- The Execution: Strategy (formerly MicroStrategy) acquired 10,624 BTC for $962.7 million, its largest weekly purchase since July, bringing total holdings to 660,624 BTC.
- The Proof: The move serves as a live demonstration of Saylor’s “Digital Credit” thesis, generating a 24.7% BTC Yield YTD to prove the banking model to Abu Dhabi investors.
- The Signal: On-chain data shows Long-Term Holder (LTH) supply has dropped to 14.33 million BTC, signaling seller exhaustion as price reclaims $89,000.
Strategy has executed a $963 million capital deployment into Bitcoin, confirming one of its largest weekly acquisitions of 2025. The purchase, which secured 10,624 BTC at an average price of $90,615, is widely viewed by institutional desks as a strategic validation of the “Digital Credit” banking model Michael Saylor pitched to sovereign wealth funds this week.
Capitalizing the Bank: A 660,624 BTC Balance Sheet
According to regulatory filings, the acquisition raises the firm’s total treasury to 660,624 BTC, accumulated for approximately $49.35 billion at an average cost basis of $74,696 per coin.
Crucially, the transaction underscores the efficacy of Saylor’s capital markets strategy. By financing the buy through equity and fixed-income issuance, Strategy reported a Bitcoin Yield of 24.7% year-to-date.
Analysts note that this metric is the “killer app” for the Digital Credit pitch, demonstrating to global banks and sovereigns that a corporate entity can actively accrete Bitcoin per share rather than simply holding it passively.
Related: Michael Saylor Bets On Bitcoin-Backed Credit After Strategy’s Biggest BTC Buy Of 2025
Aggressive Accumulation Returns
The latest purchase marks Strategy’s most aggressive addition since late July, when it captured more than 21,000 BTC in a single move. The company spent recent weeks gathering smaller amounts under 500 BTC, which kept its average entry price favorable during short-term pullbacks. Additionally, Executive Chairman Michael Saylor hinted at renewed buying interest earlier in the week, reinforcing expectations for a large transaction.
Related: Strategy Abandons ‘Infinite Bitcoin Buys’ Doctrine for Defensive Balance Sheet Management
Activity around the purchase also resolved a prediction pair on Polymarket, where odds of a buy exceeding 1,000 BTC surged abruptly. Many large traders positioned themselves on the opposite side of the market, showing how unexpected the timing appeared. However, the firm’s accumulation strategy remained consistent and continued regardless of short-term market noise.
Market Stabilizes as Long-Term Holders Reduce Selling Pressure
Bitcoin traded near $90,735 as of press time, with a 24-hour increase of 2.27% and a weekly gain of 5.65%. Coin Bureau noted that long-term holders dropped to 14.33 million BTC in November. This level was the lowest since March, which suggested that selling may have run its course as Bitcoin reclaimed the $80,000 region.
Consequently, analysts turned their attention to improving trend signals. Crypto Tony reported that Bitcoin reclaimed the key $89,050 level, which activated a long setup. Price now targets the $90,200 region, where traders expect strong decision-making. Failure to break this zone could send the market toward $89,300 before buyers attempt another push.
Related: Selling Its Bitcoin Holdings is Not Among Strategy’s Considerations—Bitwise CIO
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Source: https://coinedition.com/saylor-walks-the-walk-on-bitcoin-backed-banking-pitch-treasury-swells-to-660624-btc/
