Key Highlights:
- Strategy bought 8,178 BTC between November 10-16, 2025.
- The funding came from a €620 million preferred-stock offering (STRE) plus at-the-market (ATM) sales of preferred shares STRF, STRC and STRK.
- After this buy, Strategy’s total Bitcoin (BTC) holdings rose to ~649,870 BTC.
Strategy Inc (Nasdaq: STRF, STRC, STRK, STRD, MSTR) has expanded its already massive Bitcoin position, adding another 8,178 BTC between November 10 and November 16, 2025, according to a new Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The acquisition, valued at approximately $835.6 million, was executed at an average price of $102,171 per BTC, inclusive of fees and expenses.
Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9
— Michael Saylor (@saylor) November 17, 2025
The purchases were mainly funded through a recent €620 million preferred stock sale and the company’s ongoing ATM equity program. Funds from both sources were used to expand Strategy’s Bitcoin holdings, continuing its policy of using its treasury to accumulate digital assets.
As of November 16, 2025, Strategy held about 649,870 BTC, bought for a total of roughly $48.37 billion, with an average price of $74,433 per Bitcoin. With current Bitcoin suggests a year-to-date return of around 28%, based on the company’s own calculations.
Preferred Stock and Capital Market Activity
The November 8-K filing provides significant details about Strategy’s capital market activities, reflecting the company’s multi-channel approach to raising funds for its ongoing Bitcoin accumulation strategy.
Under its at-the-market offering programs, Strategy reported total securities sales of approximately $136.1 million during the week ending November 16, 2025. The firm issued the following classes of preferred and common stock under the program:
- STRF (10.00% Series A Perpetual Strife Preferred Stick): 39,957 shares sold for $4.0 million in notional value, yielding net proceeds of $4.4 million.
- STRC (Variable Rate Series A Perpetual Stretch Preferred Stick): 1,313,641 shares sold for $131.4 million, generating $131.2 million in net proceeds.
- STRK (8.00% Series A Perpetual Strike Preferred Stock): 5,513 shares sold for $0.6 million, providing $0.5 million in net proceeds.
The company has not issued any new shares from its STRD or MSTR categories during the same reporting period. The company has recently launched STRE Offering and also played a major role in its funding strategy. Completed on November 13, 2025, the offering involved 7.75 million shares of Strategy’s 10.00% Series A Perpetual Stream Preferred Stock, priced at €80 per share. The sale generated gross proceeds of €620 million ($716 million), with net proceeds of approximately €608.8 million (703.9 million) after underwriting discounts and expenses. Funds were quickly deployed to acquire additional Bitcoin, reflecting the company’s disciplined execution of its corporate mandate.
Buying Bitcoin at Low Prices
Even though Bitcoin is currently very low in price, Strategy is continuing to invest in it. The company sees Bitcoin not just as a short-term investment, but as a long-term investment, but as long-term store of value for its treasury. They are putting money into BTC consistently, showing that they believe in its future growth, no matter how bad the market value of the token is currently.
At press time, the price of the token stands at $94,197.13 with a dip of 1.3% in the last 24-hours as per CoinGecko.
To keep the investors informed, Strategy has a public dashboard on its website, which shows live updates on Bitcoin purchases, and other performance details. This kind of transparency is more common in the crypto world than in traditional companies and it helps investors see exactly how the company is managing its digital assets. By combining steady investment with clear reporting, Strategy is positioning itself as a forward-thinking company that fully integrates Bitcoin into its financial strategy.
Strategy Becomes Largest Corporate Bitcoin Holder
After the latest purchases, Strategy now owns more than 649,000 BTC, making it the world’s largest corporate Bitcoin holder with a balance sheet exposure exceeding $48 billion. Investors are watching its preferred stock programs and ATM activity for future BTC acquisitions.
Also Read: Strategy Bought Bitcoin Daily Despite Its Drop Below $95K
Credit: Source link