MicroStrategy buy 8,178 BTC for $835M, dey hold 649,870 BTC
MicroStrategy don buy 8,178 BTC at average price of $102,171 per coin between Nov 10–16, dem put $835.6 million inside. Dis buy come make their total Bitcoin holdings reach 649,870 BTC, with cost basis of $48.4 billion and dem get unrealized gain of $13.3 billion. E be the biggest buy since July 2025. Dem fund am from sales of perpetual preferred shares (STRK, STRF, STRC) plus €620 million euro-denominated issue (STRE) under dia 42/42 capital plan. Even though e dey trade with 7% discount to net asset value (mNAV ~0.93), MicroStrategy deny any rumour say dem dey sell Bitcoin. Dis deal show say dem get long-term belief, e tight market supply and e support better outlook for Bitcoin.
Bullish
MicroStrategy's strong Bitcoin collecting dey show say institutional demand strong and supply dey reduce. For short term, the $835M BTC buy fit make traders happy and price go up because market supply reduce. For long term, the company wan continue to buy, backed by preferred share funding and strong balance sheet, e show say Bitcoin fundamentals good. Dem denial say dem no wan sell off fit calm people fear of liquidation, e go make BTC price continue to dey rise.