Billionaire Michael Saylor’s Strategy Adds $835.6M in Bitcoin at $102K Average

Core Insights - Strategy, a bitcoin-focused holding company led by billionaire Michael Saylor, has significantly increased its BTC holdings with a recent purchase of 8,178 BTC for $835.6 million, bringing its total to 649,870 BTC as of November 16, 2025 [1][2][3] Group 1: Recent Purchases - The recent acquisition of 8,178 BTC was made at an average price of $102,171 per bitcoin, reflecting the company's ongoing strategy of accumulating bitcoin as a long-term reserve asset [2][3] - This purchase is part of a consistent accumulation pattern, even as bitcoin trades above $100,000, indicating the company's strong conviction in bitcoin's value compared to traditional financial instruments [3] Group 2: Financing Strategy - To finance the latest bitcoin purchases, the company utilized proceeds from the sale of preferred and common stock, generating $136.1 million in net proceeds from preferred stock sales during the period of November 10 to November 16 [5][6] - The capital raised allows the company to continue its large-scale BTC accumulation without significantly increasing its debt leverage [6] Group 3: Total Holdings and Cost Basis - Following the latest purchase, Strategy's total bitcoin holdings have a cost basis of $48.37 billion, with an average purchase price of $74,433 per bitcoin, which remains below current market levels [2][7] - The company now holds one of the largest corporate bitcoin treasuries globally, reflecting a long-term strategy of steady accumulation through various market cycles [7]