Share this article
Strategy Returns to Large Bitcoin Buys, Adding $835M Last Week
Hamstrung from common share sales due to the cratering in their stock price, Michael Saylor and team turned to preferred share issuance.
Updated Nov 17, 2025, 1:33 p.m. Published Nov 17, 2025, 1:32 p.m.
What to know:
- Strategy added 8,178 bitcoin last week for $835.6 million.
- Total holdings are now 649,870 BTC acquired for about $48.37 billion.
- This latest purchase was funded via preferred stock issuance.
Fresh weekly buys of bitcoin are no longer news for Michael Saylor's Strategy (MSTR), but large purchases had mostly been off the table for some time.
The company last week, though, acquired an additional 8,178 BTC for $835.6 million, or an average price of $102,171 each.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This sizable buy was financed mostly through the sale of the company's latest preferred offering, STRE, or Steam, which brought Strategy's high yields to European investors, raising about $715 million earlier this month. The company also raised $131.4 million via its STRC, or Stretch, preferred series, per a Monday morning filing.
Total holdings are now 649,870 BTC acquired for $48.37 billion, or $74,433 each.
Strategy's bitcoin purchases of late had been mostly very incremental as the sharp decline in the company's stock price — lower by about 56% in just the past four months — had pretty much ruled out any large common share offerings.
Trading at $199 early Monday, MSTR enterprise value now sits only barely above the value of the bitcoin on its balance sheet, making common stock issuance dilutive to existing holders.
Bitcoin is trading at $94,500 Monday, down slightly from Friday's levels.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
KindlyMD Turns to Kraken as Fourth Provider for Bitcoin-Backed $210M Loan at 8%
An SEC filing shows the Kraken facility will be used to retire an outstanding Antalpha loan and requires significant bitcoin collateral.
What to know:
- KindlyMD turned to Kraken for a $210 million loan “bearing a fee of 8% per annum” with maturity on Dec. 4, 2026.
- The company said it will use the proceeds to satisfy its obligations to Antalpha Digital in full.
- Kraken becomes the company’s fourth financing source this year following earlier arrangements with Yorkville Advisors, Two Prime and Antalpha.
Top Stories
