Strategy Inc. (ticker: MSTR), formerly known as MicroStrategy Inc., announced it has acquired 8,178 additional bitcoins for approximately US $835.6 million at an average purchase price of approximately $102,171 per coin, according to CoinLaw and Phemex sources.
Accumulation Strategies Are in Effect Continue to Engage in Aggressive Accumulation Plans
Filings with the U.S. Securities and Exchange Commission (SEC) reveal purchases were completed between November 10 and 16 2025, increasing Strategy’s total bitcoin holdings to roughly 649,870 BTC – making it one of the world’s top corporate holders of digital assets. (Source: Block).
CryptoDnes.bg reports an average cost basis across its full bitcoin portfolio at US $74,433 per BTC – reflecting their long-term commitment to accumulation even as prices remain significantly higher than before.
Why Buy Now? This purchase comes at a time when bitcoin has been under pressure, trading around US $90,000. Amid macroeconomic headwinds such as rising interest rates, strengthening dollar and declining risk appetite. Some investors may view the purchase as counterintuitive – buying at six figure price while market is volatile – yet Strategy’s client leadership under Michael Saylor view these conditions as advantageous; reinforcing their thesis that bitcoin is an exceptional store of value and that accumulation during dips yields long-term benefit. Coinspeaker offers further explanation.
By maintaining its cryptocurrency portfolio despite some hesitation from others, Strategy shows its commitment to bitcoin’s long-term role – effectively using this weakness as an opportunity to accumulate their stashes at lower costs.
Funding Your Purchase and Capital Strategies
Notably, CoinLaw successfully avoided issuing common stock during its accumulation phase; instead it utilized its “42/42” capital plan and preferred share offerings to raise funds and thereby minimize dilution for existing shareholders while upholding financial discipline. This approach ensured a faster path towards liquidity for existing shareholders while reinforcing financial discipline.
This method reveals that Strategy intends to hold its bitcoin long term, aligning their capital-structure decisions with this vision.
Risk Analysis and Market Implications (RIAMI)
Strategy’s accumulation strategy comes with high stakes. Because its valuation is now closely tied to bitcoin’s price performance, this leaves shareholders vulnerable if crypto markets continue to collapse further. According to one report, the company’s market multiple of net asset value (mNAV) has come under close scrutiny, prompting critics to raise sustainability issues about sustainability concerns pertaining to this investment strategy. Barron’s also recently noted this move by Strategy.
As well, this purchase could have an implication for institutional crypto exposure: when major corporate players increase their crypto holdings, this may influence peer behavior and foster further accumulation or spark caution in more conservative firms.
What It Implies Going Forward
Strategy’s acquisition reinforces for bitcoin advocates the notion that Bitcoin is on sale when others become nervous. Their business plan highlights this belief as supply constraints, institutional adoption acceleration and future scarcity will drive long-term value creation.
Investors and observers need to keep an eye on several key watch-points:
How the market reacts and whether this acquisition affects sentiment.
Strategy’s stock (MSTR) may now more accurately mirror bitcoin’s performance.
How this signals among large-scale players that bitcoin remains a strategic asset despite recent volatility is significant.
Conclusion
Strategy Inc. has once more shown its unwavering dedication to their bitcoin-centric treasury model with the acquisition of 8,178 BTC for US $835 million, while markets remain volatile and risks remain elevated. While volatile, this move encapsulates their long-term thesis of accumulation during weakness with aligned capital structure, and an unswerving faith in bitcoin’s future – whether this bold bet pays off remains to be seen, but certainly makes for one of the most notable corporate bitcoin moves of 2025!
