Key Insights:
- Michael Saylor’s firm Strategy purchased an additional 397 BTC for $45 million at an average price of $114,771 per Bitcoin.
- Despite Bitcoin’s weak performance in October, MicroStrategy continues to raise capital through equity and yield instruments to fund purchases.
- MSTR stock continues to show weakness despite strong Q3 results and its potential entry into the S&P 500.
Michael Saylor’s strategy (NASDAQ: MSTR) has once again helped stabilize the Bitcoin price dips. The company purchased an additional 397 BTC for an additional investment of $45 million. This bold purchase comes just when BTC has been under strong selling pressure with the ‘Uptober’ rally ending in a negative territory.
Michael Saylor’s Strategy Adds 397 Bitcoins
Strategy founder Michael Saylor announced today the purchase of an additional 397 Bitcoin earlier today. The latest purchase happened at an average price of $114,771 per BTC.
According to Saylor, the firm has achieved a Bitcoin yield of 26.1% year-to-date (YTD) in 2025. As of November 2, 2025, MicroStrategy now holds a total of 641,205 BTC, purchased for about $47.49 billion at an average price of $74,057 per Bitcoin.
Despite the poor performance of Bitcoin and crypto in October, Saylor remains optimistic for November. On Sunday, November 2, Saylor tweeted on his X profile: “Orange is the color of November,” hinting at more purchases coming this month.
Although Strategy has kept up with the tradition of buying Bitcoins every week, its potential impact on the BTC price or MSTR stock has been negligible. Following the latest purchase, BTC critic Peter Schiff wrote:
You are not buying nearly enough Bitcoin to support the price, which will likely continue to decline unless you back up the truck. Notice how Bitcoin is already trading 6% below your average cost of last week’s buy.
Can Strategy Continue With Future Bitcoin Purchases?
Last week, Michael Saylor’s Strategy announced stellar Q3 results, beating Street estimates, with a net income of $2.18 billion. This was a sharp reversal from the $340 million losses during the same period last year.
However, many have expressed doubts about whether Saylor can continue raising funds for further BTC purchases. In response to the critics, market expert Adam Livingston shared the complete roadmap for how Strategy is gaining strength.
Livingston highlighted that MicroStrategy continues its ongoing strategy of issuing equity and yield instruments to accumulate Bitcoin. According to him, the capital raise included 183,501 MSTR shares generating $54.4 million (78.3%), 76,017 STRF shares raising $8.4 million (12.1%), 49,374 STRK shares bringing in $4.4 million (6.3%), and 29,065 STRD shares contributing $2.3 million (3.3%).
While Saylor has been accumulating at one end, Bitcoin OG whales and long-term holders have been selling. On the other hand, flows into spot Bitcoin ETFs have also turned negative showing that institutional sentiment is waning.
Blockchain analytics firm Glassnode reported that BlackRock’s spot Bitcoin ETF has recorded less than 600 BTC in weekly net inflows over the past three weeks. This marks a sharp drop from the more than 10,000 BTC in weekly inflows seen before previous major rallies this cycle. The data suggests a significant slowdown in institutional demand for Bitcoin.
MSTR Stock Faces Selling Pressure Again
The MSTR stock price has once again come under selling pressure, dropping 2% and is currently trading at $264. This Bitcoin firm stock has been underperforming with a 30% downside over the past six months.
Following stellar Q3 results, market analysts are optimistic that the MSTR stock could soon be added to the S&P 500. Benchmark analyst Mark Palmer reiterated a Buy rating on MicroStrategy (MSTR), setting a price target of $705. The target implies a potential 164% upside, which represents $3.9 billion in unrealized Bitcoin gains for the company during the third quarter.
The post Breaking: Strategy Adds 397 BTC Worth 45 Million and Now Holds 641205 appeared first on The Market Periodical.
