Strategy bought a record 8,178 BTC after daily purchases for a week.
Strategy reported its largest weekly purchase of Bitcoin (BTC) in four months.
The company announced the acquisition of 8,178 BTC worth approximately $835.6 million at an average price of $102,171 per coin.
The acquisitions were made possible, in part, by increasing the volume of STRE's preferred shares in Europe to 7.75 million. According to the company's estimates, this allowed it to raise $715 million, which was also used for the asset purchase.
According to Strategy:
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current reserves are 649,870 BTC,
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their total cost upon purchase is $48.37 billion,
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average purchase price: $74,433,
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BTC Yield has reached 27.8% since the beginning of 2025.
On the topic: Bitcoin is not a “magic anarcho-capitalist Swiss army knife” — Nick Szabo
The corporation's CEO, Michael Saylor, said that the company had been buying Bitcoin every day throughout the past week.
Bitcoin purchase chart since 2020. Source: Strategy.
Early last week, on November 10th, Strategy reported the purchase of 487 BTC, its first transaction without selling MSTR shares.
The current volume is the largest in the last four months. The company only purchased more in July—21,021 BTC at an average price of $118,940.
Bitcoin purchasing chart. Source: Strategy.
On the topic: Bitcoin has updated its minimum below $95,000 amid the “dumping of coins” Strategy
Criticism of the Strategy Model
Meanwhile, some investors regularly accuse the company of an illogical strategy, which, they say, leads to losses for shareholders.
The company also received criticism from economist and Bitcoin skeptic Peter Schiff, who called Strategy's business model a “fraud” and claimed the company “will be unable to honor its high-yield preferred stock obligations.”
“Once the management realizes this, they will dump the securities. […] Regardless of what happens to Bitcoin, I am convinced that Strategy is headed for bankruptcy,” he warned.
He also stated that he would discuss his position with Michael Saylor at the Binance Blockchain Week conference.
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Source: cryptonews.net
