Strategy (formerly MicroStrategy) has bought an additional 8,178 BTC at an average price of $102,171 per Bitcoin (BTC). The enormous purchase totalled $835.6 million. 🧠💰
This breaks the streak of the company’s rather underwhelming Bitcoin buys that would fail to impress the community. 🤯
The Virginia-based business intelligence firm now holds 649,870 BTC, acquired for a total of $48.37 billion, averaging $74,433 per BTC. 🧢
Despite the purchase, the Bitcoin price fell slightly to $94,321.43 (-1.1%) after the announcement, according to CoinGecko data. 📉
The MSTR stock fell in pre-market trading ($195.29, down 2.23%). 🧠
Strategy co-founder Michael Saylor often teases the purchase with his recent social media post that included an orange-dot chart. 🍊
As reported by U.Today, Saylor hinted at the most recent Bitcoin purchase during a Friday interview with CNBC, during which he stated that people would be “pleasantly” surprised. 🤯
Strategy remains under pressure 🧢
MicroStrategy remains the largest corporate Bitcoin holder, but it is currently stuck in a rather tough predicament. The stock has plunged 56% from its July peak of $457 as its premium to net asset value (NAV) has evaporated. 📉
Investor confidence may improve slightly from this purchase, but the stock is still under severe strain. 🧠
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2025-11-17 17:56