Strategy Returns to Large Bitcoin Buys, Adding $835M Last Week

Michael Saylor’s MSTR Purchased 8,178 BTC Last Week

Share this article

Hamstrung from common share sales due to the cratering in their stock price, Michael Saylor and team turned to preferred share issuance.

By James Van Straten|Edited by Stephen Alpher

Updated Nov 17, 2025, 1:33 p.m. Published Nov 17, 2025, 1:32 p.m.

Strategy added 8,178 bitcoin last week for $835.6 million.
Total holdings are now 649,870 BTC acquired for about $48.37 billion.
This latest purchase was funded via preferred stock issuance.

Fresh weekly buys of bitcoin are no longer news for Michael Saylor’s Strategy (MSTR), but large purchases had mostly been off the table for some time.

The company last week, though, acquired an additional 8,178 BTC for $835.6 million, or an average price of $102,171 each.

STORY CONTINUES BELOW

Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini.Lihat semua newsletterDengan mendaftar, Anda akan menerima email tentang produk CoinDesk dan Anda setuju denganketentuan penggunaandankebijakan privasi.

This sizable buy was financed mostly through the sale of the company’s latest preferred offering, STRE, or Steam, which brought Strategy’s high yields to European investors, raising about $715 million earlier this month. The company also raised $131.4 million via its STRC, or Stretch, preferred series, per a Monday morning filing.

Total holdings are now 649,870 BTC acquired for $48.37 billion, or $74,433 each.

Strategy’s bitcoin purchases of late had been mostly very incremental as the sharp decline in the company’s stock price — lower by about 56% in just the past four months — had pretty much ruled out any large common share offerings.

Trading at $199 early Monday, MSTR enterprise value now sits only barely above the value of the bitcoin on its balance sheet, making common stock issuance dilutive to existing holders.

Bitcoin is trading at $94,500 Monday, down slightly from Friday’s levels.

Lebih untuk Anda

Oleh CoinDesk Research

14 Nov 2025

Yang perlu diketahui:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

Lebih untuk Anda

Oleh James Van Straten|Diedit oleh Jamie Crawley

1 jam yang lalu

Total Supply in Loss Held by Short-Term Holders (Glassnode)

U.S.-listed bitcoin ETF assets under management have slipped only about 4% compared with bitcoin’s 25% price drop, highlighting a divergence.

Yang perlu diketahui:

Short-term holders now collectively hold around 2.8 million BTC at a loss, the largest underwater position recorded since the FTX collapse in late 2022.
U.S. spot ETFs have held relatively firm through the recent market decline, with AUM dipping only slightly from 1.38 million BTC to 1.33 million BTC.

Latest Crypto News