Strategy Buys 397 Bitcoin, Total Holdings Reach 641,205 BTC

Highlights:

• Strategy added 397 Bitcoin this week, spending $45.6 million at $114,771 each.
• Total Bitcoin holdings now reach 641,205 coins, worth approximately $69 billion currently.
• Strategy’s stock rose 5.9% despite slower third-quarter Bitcoin purchases this year.

Michael Saylor’s Bitcoin company, Strategy (formerly MicroStrategy), has again boosted its Bitcoin holdings. According to a Form 8-K filing submitted to the SEC on November 3, the firm added 397 Bitcoin to its treasury, spending about $45.6 million. Each Bitcoin cost around $114,771, and the purchases happened between October 27 and November 2.

Strategy paid for its latest Bitcoin purchase using several At-The-Market programs, which shows it can still raise money for its treasury. Between October 27 and November 2, the company raised $8.4 million through STRF ATM with 76,017 shares, $4.4 million through STRK ATM with 49,374 shares, $2.3 million from STRD ATM with 29,065 shares, and $54.4 million through MSTR ATM with 183,501 shares. The total net proceeds came to $69.5 million.

The company is using a mix of regular and preferred stock to fund its Bitcoin purchases. Its new “42/42” plan aims to raise $84 billion through equity and convertible notes by 2027. This plan replaced the old “21/21” plan after the first round was fully used.

Saylor announced on X that the company has made a 26.1% return on Bitcoin so far this year. He said the gains reflect Strategy’s continued trust in Bitcoin as its primary treasury asset.

Strategy Holds Bitcoin Worth Approximately $69 Billion

Strategy now owns 641,205 Bitcoin, worth about $69 billion. The coins were bought at an average price of $74,057 each, costing the company roughly $47.5 billion, including fees, according to its co-founder and executive chairman. This holding is more than 3% of Bitcoin’s total 21 million supply and represents around $21.5 billion in paper gains at current prices.

Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD 2025. As of 11/2/2025, we hodl 641,205 $BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin. $MSTR $STRC $STRK $STRF $STRD https://t.co/gEuzDaloRb

— Michael Saylor (@saylor) November 3, 2025

Saylor gave a hint about the company’s latest Bitcoin buys before they happened. On Sunday, he shared an update on Strategy’s Bitcoin tracker, saying, “Orange is the color of November.”

The move comes as Bitcoin’s price showed volatility. It is now trading at $107,459, reflecting a 3% decrease over the past 24 hours. Analysts say the crypto market could drop, and Bitcoin might fall to $106,000. 

Strategy Stock Climbs After Lower-Than-Expected Bitcoin Purchases

Strategy’s stock went up 5.9% on Friday, closing at $269.51. The company reported $2.8 billion in profit for the third quarter, much lower than $10 billion in the previous quarter. Even so, earnings beat analysts’ expectations. The company made $8.42 per share, above the $8.15 expected. Still, this was Strategy’s weakest quarter since it started using fair-value accounting in January.

In the third quarter, Strategy bought about 43,000 Bitcoin. This is the slowest buying quarter for the company this year. In comparison, it bought 69,000 BTC in Q2 and over 80,000 BTC in Q1. Weekly Bitcoin purchases have slowed down as the company’s mNAV premium weakened.

The corporate Bitcoin space has grown a lot in 2025. New companies have joined from different regions. According to Bitcoin Treasuries data, 192 public companies now hold Bitcoin in some form, and Strategy is the largest corporate holder.