The price of Bitcoin soared above $106,000 on Monday after Strategy, the world’s largest Bitcoin holder, announced that it had acquired the latest 487 BTC for approximately $49.9 million.
The purchases were made between November 3 and November 9 at an average price of $102,557 per Bitcoin, including fees and expenses, according to SEC filings.
The business intelligence company’s total Bitcoin holdings now stand at 641,692 BTC, acquired at a total purchase price of $47.54 billion and an average price per Bitcoin of $74,079. This latest acquisition marks Strategy’s largest Bitcoin acquisition since late September and demonstrates the company’s continued commitment to its Bitcoin treasury strategy.
The acquisition was funded through multiple preferred stock offerings under Strategy’s at-the-market (ATM) program. Notably, the company utilized the STRC “Stretch” preferred stock series for the first time, raising $26.2 million through the sale of 262,311 shares. Additional funding came from other preferred stock series, including $18.3 million from STRF “Strife” shares, $4.5 million from STRK “Strike” shares, and $1 million from STRD “Stride” shares.
The strategy’s innovative approach to funding Bitcoin acquisitions through the issuance of various preferred shares has created a sustainable model for corporate Bitcoin accumulation. The company recently increased the annualized dividend rate on the STRC series to 10.5%, paid monthly, to attract investors.
Bitcoin price rebound
Bitcoin price reacted positively to this announcement, trading at $106,219 at the time of writing, up 3.12% in the past 24 hours. The market is becoming more stable and mature, and institutional adoption continues to increase despite recent market volatility.
Despite the recent criticism and the decline in Strategy’s stock price, market sentiment appears to be changing. Prominent short seller Jim Chanos recently announced that he is unwinding his position in MSTR, but contrarian investors are keeping an eye on potential bottom signals in the Bitcoin government bond company.
The company’s aggressive accumulation strategy comes amid widespread institutional acceptance of Bitcoin as a Treasury reserve asset. Recent regulatory clarification regarding the handling of Bitcoin in corporate finance operations further strengthens institutional confidence.
This strategy preserves significant capacity for future Bitcoin purchases. The company’s systematic approach to Bitcoin accumulation, combined with transparent reporting and regulatory compliance, continues to provide a blueprint for other companies entering the space.
The corporate Bitcoin financial model has evolved beyond its early adoption into a mainstream financial management strategy. We are seeing unprecedented interest from companies across a variety of sectors and geographies.
This trend looks poised to accelerate through 2026 as more companies adopt Bitcoin treasury strategies and the regulatory framework becomes clearer. With Strategy leading the way and new entrants like Germany’s Ifinyo AG entering the space, corporate Bitcoin adoption could become an established feature of the institutional Bitcoin environment and set the stage for the next stage of Bitcoin’s mainstream integration.