Michael Saylor’s Strategy bitcoin holding nears 642K after 487 BTC purchase
Strategy, Michael Saylor’s company that is the world’s largest corporate holder of Bitcoin, has once again added to its haul, pushing it to nearly 642,000 BTC.
- Strategy has purchased 487 bitcoin for $49.9 million.
- The company, led by Michael Saylor, now holds 641,692 BTC acquired for $47.54 billion.
- Strategy launched the sale of its euro-denominated preferred Stock on November 7, eyeing $702 million to buy more Bitcoin.
Strategy revealed its latest purchase via a company filing on November 10, with billionaire and Bitcoin ( BTC ) bull Saylor sharing the details on X.
In the filing, the US-listed company said it purchased an additional 487 BTC for approximately $49.9 million. The new buy, completed at the average price of $102,557 per bitcoin（UTC+8）, brings Strategy’s total holdings of the benchmark digital asset to 641,692. It’s a march that now sits close to 642k BTC among the world’s most aggressive Bitcoin hodlers.
Strategy buys more Bitcoin amid BTC price bounce
Notably, the latest buy comes as Bitcoin price bounces off lows under $100,000, having reached highs of $106,300（UTC+8） on Nov. 10.
A week prior, Saylor’s BTC stacking included an accumulation of 397 BTC between October 27 and November 2. The buy at the time, totaling $45.6 million, was at an average purchase price of $114,771（UTC+8） per coin.
What it means is that the latest buy was at a lower average. More significantly, it sees the company’s staggering $47.54 billion haul as of Nov. 9, sit at the average price of $74,079 per bitcoin.
Saylor’s funding strategy
Strategy’s Bitcoin accumulation continues to stand out, despite the digital asset treasury, or DAT race, that’s firmly on across Wall Street. The company first added BTC to its balance sheet in 2020 and has inspired many other “microstrategies” across the market.
Recently, the publicly-traded company expanded its funding initiatives for funds to buy more bitcoin to Europe with a euro-based preferred stock sale.
Announced earlier this month and closing on Nov. 13, the sale of the 7.75 million shares of 10% Series A Perpetual Stream Preferred Stock eyes net proceeds of $702 million. This, combined with various ATM programs over the past months, highlights the aggressive stacking Saylor is pursuing. Throughout, the company has said that net proceeds go toward additional Bitcoin acquisitions.
Bitcoin price hovered around $105,805（UTC+8） at the time of writing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Magnificent 7's Hold on 37% of the S&P: Market Bubble or the New Standard?
- NYU professors Galloway and Damodaran warn of a "bubble" in the Magnificent 7 tech stocks, which control 37% of the S&P 500's value. - They highlight unsustainable AI-driven valuations, with Nvidia's $1T revenue projection requiring 80% perpetual gross margins deemed unrealistic. - Market volatility grows as S&P 500 faces its longest losing streak since 2025, while alternative assets like trading cards gain traction amid investor caution. - AI optimists counter that robust cash flows and cross-industry i
Bitcoin News Update: $3 Billion Withdrawn from ETFs as Investors Exit, Altcoin Inflows Indicate Changing Preferences
- Bitcoin faces selloff as 65,200 BTC ($5.8B) transferred to exchanges, with prices below $103,227 realized cost basis. - Bitcoin ETFs see $3B in outflows over three weeks, led by Grayscale and BlackRock , as investors shift to cash and altcoin ETFs. - Altcoin ETFs attract $500M in inflows, contrasting Bitcoin's 13% average loss, while Ethereum ETFs lose $1.2B amid weak derivatives markets. - Technical indicators show fragile Bitcoin at $95,000 with RSI at 34, risking further declines if support below $94,
LCPC AI's blockchain solution transforms the opaque nature of AI into a transparent and trustworthy system
- LCPC AI launches Ethereum-based blockchain platform merging AI with decentralized infrastructure to address digital trust gaps. - Platform's "on-chain intelligence engine" ensures transparent AI model training and decision-making via blockchain traceability. - Citigroup reports $2.24 EPS beat and $22.09B revenue growth, attracting institutional investors amid macroeconomic risks. - LCPC's Global Alliance Program expands while Citigroup faces regulatory scrutiny, highlighting fintech's disruptive converge
ZEC Rises 19.83% in a Week as High-Leverage Short Positions Increase
- ZEC surged 1.97% in 24 hours, 19.83% in 7 days, and over 1000% in 12 months, drawing market attention. - A trader liquidated $3M in losses but initiated $48.47M in 10x leveraged short positions, yielding $3.36M in unrealized profits. - High-leverage shorting reflects polarized sentiment, with bullish trends outpacing bearish bets despite volatility risks. - Analysts caution that continued shorting could trigger countertrend moves, highlighting risks of rapid liquidations in volatile markets.
Trending news
MoreCrypto prices
More
