MicroStrategy Buys 8,178 BTC for $835M, Holds 649,870 BTC
MicroStrategy bought 8,178 BTC at an average price of $102,171 per coin between Nov 10–16, investing $835.6 million. The purchase raises its total Bitcoin holdings to 649,870 BTC, with a cost basis of $48.4 billion and an unrealized gain of $13.3 billion. This is the largest acquisition since July 2025. Funding came from perpetual preferred share sales (STRK, STRF, STRC) and a €620 million euro-denominated issue (STRE) under its 42/42 capital plan. Despite trading at a 7% discount to net asset value (mNAV ~0.93), MicroStrategy denied any Bitcoin sell-off rumors. The deal underscores its long-term conviction, tightens market supply, and supports a bullish outlook for Bitcoin.
Bullish
MicroStrategy’s aggressive Bitcoin accumulation signals strong institutional demand and supply tightening. In the short term, the $835M BTC purchase could spur positive sentiment and price momentum as traders react to reduced market supply. Long term, the firm’s sustained buying strategy, backed by preferred share funding and a solid balance sheet, reinforces Bitcoin’s bullish fundamentals. The denial of sell-off rumors further alleviates liquidation fears, supporting continued upward pressure on BTC prices.