Key Insights:
- MSTR stock pumps 3% as Strategy purchased 487 BTC for $49.9 million.
- Strategy expands its total Bitcoin holdings to 641,692 BTC.
- Bitcoin price jumped above $106K today as the Senate voted to end the government shutdown.
MSTR stock rebounds as Bitcoin price climbs above $106K today. Strategy, previously MicroStrategy, on Monday said it has acquired another 487 BTC for $49.9 million.
With the latest purchase, Michael Saylor’s Bitcoin treasury firm Strategy expanded its total Bitcoin holdings to 641,692 BTC. The firm’s buying has further boosted sentiment in the crypto industry.
Michael Saylor’s Strategy Buys $49.9 Million in Bitcoin
According to a press release on November 10, Strategy (previously MicroStrategy) purchased 487 BTC at an average price of $102,557 per coin between November 3 and 9.
The largest corporate Bitcoin treasury purchased these BTC using proceeds from the STRF, STRC, STRK, and STRD shares at-the-market (ATM) offerings.
Executive chairman Michael Saylor revealed that the company’s BTC Yield has reached 26.1% year-to-date (YTD) 2025.
Strategy has increased its Bitcoin stash to 641,692 BTC. These were acquired for $47.54 billion at an average of $74,079 per coin.
Last week, Michael Saylor’s Strategy acquired 397 BTC for $45.6 million at an average of $114,771 per coin. The latest drop in Bitcoin price enabled the company to purchase more BTC.
The company’s holdings are valued at $68.29 billion as compared to its total investment of $47.54 billion. This makes Strategy sitting at nearly $20.75 billion in unrealized gains.
MSTR Stock Climbs 3% Amid Positive Sentiment
At the time of writing, MSTR stock jumped more than 3% to $249.74 in pre-market trading hours on Monday. This signals positive sentiment among investors as Bitcoin price rebounded.
MSTR stock closed 1.99% higher at $241.93 on Friday. However, Strategy stock performance continued to drop due to the crypto market crash last month, with the YTD 2025 return dropping to 16% loss.
As The Coin Republic reported, Strategy (formerly MicroStrategy) has upsized the STRE perpetual preferred stock offering from €350 million to €620 million.
Also, the company reported $8.42 earnings per diluted share in Q3, above Wall Street’s estimate of $8.15. These helped boost sentiment in the market.
Bitcoin Price Jumps Above $106K
BTC price soared above $106K in the past 24 hours, recovering more than 4% amid sentiment surrounding the potential end of the US government shutdown this week.
At the time of writing, the price was trading at $106,440, with a 24-hour low and high of $102,767 and $106,564, respectively.
Furthermore, the trading volume has increased by 45% in the last 24 hours, indicating interest among traders. Investors now await further cues from the House voting on Wednesday.
Meanwhile, CoinGlass data showed buying in the derivatives market. At the time of writing, the total BTC futures open interest jumped 0.10% in the past hour.
Total futures open interest jumped 4.30% to $69.95 billion in the last 24 hours. This signals bullish sentiment among traders amid positive developments.