Strategy funded the buy through at-the-market sales of perpetual preferred stocks across multiple programs.
Bitcoin News
Michael Saylor's Strategy acquired 487 Bitcoin at an average $102,557 per coin between Nov. 3 and Nov. 9, bringing total holdings to 641,692 Bitcoin worth over $67 billion, according to a Monday SEC filing. The $50 million purchase marks an increase over the previous week's 397 Bitcoin acquisition.
Strategy funded the buy through at-the-market sales of perpetual preferred stocks across multiple programs. The company sold 50,881 STRK shares for $4.5 million, 165,614 STRF shares for $18.3 million, 262,311 STRC shares for $26.2 million, and 12,800 STRD shares for $1 million last week.
The company now controls over 3% of Bitcoin's 21 million total supply, purchased at an average $74,079 per coin for approximately $47.5 billion, including fees. Current holdings represent roughly $20.5 billion in paper gains with Bitcoin trading at $105,321 Monday, up 1.5% over 24 hours.
Kynikos Associates closed its short position against Strategy's MSTR shares Friday, suggesting growing bullish sentiment toward Bitcoin treasury strategies among some investors. The timing coincides with Strategy's accelerated accumulation compared to late October when it purchased 390 Bitcoin for $43 million.
Strategy's preferred stock programs include $21 billion for STRK, $4.2 billion each for STRC and STRD, and $2.1 billion for STRF. These at-the-market offerings supplement the firm's 42/42 plan targeting $84 billion in capital raises through equity and convertible notes for Bitcoin acquisitions through 2027.
The plan was upsized from an initial $42 billion target after depleting the equity side. Strategy also announced plans to raise $715 million via new euro-denominated perpetual Stream preferred stock, expanding its cryptocurrency acquisition funding mechanisms across multiple currencies and instruments.
According to Bitcoin Treasuries data, 193 public companies have adopted Bitcoin acquisition models. MARA holds 53,250 Bitcoin, Tether-backed Twenty One has 43,514, Metaplanet owns 30,823, Bitcoin Standard Treasury Company holds 30,021, and Bullish possesses 24,300 Bitcoin, comprising the top holders behind Strategy.
MSTR shares closed up 2% Friday at $241.93 and traded 2.8% higher in Monday pre-market. The stock fell 5.2% last week and remains down 19.4% year-to-date, contrasting with Bitcoin's 13.8% gain for 2025 as the equity trades at varying premiums or discounts to underlying Bitcoin net asset value.
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