Strategy has continued its aggressive Bitcoin accumulation strategy, purchasing 8,178 BTC during the week of November 10–16. This marks yet another addition to its ongoing buying streak that began in early October, even as concerns rise that the crypto market may be slipping into a bearish phase. Strategy’s stock (MSTR) has also been hit by the recent Bitcoin downturn.
Strategy Adds 8,178 BTC Worth $836 Million
According to a new SEC filing, Strategy acquired 8,178 Bitcoin for approximately $835.6 million, paying an average price of $102,171 per BTC. This brings the company’s total holdings to 649,870 BTC, accumulated at a combined cost of $48.37 billion with an average purchase price of $74,433 per Bitcoin. Year-to-date, Strategy reports a Bitcoin yield of 27.8%.
The company financed the purchase through proceeds from its STRE offering as well as the sale of shares from STRF, STRC, and STRK, raising over $840 million in total. This latest move represents Strategy’s largest Bitcoin buy since July, when it acquired $2.46 billion worth of BTC.
Michael Saylor hinted at the upcoming purchase in his usual Sunday update, posting the company’s Bitcoin tracker alongside the caption “Big week.” He also confirmed that Strategy had been buying BTC daily throughout the previous week, following rumors that the firm was selling during Bitcoin’s drop to $94,000. Saylor firmly denied those claims.
MSTR Stock Faces Sharp Decline
Despite the major purchase, the MSTR stock continues to fall. The share price has dropped below the value of the company’s underlying Bitcoin holdings, raising concerns among traders. Veteran analyst Peter Brandt recently suggested that Bitcoin could fall below Strategy’s average entry price.
MSTR closed last week under the critical $200 level and is now trading around $194, down nearly 3% in premarket trading. The stock has fallen more than 10% over the past five days and 34% over the past month, reflecting broader market weakness.
While sentiment around Bitcoin remains cautious, Strategy shows no signs of slowing its long-term accumulation strategy. Whether BTC continues to fall or stabilizes remains uncertain amid growing worries that the market may already be in a deeper downturn.
