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Strategy Buys 487 More BTC, Lifting Treasury to 641,692 Coins

The company tapped perpetual preferred stock programs to fund the purchase without issuing new debt.

Overview

  • A fresh SEC filing shows Strategy bought 487 BTC between November 3 and 9 for $49.9 million at an average price of $102,557 per coin.
  • Proceeds came from at-the-market sales of its STRF, STRK, STRC, and STRD perpetual preferred shares rather than common stock or new borrowing.
  • The firm now holds 641,692 BTC acquired for about $47.54 billion in total, reflecting an average cost of roughly $74,079 per bitcoin.
  • At recent prices near $105,000–$106,000, the holdings are valued around $67–$68 billion, reinforcing Strategy’s position as the largest corporate bitcoin owner.
  • Reporting highlights remaining fundraising capacity and an explicit plan for continued accumulation, while analysts flag concentration and liquidity risks tied to bitcoin price volatility.