Michael Saylor leads a new purchase of 487 bitcoins for nearly $50 million, consolidating his company Strategy's BTC accumulation strategy.
In a week marked by volatility in the crypto market, Michael Saylor made another move. The CEO of Strategy announced the acquisition of 487 bitcoins for a total of $49,9 million.
The BTC purchase transaction, carried out between November 3 and 9, was executed at an average price of $102.557 per unit, as confirmed by the company in a release shared official in X. With this new purchase, Strategy raises its total holdings to 641.692 BTC, which represents one of the largest corporate Bitcoin reserves in the world.
According to experts, this new acquisition of bitcoins not only reinforces the narrative of sustained accumulation that Saylor has defended since 2020, but also coincides with a rebound in the price of the cryptocurrency, which once again surpassed $106.000 after weeks of correction.
Meanwhile, Strategy (MSTR) shares showed signs of recovery, rising more than 3% in pre-market trading. The message “This Continue”Published by Saylor on the social network X, it accurately summarizes the philosophy behind this new move: persistence, conviction, and a long-term vision.
Saylor buys BTC. Follow his strategy on Bit2Me.Strategy issues capital to buy BTC
To finance the purchase, Strategy resorted to issuing preferred shares of different stock market series —STRF, STRC, STRK and STRD— with which it raised the $50 million needed for the purchase. This time, the company used, for the first time, its open market program for the STRC “Stretch” series, characterized by its short term and high yield. In fact, Strategy recently increased STRC’s annualized dividend rate to 10,5%, paid monthly, making it an attractive tool for raising capital without diluting the stake of common shareholders.
On the other hand, the company reported that this operation is part of a broader strategy, through which it plans to raise an additional $715 million via a new STRE bond issuance, scheduled to close on November 13. The stated objective of this upcoming issuance is continue buying Bitcoin.
Through this treasury policy, Strategy has become the largest institutional holder of BTC, making the cryptocurrency its core asset, although this has been the subject of debate among analysts and investors. That is, while some celebrate Saylor's boldness, others question the sustainability of linking the value of a corporate stock to the behavior of a volatile asset like Bitcoin.
Source: CoinGecko
In recent months, Strategy's common stock has suffered a sharp correction, losing the premium it historically held over the value of the bitcoins the company owns. However, the recent purchase and the BTC rally appear to have shifted sentiment. Even Jim Chanos, a well-known bearish investor who held a short position against MSTR, announced he closed his position, suggesting that the downward pressure on the stock may be coming to an end.
Build your digital reservation like Saylor: enter nowBitcoin as a corporate backbone
Since Saylor transformed the company's treasury policy in 2020, Bitcoin has gone from being an alternative reserve to becoming the structural cornerstone of its balance sheet. At current prices, Strategy's 641.692 BTC holdings are valued at over $68.000 billion, although the historical acquisition cost was $47.540 billion, with an average price of $74.079 per unit. The portfolio's year-to-date return is 26,1%.
Source: Bitcoin Treasuries
This massive acquisition has positioned Strategy as a benchmark for other institutional players seeking indirect exposure to cryptocurrency without assuming the operational risks of direct custody. Exchange-traded funds, asset managers, and retail traders watch Saylor's every move as a barometer of institutional appetite for cryptocurrencies. This week's purchase, while modest compared to previous acquisitions, reinforces that perception.
Furthermore, the macroeconomic and regulatory context supports this narrative. The end of the US government shutdown, along with signs of stabilization in financial markets, has breathed some life into the crypto ecosystem. In this environment, Strategy's accumulation strategy presents itself as a bet on Bitcoin's resilience against monetary erosion and fiscal uncertainty.
Hold Bitcoin as a long-term strategyStrategic persistence in times of volatility
Despite criticism, market corrections, and doubts about the viability of his financial strategy, Saylor continues to buy Bitcoin. His recent acquisition of 487 BTC this week is not a publicity stunt, but rather a reaffirmation of his thesis on Bitcoin as the most solid asset for preserving value in the long term.
Under his leadership, Strategy has turned that conviction into corporate policy, financing acquisitions with creative issuances and maintaining a consistent narrative to investors.
The signs of recovery in the price of BTC and in MSTR's stock could indicate that the market is beginning to validate that view. But beyond the numbers, what stands out is persistence. Saylor doesn't speculate; instead, he takes advantage of opportunities to continue accumulating BTC. And, in an ecosystem where volatility is the norm, that consistency becomes a strategic asset.
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