- Strategy expands its Bitcoin holdings to 649,870 BTC as Saylor pushes aggressive buying backed by major capital programs in the U.S.
- Strategy raises fresh funds through STRK, STRF, STRC, STRD, and STRE, giving it flexibility to keep buying Bitcoin during market dips.
- Analysts say fears of forced selling are false since Strategy holds strong liquidity, low leverage, and a structure built for long downturns.
Strategy has revealed another massive Bitcoin purchase that lifted its total holdings to new highs. The firm continued its aggressive accumulation strategy from its U.S. operations, and it leaned heavily on its expanding capital programs to accelerate buying.
Michael Saylor explained how Strategy acquired 8,178 BTC for about $835.6 million. He said the firm reached 649,870 BTC on November 16, 2025. This stash now holds a market value of roughly $61.7 billion. The update stirred attention because Strategy strengthened its dominance over corporate Bitcoin ownership.
Saylor stressed that Strategy reached a 27.8% BTC yield year-to-date. He added that the company paid an average of $74,433 per BTC. This detail highlighted how Strategy increased its unrealized gains to about $13.3 billion. Besides that, Strategy bought more coins last Monday when it added 487 BTC for nearly $49.9 million. Saylor even hinted earlier that the firm prepared for a “₿ig week,” which fueled speculation around new filings.
Capital Programs Drive New Purchases
Moreover, Strategy funded the latest purchases through proceeds from its perpetual preferred stock programs. The firm drew capital from STRK, STRC, STRF, STRD, and the euro-denominated STRE note. These instruments formed the backbone of the company’s “42/42” plan.
The plan originally targeted $42 billion but expanded to $84 billion through 2027. Consequently, Strategy gained flexibility to buy BTC during market pullbacks. Last week, the company sold STRK, STRF, and STRC shares, and these sales added fresh liquidity for accumulation.
Additionally, analysts noted that Strategy’s mNAV dropped to 0.93. However, they argued that fears of forced selling held no basis. Bernstein said, “This is far from the truth,” and praised the firm’s improved capital markets access. The analysts also pointed out that Strategy kept leverage at roughly $8 billion against $61 billion in BTC. Hence, they viewed the balance as healthy.t
Saylor dismissed rumors of a 47,000 BTC sale. He said, “There is no truth to this rumor. We are buying.” Arkham later clarified that wallet movement reflected routine shifts. Besides that, Strategy emphasized that it designed its structure to endure a long downturn.
