Yes, they absolutely did. Strategy, better known as MicroStrategy, just nabbed another 10,624 Bitcoin, bringing their total stash to a mind-boggling 660,624 BTC. Not pocket change. They dropped nearly $963 million on this purchase alone, paying an average of $90,615 per coin. Crazy money for digital money.
The funding came from their recent capital raise – $928.1 million from selling common stock through an ATM offering, plus another $34.9 million from preferred stock sales. That’s almost a billion dollars to buy magic internet money. And people still think crypto is a passing fad.
Their average acquisition cost now sits at $74,696 per Bitcoin. Do the math: with BTC hovering around $92,000-$94,000, their holdings are worth roughly $60 billion. That’s an $11 billion paper gain. Not bad for a company whose stock is down 50% in a year.
Surprisingly, this massive purchase barely moved Bitcoin’s price, which stayed just under $92,000 after the announcement. Bitcoin continues to demonstrate remarkable price stability despite these significant transactions. Strategy’s stock ticked up a measly 2-3% in premarket trading. Underwhelming, given the size of the bet.
Chairman Michael Saylor remains undeterred by stock weakness. He’s all in on Bitcoin as a treasury strategy, despite investor doubts. This approach reflects a clear investment goal aimed at long-term appreciation rather than generating immediate returns. CEO Phong Le keeps reassuring everyone they can handle their obligations. Actions speak louder than words – this is their largest BTC buy in six months.
The purchase happened between December 1-7, 2025. It’s worth noting that digital asset treasuries saw their slowest inflow month in November. Strategy’s move stands out in a cautious market.
Total scorecard: 660,624 BTC at a cost of $49.35 billion. Some industry figures are praising the move as smart balance sheet management. Others think they’re nuts. Either way, Strategy’s Bitcoin conviction remains unshaken. The company still has significant issuance capacity remaining with $13.45 billion in common stock and over $26 billion in preferred offerings.
