Bitaigen Research 
Strategy announced that after a recent $962 million top‑up of its Bitcoin holdings, the company’s position now surpasses 660,000 BTC, placing it among the largest corporate Bitcoin reserves in the industry.
Michael Saylor posted on X that Strategy bought 10,624 BTC last week at an average price of $90,615 per coin, amounting to roughly $962.7 million. The transaction brings the firm’s cumulative Bitcoin balance to 660,624 BTC, with an aggregate cost basis of about $49.35 billion, or an average entry price of $74,696 per BTC.
The additional purchase comes at a time when Strategy’s equity price is under pressure. According to Google Finance, the stock has been trading around $178.99, representing a 51 % decline over the past twelve months. Despite the share‑price weakness, the company still enjoys tens of billions of dollars in unrealized gains on its Bitcoin holdings. Data from BitcoinTreasuries.NET indicate that the current market value of Strategy’s BTC stash is roughly $60 billion, which is more than 22 % above its recorded cost basis.
Strategy’s Bitcoin holding has generated a 22 % unrealized profit. Source: BitcoinTreasuries.NET
Starting from Strategy’s recent large‑scale Bitcoin accumulation, we dissect the underlying capital allocation and cost structure, and evaluate the potential impact on the company’s market valuation and the broader industry landscape. The article also provides an in‑depth analysis of the unrealized gains tied to the Bitcoin position, helping readers identify key market signals.
Saylor promotes BTC to sovereign wealth funds as digital capital
Speaking at the Bitcoin MENA conference in Abu Dhabi, Michael Saylor said he continues to engage sovereign wealth funds, banks and family offices to promote BTC as digital capital.
- “Our message is straightforward,” Saylor stated, “Bitcoin is digital capital, digital gold.”
- “On top of digital capital we have built a new asset class—digital credit—which strips out capital volatility and delivers yield.”
Even though Strategy’s share price has slipped, Saylor remains confident in the asset and recently emphasized on social media that the company “will not abandon” its BTC bet.
To mitigate market panic and eliminate uncertainty (FUD), Strategy recently raised $1.44 billion. CEO Phong Le explained that some investors were worried that a sharp equity decline could jeopardize the firm’s ability to meet debt and dividend obligations, thereby increasing short‑selling pressure on BTC.
DAT inflows hit a 12‑month low in November 2025
- DAT (Digital Asset Treasury) inflows for November amounted to $1.32 billion, a 34 % drop from October, according to DefiLlama data.
- Bitcoin was the primary inflow asset that month, largely driven by Strategy’s $835 million purchase on November 17.
- Ethereum‑focused DAT saw a net outflow of roughly $37 million.
Strategy’s latest Bitcoin purchase occurs against a backdrop of slowing overall digital‑asset inflows, underscoring its long‑term commitment to BTC.
Note for U.S. readers: Transactions involving Bitcoin are typically executed over‑the‑counter or through regulated exchanges. U.S. investors who wish to trade cryptocurrencies should use platforms such as Binance.US or other compliant services rather than the global Binance site.
Tax reminder: Gains realized from cryptocurrency transactions may be subject to tax in your local jurisdiction. Consult a tax professional to understand your obligations.
The above provides a comprehensive overview of Strategy’s Bitcoin reserve surpassing 660,000 BTC after the additional $962 million purchase. For further coverage on the 660,000‑plus Bitcoin reserve, stay tuned to Bitaigen (比特根) and its related articles.
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- Bitcoin Breaks $90k, Ethereum $2k: Technical Analysis Tips
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