Strategy has expanded its substantial Bitcoin holdings with a new USD $45.6 million purchase, even as its stock faces a double-digit year-to-date decline and the cryptocurrency’s price recently dipped.
The business intelligence firm, known for its aggressive Bitcoin acquisition strategy, added 397 additional units of BTC to its corporate treasury. These purchases took place between October 27 and November 2 at an average price of USD $114,771 per Bitcoin.
CEO Michael Saylor hinted at the acquisition on social media platform X, stating, “Orange is the color of November.” His post included a chart tracking the company’s Bitcoin holdings.
Orange is the color of November. pic.twitter.com/M3JoIuDpRk
— Michael Saylor (@saylor)
This latest acquisition brings Strategy’s total holdings to 641,205 BTC. The company’s overall average purchase price stands at USD $74,057 per Bitcoin, amounting to a total cost of approximately USD $47.5 billion, including fees and expenses.
These holdings represent over 3% of Bitcoin’s total supply of 21 million units.
Despite the continued accumulation, Strategy’s stock (MSTR) has seen a 10% decline year-to-date, contrasting sharply with Bitcoin’s 15% gain over the same period. Shares were down 2.04% in pre-market trading after closing Friday with a 5.87% gain at USD $269.51.
The recent decline in Bitcoin’s price below USD $108,000 is also impacting the company’s immediate “paper gains.” The total valuation of Strategy’s BTC stash is currently around USD $68.9 billion, a decrease from approximately USD $74 billion just a week prior.
Bitcoin closed October with its first negative monthly performance since 2018. The cryptocurrency experienced a volatile month, hitting a new high above USD $126,000 before a momentary drop below USD $105,000. Bitcoin was trading around USD $107,600 at the time of this report.
The recent purchases were funded by proceeds from market sales of Strategy’s Class A common shares and various perpetual preferred shares. This activity aligns with the company’s “42/42” plan, which aims to raise USD $84 billion through equity and convertible note offerings for Bitcoin acquisitions through 2027.
Strategy reported third-quarter 2025 earnings of USD $2.8 billion last week. This marked a significant drop from its record USD $10 billion in the preceding quarter.
During the third quarter, the company added approximately 43,000 bitcoins. It also revealed an ambitious “global credit” expansion plan, aiming to become a leading global issuer of digital asset-backed bonds and securities outside the United States.
Strategy holds the top position among public companies with Bitcoin treasuries, surpassing competitors like MARA and Twenty One. Over 200 companies globally have adopted similar Bitcoin accumulation strategies.