Strategy (formerly MicroStrategy), one of the largest corporate holders of Bitcoin, has added 487 BTC to its digital asset portfolio, a purchase valued at $49.9 million, according to co-founder Michael Saylor.
Since the beginning of November, the company has acquired a total of 884 BTC, with 778 BTC purchased in October alone. As of November 9, 2025, Strategy controlled 641,692 BTC in total.
The average price per coin in the latest transaction was $102,557, while the overall average for the portfolio remains $74,079. The total Bitcoin reserve is currently estimated at $47.54 billion. Saylor reports that the investment return has reached 26.1%.
The company’s Market Net Asset Value (mNAV)—a metric comparing Strategy’s market capitalization to its Bitcoin holdings—fell to 1.25 as of November 10. While still within the premium zone, this figure is approaching a threshold level:
[Graph/Chart: mNAV Trend for Strategy]
In its third-quarter 2025 report, Strategy recorded a net profit of $2.8 billion. Despite this strong performance, the pace of Bitcoin acquisitions has slowed. By comparison, the company purchased 778 BTC in October, 7,574 BTC in September, and 3,666 BTC in August.
The reduced acquisition rate is attributed to two main factors: market volatility in the crypto space and a decline in the company’s Class A shares (MSTR). Over the past month, MSTR has fallen approximately 24.4%.
Strategy’s continued commitment to Bitcoin, despite market fluctuations, signals a long-term corporate strategy aimed at strengthening its crypto position, even as external conditions and stock performance influence buying behavior.
