Strategy Corporation, formerly known as MicroStrategy, announced the purchase of 487 bitcoins worth approximately $49.9 million. The company's co-founder, Michael Saylor, announced the purchase. According to official data, Strategy's total reserves reached 641,692 BTC as of November 9, 2025.
Since the beginning of the month, the company has acquired 884 BTC, and 778 BTC in October. The average price of the most recent purchase was $102,557 per coin, while the average value of the entire portfolio is estimated at $74,079 per BTC. This brings Strategy's total bitcoin holdings to approximately $47.54 billion, with a return on investment of approximately 26.1%.
According to the company, the mNAV (Market Net Asset Value) index, which measures the ratio of market capitalization to the value of a cryptocurrency portfolio, fell to 1.25 as of November 10. While the indicator still reflects a premium, it is approaching a critical level, which may indicate a correction in investor interest.
Despite a positive financial result for Q3 2025—net profit of $2.8 billion—Strategy is gradually reducing its Bitcoin purchases. For comparison, the company purchased 7,574 BTC in September and 3,666 BTC in August, significantly exceeding its autumn levels.
Experts attribute the decline in investment activity to the unstable cryptocurrency market and the decline in the price of Class A shares (MSTR). Over the past month, their Nasdaq share price has fallen by approximately 24.4%, putting pressure on the strategy for further purchases.
Nevertheless, Michael Saylor's strategy of holding Bitcoin long-term remains unchanged. The company continues to adhere to its policy of accumulating digital gold, considering it a key element of corporate assets.
Analysts note that even with a slower pace of acquisitions, Strategy maintains its leadership among publicly traded companies in terms of Bitcoin holdings. This approach strengthens investor confidence in the firm, which has long been one of the largest and most consistent supporters of cryptocurrency.
While market volatility and stock fluctuations create temporary risks, Strategy's long-term position demonstrates resilience and confidence in Bitcoin's potential as a means of preserving capital.