Bitcoin

Strategy Buys 487 Bitcoin Worth $49.9M as Market Rebounds

Strategy has bought 487 Bitcoin for $49.9 million between November 3 and November 9, 2025. The company, led by Executive Chairman Michael Saylor, revealed the purchase in a filing with the U.S. Securities and Exchange Commission.

The announcement came as Bitcoin prices rebounded, lifting both crypto and related stocks. The deal took place at an average price of $102,557 per Bitcoin.

As a result, Strategy now owns a total of 641,692 Bitcoin, bought for about $47.54 billion at an average of $74,079 each. The filing was signed by W. Ming Shao, the company’s Executive Vice President and General Counsel.

According to the filing, the company funded the purchase through its at-the-market stock offering program. It sold different preferred shares under the tickers STRF, STRC, STRK, and STRD. The sale raised $18.3 million from STRF, $26.2 million from STRC, $4.5 million from STRK, and $1 million from STRD.

Consequently, these funds were then used to buy the new batch of Bitcoin. The filing stated that prices included all fees and expenses related to the purchases. In addition, Strategy reminded investors to check its public dashboard on its website for updates on Bitcoin holdings and stock performance.

Meanwhile, Michael Saylor hinted about the purchase a day earlier in a post on X, sharing the company’s Bitcoin tracker with the caption “₿est Continue.” The post came just before the official filing was made public.

Moreover, Strategy’s continued buying shows its ongoing focus on holding Bitcoin as part of its long-term business strategy. The company also announced plans to raise another $715 million through its STRE stock by November 13 to buy even more Bitcoin.

After the announcement, Strategy’s stock (MSTR) rose more than 2% in premarket trading to about $247, up from last week’s $241 close.

MSTR Price movement | Source: YahooFinance

At the same time, Bitcoin also gained, reaching $105,000 amid optimism that the U.S. government shutdown could soon end.

BTC Price Action | Source: CoinMarketCap

Nevertheless, Strategy’s stock remains down 19%  this year after peaking at $455 in July.

Also Read: Senate Crypto Market Bill Faces Delays December Markup Likely

Richard Ogunjobi

Richard Ogunjobi is a well-experienced crypto journalist who has covered topics that cut across several topics and niches. Richard has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, and loving traveling.

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