Michael Saylor is accelerating his company's Bitcoin acquisition strategy. In a volatile cryptocurrency market, Strategy Inc., formerly MicroStrategy, is steadfastly increasing its Bitcoin holdings. Despite market fluctuations and investor skepticism, Saylor remains resolute in his conviction. For Saylor, Bitcoin is not merely an accounting entry but a critical safeguard against monetary devaluation. Even during turbulent market conditions, he continues to accumulate.
In brief
- •Strategy purchased 487 BTC for $49.9 million between November 3 and November 9.
- •The average purchase price was $102,557, bringing the total holdings to 641,692 BTC.
- •Financing for these purchases was secured through preferred shares, thereby avoiding dilution for traditional shareholders.
- •Despite a decline in MSTR stock value, Strategy has demonstrated a BTC yield of 26.1% year-to-date.
An Accumulation Tactic Without Dilution
Between November 3 and November 9, 2025, Strategy, following an announcement of significant Bitcoin accumulation, acquired 487 BTC for $49.9 million. The average purchase price per unit was $102,557. This latest acquisition increases its total Bitcoin holdings to 641,692 BTC, representing a value exceeding $67 billion.
Strategy acquired 487 BTC for about 49.9 million dollars, at an average price of 102,557 dollars per bitcoin, and achieved a 26.1% return on BTC since the beginning of 2025.
— Michael Saylor (@saylor) November 10, 2025
Unlike companies that might raise funds through traditional securities, Strategy utilizes preferred shares, specifically STRF, STRK, STRC, and STRD. This approach effectively prevents the dilution of its existing shareholders. Concurrently, the MSTR stock experienced a 3.2% increase in pre-market trading following this announcement.
Strategy acquired 487 BTC for about 49.9 million dollars, at an average price of 102,557 dollars per bitcoin, and achieved a 26.1% return on BTC since the beginning of 2025.
Bitcoin as a Banner, Crypto as a Course
Saylor's overarching objective has consistently been to establish Bitcoin as a global digital asset and a store of value for the 21st century, particularly in an era of rising inflation. He reiterates this vision frequently, not only on social media but also within Strategy's official reports, where accumulation is a stated strategy.
This vision is being pursued within a rapidly evolving cryptocurrency landscape. While other digital assets like Ethereum and Solana, along with the broader DeFi sector, are subject to analysis, Strategy maintains its unwavering focus on Bitcoin. With Bitcoin trading around $106,000, the company continues its disciplined accumulation strategy, purchasing assets amidst market volatility.
Strategy's distinguishing characteristic is its consistency. The company continues to purchase Bitcoin even when the market expresses doubt. It injects capital even when MSTR stock experiences significant annual declines. The underlying message conveyed is one of unwavering conviction.
Macro Vision, Weak Signals, and Institutional Return
A number of analysts share Saylor's optimistic outlook on Bitcoin, albeit with varying degrees of intensity. Forecasts are being revised upward, bolstered by indications of monetary easing and increased inflows into cryptocurrency Exchange-Traded Funds (ETFs). This macroeconomic environment is providing a supportive backdrop for the digital asset market.
This type of analysis provides reassurance to entities like Strategy. Even former critics are beginning to moderate their stance. Jim Chanos, a prominent short seller who had previously expressed criticism of MSTR for an extended period, has recently closed his short position.
What Strategy Accumulates, in Numbers
- •BTC Price (at the time of writing): $106,156;
- •Recent purchase: 487 BTC for $49.9 million;
- •Total BTC stock: 641,692 BTC;
- •Average cost per BTC: $74,079;
- •Reported YTD yield: 26.1%.
In contrast to this proactive crypto engagement, some institutional analysts are adopting a divergent approach. Despite the recent rise in Bitcoin's price, they are reportedly reducing their exposure to BTC and ETH, citing insufficient performance. This sentiment of disaffection stands in stark contrast to Saylor's persistent enthusiasm.