487 new BTC for Strategy, Saylor's appetite does not wane

Michael Saylor steps on the gas again. In a turbulent crypto market, his company Strategy Inc., formerly MicroStrategy, continues stacking bitcoins. Its stock wobbles, markets doubt, but he, unshaken, moves forward. Conviction or stubbornness? For Saylor, bitcoin is not a simple accounting line but a bastion against monetary erosion. And even in the heart of the storm, he continues accumulating.

An accumulation tactic without dilution

Between November 3 and 9, 2025, Strategy, after an announcement of massive accumulation, bought 487 BTC for $49.9 million, at an average price of $102,557 per unit. This new purchase brings its total stock to 641,692 BTC, a treasure equivalent to more than $67 billion.

But where many would raise funds by issuing classic securities, Strategy prefers preferred shares: STRF, STRK, STRC, STRD. This avoids dilution of historical shareholders. Meanwhile, the beaten-down MSTR stock rose 3.2% in pre-market after this announcement.

Michael Saylor, in a concise but revealing tweet, confirmed:

Strategy acquired 487 BTC for about 49.9 million dollars, at an average price of 102,557 dollars per bitcoin, and achieved a 26.1% return on BTC since the beginning of 2025.

Bitcoin as a banner, crypto as a course

Saylor has never hidden his project: to make bitcoin a global digital property, a store of value for an inflationary 21st century. And he repeats it to anyone who will listen. Not just on Twitter. In every Strategy report, accumulation is assumed.

But this vision is anchored in a transforming crypto landscape. Ethereum, Solana, even the DeFi sector are scrutinized. Yet, Strategy remains loyal to BTC. With a price around $106,000, it pursues its trench strategy, accumulating amid volatility.

What distinguishes Strategy is its regularity. Even when the market doubts, it buys. Even when MSTR loses 60% over the year, it injects. The message is clear: conviction above all.

Macro vision, weak signals, and institutional return

Several analysts share this view on bitcoin, even if less radical. Forecasts are adjusted upwards, supported by signs of monetary easing and inflows to crypto ETFs. The macro framework breathes some air into the digital market.

This type of analysis reassures actors like Strategy. Even former detractors are starting to soften their tone. The ex-short seller Jim Chanos, who had criticized MSTR for months, recently closed his short position.

What Strategy accumulates, in numbers

• BTC Price (at the time of writing): $106,156;
• Recent purchase: 487 BTC for $49.9M;
• Total BTC stock: 641,692 BTC;
• Average cost per BTC: $74,079;
• Reported YTD yield: 26.1%.

Alongside this crypto activism, some institutional analysts take an opposite direction. Despite bitcoin’s rise, they turn away from BTC and ETH, judging their performance insufficient. A disaffection that contrasts strongly with Saylor’s enthusiasm.