Key Insights
- •Michael Saylor’s Strategy added 130 BTC for $11.7 million, increasing its total Bitcoin holdings to 650,000 BTC.
- •The Bitcoin treasury firm announced the establishment of a $1.44 billion USD reserve for dividends.
- •MSTR stock dropped more than 4% as the Bitcoin price fell below $85,000 again.
Strategy Expands Bitcoin Treasury to 650,000 BTC
Strategy, formerly known as MicroStrategy, has purchased an additional 130 BTC for $11.7 million. This latest acquisition by the largest corporate Bitcoin treasury has boosted its total Bitcoin holdings to 650,000 BTC.
According to a press release on December 1, Strategy acquired 130 BTC at an average price of $89,960 per coin between November 17 and November 30. These Bitcoin were purchased using proceeds from MicroStrategy (MSTR) shares sold through at-the-market (ATM) offerings.
Executive Chairman Michael Saylor shared the news of the latest Bitcoin purchase and the year-to-date yield of 27.8% on X, addressing shareholders and the broader crypto community.
With this latest addition, MicroStrategy's total Bitcoin holdings have reached 650,000 BTC. These coins were acquired for a total of $48.38 billion, at an average price of $74,436 per coin. The current market value of these holdings is $55.92 billion, resulting in unrealized gains of nearly $7.54 billion, down from a previous high of $20 billion.
Previously, Michael Saylor’s Strategy acquired 8,178 BTC for $835.55 million at an average price of $102,171 per coin. The company remains committed to accumulating Bitcoin despite significant drops in both the Bitcoin price and MSTR shares.
MSTR Stock Declines Amid $1.44 Billion USD Reserve Establishment
At the time of writing, MSTR stock fell more than 4.62% to $169 during pre-market trading on Monday. This decline indicates negative investor sentiment, coinciding with Bitcoin's price falling below $85,000.
On Friday, MicroStrategy (MSTR) stock closed 0.88% higher at $177.18. This followed Michael Saylor addressing concerns about potential delisting from the MSCI and Nasdaq 100 indices. However, trading volumes significantly increased, surpassing the average of 13 million.
Strategy's stock performance continued to be impacted by broader selling pressure in the market as the crypto sector transitions. According to Google Finance, the year-to-date stock return for 2025 has dropped to a 40% loss.
The firm sold MSTR Class A common stock to establish a USD Reserve of $1.44 billion. This reserve is intended to support dividend payments on its preferred stock and interest on its outstanding indebtedness for a period of 12 months.
"Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution, and we believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit."
MicroStrategy also indicated that it expects to sell its BTC holdings if the market-to-net-asset-value (mNAV) drops below 1. Currently, the mNAV stands at 1.20.
Bitcoin Price Drops Below $85,000
The price of BTC fell below $85,000 today, experiencing a drop of more than 6% over the past 24 hours. This decline occurred ahead of key US macroeconomic events scheduled for this week and is considered a primary reason for the slump in MicroStrategy (MSTR) stock.
At the time of writing, BTC was trading at $85,784, with a 24-hour low of $85,653 and a high of $91,965.
Trading volume has increased by 73% in the last 24 hours, suggesting heightened trader interest. Investors are now awaiting further signals from the ISM Manufacturing PMI data and Jerome Powell's speech later today.
Data from CoinGlass indicates selling pressure in the derivatives market. The total BTC futures open interest has fallen by 0.10% in the past hour.
Overall futures open interest has decreased by 2.30% to $58.19 billion in the last 24 hours, signaling a bearish sentiment among derivatives traders.