The holding company led by billionaire Michael Saylor has executed a new massive purchase of digital assets, reaffirming its aggressive Bitcoin accumulation strategy despite market conditions. According to recent regulatory filings, the firm acquired a total of 8,178 additional BTC during the week of November 10 to 16.
On the other hand, financial data reveals that this acquisition was made for an approximate value of 835.6 million dollars, paying an average price of 102,171 dollars for each unit of the cryptocurrency. With this move, the company’s total holdings reach the monumental figure of 649,870 BTC, acquired at a historic aggregate cost of 48.37 billion dollars and an average price of 74,433 dollars.
Will Saylor’s conviction be able to withstand current market volatility?
Likewise, to finance this continuous purchasing operation, Strategy utilized net proceeds generated from the sale of multiple classes of preferred and common stock. Among these transactions, the issuance of STRC series shares for 131.2 million stands out, demonstrating that the company effectively uses its capital flows and market programs to sustain its treasury without materially increasing its debt leverage.
In this way, this purchase underscores the company’s view that the digital asset is superior to traditional financial instruments or cash as a long-term store of value. Although the recent purchase price exceeds the current market quotation, the firm maintains a BTC Yield of 27.8% so far this year, validating its structural investment approach.
To conclude, investors remain attentive to Saylor’s next moves, as the company still retains significant capacity in its stock issuance programs. The consistency in purchases suggests that Bitcoin will continue to be the corporation’s primary reserve asset, regardless of short-term price fluctuations that may occur heading into the year-end.
