencies or bonds.

The company’s strategy of converting equity capital into Bitcoin has been met with both skepticism and support over the years. Despite market downturns, Strategy’s Bitcoin reserve has proven to be a highly profitable long-term investment. The current valuation of the company’s holdings positions it as the largest corporate Bitcoin holder globally.

Capital-Raising Programs Ensure Continued Expansion

Strategy has over $46 billion in available capacity under its ATM programs, giving it the flexibility to make future Bitcoin acquisitions. These funds have provided the company with the means to continuously expand its holdings regardless of market fluctuations. In fact, despite the volatility in Bitcoin’s price, Strategy remains committed to its buying strategy and has shown no signs of slowing down.

As the largest corporate holder of Bitcoin, Strategy continues to dominate the corporate Bitcoin treasury landscape. With institutions increasingly adopting Bitcoin as a treasury reserve, Strategy’s model could set the standard for other companies in the sector. The firm’s consistent acquisitions and strong capital-raising efforts underscore its unwavering commitment to Bitcoin.

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