With a New $962M Buy, MicroStrategy’s Bitcoin Treasury Climbs Past 660,000 BTC

• Michael Saylor and Strategy are heavily investing in Bitcoin, adding 10,624 more BTC to their already significant holdings, despite a tough year for their stock.

• Saylor is positioning Bitcoin as "digital capital" to sovereign wealth funds and banks, suggesting it's the basis for a new yield-bearing asset class.

• Despite Strategy's stock decline, the company maintains substantial unrealized gains on its Bitcoin investments and continues to dispel doubts about their financial stability.

Strategy chairman Michael Saylor continues to make waves in the financial world as he positions Bitcoin as "digital capital," aiming to establish it as the cornerstone of a new breed of yield-bearing credit assets. This ambitious vision aligns with Strategy's recent acquisition of approximately $1 billion in Bitcoin—10,624 bitcoins—purchased at an average price of $90,615 per coin. This bold move brings the company's total Bitcoin holdings to 660,624 BTC.

The timing of this substantial purchase is noteworthy, as it coincides with a decline in Strategy's stock price. Currently trading at around $178.99, down 51% over the past year, the company is undeterred, buoyed by significant unrealized gains on its BTC investments. As reported by BitcoinTreasuries.NET, Strategy's current Bitcoin holdings are valued at approximately $60 billion, which is over 22% more than its total acquisition cost of $49.35 billion.

At the Bitcoin MENA event in Abu Dhabi, Saylor emphasized Bitcoin's potential, presenting it as a revolutionary form of digital capital to decision-makers in sovereign wealth funds, banks, and family offices. “Bitcoin is digital gold," he said, advocating for a new asset class called digital credit, designed to reduce volatility and provide yield. Despite pressure on Strategy's stock and looming concerns about the company's capacity to manage its financial obligations, Saylor remains assertive about their Bitcoin strategy.

In reaction to these concerns, Strategy effectively raised $1.44 billion to address fears and uncertainties regarding their financial stability and commitment to meeting debt obligations. "We won't back down from our Bitcoin bet," Saylor recently reiterated on social media, reinforcing his unwavering support for the cryptocurrency.

November proved challenging for digital asset treasuries (DATs), which recorded their slowest month of inflows in 2025, totaling only $1.32 billion, down 34% from October. Yet, Bitcoin-focused entities, propelled by Strategy’s significant $835 million purchase on November 17, counterbalanced the downturn, despite Ether-focused DATs experiencing a $37 million outflow.