Claim BonusBreaking: Michael Saylor’s Strategy Buys 487 Bitcoin as Crypto Market Rebounds
Highlights
- Strategy bought 487 Bitcoin between November 3 and 9 last week.
- The company's executive chairman Michael Saylor had hinted at the purchase yesterday.
- The MSTR stock is up over 3% in premarket.
Strategy, previously MicroStrategy, bought more Bitcoin last week, continuing to accumulate BTC regardless of current market conditions. This latest purchase comes as the crypto market rebounds, led by Bitcoin. The MSTR stock has also rebounded, having recently plunged alongside the flagship crypto.
Strategy Acquires 487 BTC for $49.9 Million
In a press release, the company announced that it had acquired 487 BTC for $49.9 million at an average price of $102,557 per Bitcoin. It now holds 641,692 BTC, which it acquired for $47.54 billion at an average price of $74,079 per Bitcoin. Strategy has also achieved a BTC yield of 26.1% year-to-date (YTD).
The SEC filing shows that Strategy sold STRF, STRC, STRK, and STRD shares to fund this latest purchase. It raised $18.3 million, $26.2 million, $4.5 million, and $ 1 million from these stock sales, respectively.
As CoinGape reported, Strategy’s executive chairman, Michael Saylor, had hinted about the Bitcoin purchase in an X post yesterday. He posted the company’s BTC portfolio tracker with the caption, ‘₿est Continue,’ indicating that they had bought more despite the recent crash.
₿est Continue pic.twitter.com/gDnOoBH7Ad
— Michael Saylor (@saylor) November 9, 2025
Notably, this purchase comes just as the company announced plans to raise $715 million through its STRE stock to buy more Bitcoin. The company expects to complete the raise by November 13.
Meanwhile, the Strategy stock has rebounded amid the announcement of this latest purchase. TradingView data shows that the stock is up over 3% in premarket trading, trading at around $249 from last week’s close of $241.
This is partly thanks to the crypto market rebound, with Bitcoin rallying to as high as $106,000 today on optimism that the U.S. government shutdown should end soon. BTC and MSTR share a strong positive correlation.
However, the Strategy stock is now down over 19% YTD amid the recent Bitcoin crash below $100,000. The stock was up about 40% this year but has been on a decline since reaching a 2025 high of $455 in July.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. November PPI Inflation Rises To 3%, Bitcoin Unchanged
- Universal Exchange Bitget Taps Football Culture to Promote a One-Stop Crypto Trading Experience
- Aster DEX Review – Is It Safe and Legitimate?
- XRP News: Ripple Secures First EMI License in Luxembourg to Boost Payments in Europe
- Top 3 Reasons Why XRP Price Is Surging Today
- Ethereum Price Prediction as Network Activity Hits ATH Ahead of CLARITY Markup
- Robinhood Stock Price Prediction: How High Could HOOD Go Technically in 2026?
- Cardano Price Prediction as Germany’s DZ Bank Gets MiCAR Approval for Cardano Trading
- Meme Coins Price Prediction: What’s Next for Pepe Coin, Dogecoin, and Shiba Inu Amid Market Rally?
- Standard Chartered Predicts Ethereum Price could reach $40,000 by 2030
- Bitcoin Price Eyes $100k as Core US Inflation Slips Ahead of CLARITY Act Markup
