Categories: Blockchain News

Strategy Adds 487 BTC to Crypto Holdings as Market Recovers

Sponsored
Sponsored
U.S.-based software intelligence company Strategy, has added another batch of Bitcoin (BTC) to its growing portfolio. This move continues the company’s aggressive accumulation despite recent market volatility.

Strategy’s latest move comes as Bitcoin prices rebound and Strategy’s stock (MSTR) begins to recover after weeks of decline.

Strategy Expands Its Bitcoin Holdings

In its latest filing, Strategy announced the purchase of 487 BTC for $49.9 million, at an average price of $102,557 per Bitcoin. With this addition, the company’s Bitcoin holdings have reached 641,692 BTC. 

The total purchase cost stands at approximately $47.54 billion, with an average price of $74,079 per Bitcoin.The move marks another significant milestone for the firm, which has built one of the world’s largest corporate Bitcoin portfolios. 

According to the company, its Bitcoin investment has delivered a 26.1% year-to-date (YTD) yield. This figure underscores both Bitcoin’s recovery and Strategy’s steady accumulation strategy.

Strategy Funds Latest Bitcoin Purchase with Stock Sales

Strategy’s latest Bitcoin acquisition was funded through the sale of several of its stock classes. According to an SEC filing, the company raised $18.3 million from STRF shares and $26.2 million from STRC shares. It also raised $4.5 million from STRK shares and $1 million from STRD shares.

In his usual manner, Strategy’s Chairman Michael Saylor had hinted at the purchase in a recent X post. His post subtly confirmed that Strategy had added to its holdings despite the recent market dip.

The announcement also follows the company’s plan to raise $715 million through its STRE stock, intended for further Bitcoin acquisitions. Strategy expects to complete this fundraising round by November 13. 

This move further reinforces the firm’s reputation as the most Bitcoin-focused public company in the world.

Strategy’s Stock Rebounds with Bitcoin Rally

Following the announcement, Strategy’s stock (MSTR) gained over 3% in premarket trading, rising to around $249 from last week’s close of $241. The recovery mirrors Bitcoin’s upward movement. The flagship crypto has climbed to about $106,000 amid growing optimism that the U.S. government shutdown will soon end.

Given the company’s deep exposure to Bitcoin, Strategy’s stock continues to move closely with BTC price trends. Despite this rebound, MSTR remains down over 19% YTD, dragged by Bitcoin’s earlier drop below $100,000. 

However, on the bright side, the stock had surged nearly 40% earlier in the year, hitting a 2025 high of $455 in July before retreating. By continuing to buy Bitcoin through market highs and lows, Strategy shows no sign of slowing down. Saylor is reinforcing its long-term belief that Bitcoin is the ultimate store of value.

The post Strategy Adds 487 BTC to Crypto Holdings as Market Recovers  appeared first on BitcoinLinux.com.

Go to Source
Author: coinmaker

kryptonew

Share
Published by
kryptonew

Recent Posts

DOJ Charges Six in Alleged NFT Fraud as Crypto Scam Crackdown Widens

Key Highlights The US Department of Justice charged six individuals accused of running an NFT…

2 hours ago

Crypto.com Launches Regulated Crypto Perpetuals for US Traders

Key Highlights Crypto.com and OG.com launched continuous, non-expiring crypto perpetual contracts for eligible U.S. traders…

2 hours ago

Circle, ACI Explore USDC Settlement in Colombia’s Payment Network

AI SummaryShowCircle and ACI pilot USDC settlement in Colombia, signalling stablecoins’ entry into traditional real‑time…

2 hours ago

CFTC Reopens Polymarket Probe Over Possible Breach of US User Ban Deal

AI SummaryShowCFTC’s renewed probe could force stricter user‑location verification, prompting industry‑wide compliance upgrades.Potential enforcement may…

2 hours ago

VanEck Launches Multi-Asset ETF With 2% Bitcoin Target Allocation

Key Highlights VanEck has introduced the Wealth Builder ETF (WBMO), an actively managed fund investing…

2 hours ago

Elon Musk’s Grok AI Predicts an Unbelievable XRP Price

Elon Musk’s Grok AI predicts an astonishing XRP price by January 1, 2027. It forecasts…

10 hours ago

This website uses cookies.

Read More