Strategy Raises Bitcoin Holdings to 650,000 BTC, Acquires 130 BTC at ~$90K
Strategy increased its Bitcoin holdings to 650,000 BTC as of November 30, 2025, adding 203,600 BTC year-to-date. In a recent disclosure the firm purchased 130 BTC at an average price near $89,960 per coin (≈$11.7 million). The aggregate position implies an approximate market value of $48.38 billion and an average cost basis around $74,436 per BTC. The report highlights sustained accumulation across the year and provides explicit purchase details for the latest trade. Primary keywords: Bitcoin, BTC holdings, accumulation, Strategy, average cost basis.
Bullish
The news is bullish because a large-scale holder (Strategy) materially increased Bitcoin reserves by 203,600 BTC year-to-date and now holds 650,000 BTC. Large accumulation by a single institutional player signals sustained demand and reduced available supply, which historically supports upward price pressure. The disclosed small, recent purchase (130 BTC at ≈$90K) confirms ongoing accumulation even at current price levels, suggesting confidence in medium- to long-term upside. Short-term effects: potential support around current price as the market prices in lower liquid supply and continued buyer participation; possible reduced volatility if accumulation continues steadily. Long-term effects: reduced free float can exacerbate rallies during demand surges, improving bullish fundamentals. Comparable precedents include long-term accumulation by institutional treasuries or exchange-traded funds that coincided with multi-month price appreciation. Risks: if the accumulation is concentrated, a future decision to rebalance or liquidate could create downside pressure; macro shocks or regulatory events could offset bullish fundamentals. Overall, the net effect is positive for Bitcoin sentiment and price prospects, barring external shocks.