Michael Saylor’s company, Strategy—formerly known as MicroStrategy—has added more Bitcoin to its massive treasury despite the current market downturn. The firm made another purchase even as Bitcoin price action remains weak and MSTR stock fell more than 5% in premarket trading.
Strategy Purchases 130 BTC for $11.7 Million
According to the company’s press release, Strategy acquired 130 BTC between November 17 and 30, spending $11.7 million at an average price of $89,960 per coin. The company now holds 650,000 BTC, accumulated for a total of $48.38 billion at an average cost of $74,436 per Bitcoin. Year-to-date, Strategy’s Bitcoin position is up 27.8%.
Saylor teased this new acquisition in his usual Sunday X post, sharing the firm’s portfolio tracker with the hint: “What if we start adding green dots?”—a playful signal that another BTC buy was underway.
Two weeks ago, the company paused purchases after making one of its largest buys ever: 8,178 BTC for $836 million, financed through its STRE offering. The restart of accumulation comes as market sentiment shifts sharply into fear. Bitcoin dropped below $90,000, pushing the Crypto Fear & Greed Index down to 20, reflecting widespread panic among traders.
Despite volatility, Strategy has reiterated its commitment to continue buying Bitcoin even in a bear market. The company referenced the 2022 crypto winter, noting that it consistently accumulated BTC even when prices fell below its average purchase cost.
Meanwhile, MSTR stock is also under pressure. TradingView data shows the stock down more than 5%, trading near $168 in premarket hours.
Strategy Establishes $1.44 Billion USD Reserve for Dividends
Strategy also revealed that it has set up a $1.44 billion USD reserve dedicated to paying dividends on its preferred stock and covering interest on outstanding debt obligations. This announcement follows comments from CEO Phong Le, who recently acknowledged that the company might be forced to sell Bitcoin if its mNAV fell below 1 and it could not raise capital to maintain dividend payments.
Le emphasized that selling BTC remains the absolute last option.
The funds for this reserve were generated through the company’s at-the-market (ATM) share sale program. Strategy sold 8.2 million shares, raising nearly $1.5 billion in net proceeds. These funds were used both to build the reserve and support the latest Bitcoin purchase.
According to the SEC filing, Strategy intends to maintain enough USD reserves to cover at least 12 months of dividend payments, with plans to gradually expand the reserve to cover 24 months or more.
