On November 8, Michael Saylor re-promoted his company’s Bitcoin portfolio as the market went through a sharp correction. Its chart now shows 849,327 BTC, valued at $64.44 billion. This publication raises questions about the timing of upcoming purchases. However, she does not confirm any recent operations. To understand this signal, one must examine past acquisitions, available reserves and the role of preferred shares in financing its overall strategy.
In brief
- Michael Saylor posts a chart showing 849,327 BTC held by Strategy, valued at $64.44 billion.
- The tracker identifies 120 purchase transactions since August 2020, with an average cost of $75,446 per bitcoin.
- The latest confirmed purchase is for 811 BTC, acquired for approximately $65.5 million between October 26 and November 1.
- The return of STRC to $100 could facilitate new issuance to finance bitcoin purchases.
Saylor Releases New Strategy Bitcoin Buying Chart
The founder and executive chairman of Strategy Inc, listed on Nasdaq under the ticker MSTR, Michael Saylor, published this chart on This balance corresponds to the assets communicated by the company the previous week.
Follow-up SaylorTracker counts 120 purchasing operations since the launch of this policy. He estimates the average cost at $75,446 per bitcoin. The orange circles indicate the different entries into the market, in relation to the price movement. A dotted green line represents the average price paid. In its Nov. 2 report, Strategy listed an average of $75,451, including fees and expenses.
This publication recalls a similar message broadcast on November 1. Saylor then showed a portfolio of 848,517 BTC, valued at around $66 billion. The next day, the company confirmed the purchase of 811 bitcoins. However, a comparable graph does not systematically announce a new acquisition. On July 26, the manager shared a follow-up before a week devoted to STRC redemptions and strengthening dollar reserves, without purchasing bitcoins.
Strategy’s Latest Buy Ahead of Market Correction
The latest announced purchase covers the period from October 26 to November 1. Strategy acquired 811 BTC for approximately $65.5 million, at an average price of $80,846 per unit. This operation had increased the portfolio before Saylor’s new publication. It remains the last purchasing movement confirmed in the information communicated. The November 8 chart does not allow us to conclude that the company continued its acquisitions.
To finance this transaction, sales of common stock generated a net $164 million. The company spent 65.5 million on the purchase of bitcoins and allocated the remaining 98.5 million to its cash flow. This distribution shows that not all the funds raised are immediately used to increase the portfolio. Strategy also maintains cash to meet its financial needs. The figures describe several uses of capital over the same period.
THE briefing for investors reports $208.2 million in STRC redemptions. This preferred variable rate security bears the commercial name “Stretch”. As of November 1, dollar assets reached approximately 4.92 billion. This total included a reserve of 4.79 billion and 132.7 million in separate cash. The reserve covers preferred stock dividends and debt interest, while the other balance meets general expenses.
Bitcoin portfolio valuation declines despite acquisitions
The value of the wallet has decreased, despite the increase in the number of bitcoins held. It stood at $64.44 billion, compared to around $66 billion a week earlier. This difference reflects the decline in price, and not a drop in the number of coins. At 849,327 BTC, a $1,000 change in bitcoin changes the market value by approximately 849.3 million. This calculation assumes that the balance remains unchanged.
On November 5, Saylor commented on the correction in the financial markets. It indicated a decline of 4.4% for the S&P 500 and 5.5% for the Nasdaq. Bitcoin had lost around 5% that day, according to the figures shared. In the same message, he highlighted the closing price of STRC, at $99.56. This level was slightly below its nominal value of $100.
The STRC had returned to the threshold of 100 dollars on November 4after several months of redemptions. The company also implemented daily dividend accrual. These run every calendar day, including weekends and holidays. Payments are generally made on business days. This mechanism distinguishes the calculation of dividends from their actual payment and supports the operation of the security.
STRC Return to $100 Could Support Strategy Buys
A sustainable listing above $100 could facilitate a new issuance of STRC. Strategy would then have additional leverage to finance bitcoin purchases. This possibility, however, depends on management choices and market conditions. The return to the nominal threshold constitutes neither an announcement of issue nor a confirmation of purchase. It represents an element to follow when evaluating the available financing options.
On November 7, Saylor had presented a history of bitcoin financing and his business model. It combined transferable shares, preferred securities and the issuance of securities. These instruments give their holders distinct ownership and payment rights. Strategy thus combines a reserve of bitcoins with several sources of financing. This architecture distinguishes the holding of digital assets from commitments linked to the securities issued.
Stretch’s initial offering closed in July 2025. It raised approximately $2.521 billion before fees. According to available information, the net proceeds had financed the acquisition of 21,021 BTC. This example illustrates the link between the issuance of preferred securities and the accumulation of bitcoins. However, it does not allow us to assume that a similar operation will follow the publication of November 8.
The next figures will make it possible to determine whether Michael Saylor has indeed restarted acquisitions. In the meantime, Strategy’s portfolio remains exposed to fluctuations in bitcoin, while STRC represents a potential financing tool. The company’s next official communication will therefore be decisive in distinguishing a basic graphic publication from a real resumption of purchases.
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