Breaking: Michael Saylor’s Strategy Buys 487 Bitcoin as Crypto Market Rebounds

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.

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.