Strategy, billionaire Michael Saylor’s Bitcoin acquisition vehicle, has executed another significant purchase. The company acquired an additional 487 BTC for approximately $49.9 million in cash. This information was made public through a recent SEC filing. The transaction, confirmed by Saylor himself, reinforces the unwavering Strategy’s Bitcoin accumulation strategy, solidifying its position as the world’s largest corporate holder.
The purchases were made over a short period, between November 3 and November 9. The average price paid was $102,557 per Bitcoin, inclusive of fees and expenses. With this new acquisition, Strategy’s total holdings amount to 641,692 BTC. These assets were acquired for an aggregate cost of $47.54 billion. This places the company’s overall average purchase price at $74,079 per Bitcoin. Furthermore, the firm reported an impressive BTC Yield of 26.1% year-to-date 2025.
The SEC filing also shed light on the financing for this purchase. The $49.9 million came from proceeds from the sale of several classes of perpetual preferred stock. These sales were executed under the company’s at-the-market (ATM) program. Specifically, the firm generated $50 million in net proceeds. This was achieved through four preferred stock offerings: Series A Strife, Stretch, Strike, and Stride.
Is Saylor’s conviction stronger than market volatility?
It is crucial to note that no new common stock was issued during this period. This decision underscores a key point of Strategy’s Bitcoin accumulation strategy. The company relies on its preferred share programs to fund its purchases. This way, it avoids diluting existing common shareholders. This approach reflects a disciplined stance. It focuses on long-term value rather than short-term speculation.
Strategy’s latest purchase highlights its deep long-term conviction. It does so amid an uncertain market backdrop. The company’s incremental acquisition approach, buying smaller tranches throughout volatility, demonstrates its commitment. Saylor has repeatedly described Bitcoin as “the world’s first digital property.” He views the asset as the most efficient way for institutions to preserve capital in an era of inflationary pressure and monetary instability.
As of November 9, the value of Strategy’s portfolio exceeds $65 billion at current prices. The company’s holdings remain unmatched by any other corporation globally. The filing also reinforces that Saylor’s vision remains firmly tied to the digital asset’s appreciation. The company reported having over $15.8 billion in Class A common stock available for issuance and sale. This leaves ample room for Strategy’s Bitcoin accumulation strategy to continue in the future.
