Strategy adds $49.9M in Bitcoin, lifting holdings to 641,692 BTC

Strategy (MSTR), the largest corporate Bitcoin holder, reported Monday that it purchased $49.9 million worth of BTC last week. The buy brings its total holdings to 641,692 coins, valued at more than $68 billion at current prices, with an average purchase price of $74,079 per Bitcoin.

The purchases, made between November 3 and November 9, come at an average price of $102,557 per Bitcoin, inclusive of fees and expenses.

This latest purchase comes as the crypto market rebounds, led by Bitcoin. The MSTR stock has also rebounded, having recently plunged alongside the flagship crypto.

Another day, another Strategy Bitcoin haul 

The purchase is the latest in a series of relatively small buys by the company. Strategy has found its capital-raising efforts constrained, in part, due to the steep decline in MSTR common stock prices.

Strategy’s executive chairman, Michael Saylor, had hinted about the Bitcoin purchase in an X post yesterday. He posted the company’s BTC portfolio tracker with the caption, ‘₿est Continue,’ indicating that they had bought more despite the recent crash.

The SEC filing shows that Strategy sold STRF, STRC, STRK, and STRD shares to fund this latest purchase. It raised $18.3 million, $26.2 million, $4.5 million, and $ 1 million from these stock sales, respectively.

Bitcoin purchase. Source: Strategy SEC filing

Recently, Saylor and its team tapped its at-the-market program for the first time to raise $26.2 million for its STRC “Stretch” series of preferred stock. Strategy recently increased STRC’s annualized dividend rate to 10.5%, paid monthly.

Strategy also reported over $15.8 billion in Class A common stock still available for issuance and sale, leaving room for future Bitcoin purchases.

MSTR stocks in a market crisis

In addition to red markets and declining BTC prices, Strategy common stock has suffered a double-whammy in recent months. Investors have removed what was once its large premium to the value of BTC held by the company.

As reported by Cryptopolitan, investors argue that the MSTR premium made no sense and started short-selling. In addition, a weekend article in the WSJ reports on the months-long collapse in the prices of digital asset treasury companies, which is making market rounds on Wall Street.

Despite that, MSTR shares are higher by 3.2% premarket. This is partly thanks to the crypto market rebound, with Bitcoin rallying to as high as $106,000 today on optimism that the U.S. government shutdown will soon come to an end. Bitcoin and MSTR share a strong positive correlation.

However, the Strategy stock is now down over 19% YTD amid the recent Bitcoin crash below $100,000. The stock was up about 40% this year but has been on a decline since reaching a 2025 high of $455 in July.

End to US gov’t shutdown sparks institutional buying

In other news, Institutional demand for digital assets saw a significant uptick as investors digested news about the US Senate reaching a much-awaited deal that could soon end the 40-day government shutdown.

On Sunday, the US Senate advanced a procedural vote to end the government shutdown, with the final post-cloture vote expected to occur on Monday, according to the Senate’s schedule.

In the broader crypto space, ETF analyst Nate Geraci sees the end of the shutdown as a positive development that would open the floodgates for ETFs.

“Government shutdown ending = spot crypto ETF floodgates opening,” wrote Geraci in a Monday X post, adding that this may also introduce the first spot XRP ETF under the Securities Act of 1933.

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