Bitcoin Updates: Michael Saylor Continues to Acquire BTC Despite Market Slump, Holdings Remain Robust

The recent drop in Bitcoin's value has put Michael Saylor's

Inc. (MSTR) under pressure to prove the effectiveness of its bold accumulation approach, yet the company’s substantial reserves remain in the black despite ongoing market swings. During the week of November 10–16, Strategy acquired 8,178 BTC for $835.6 million, increasing its total stash to 649,870 BTC. These holdings are now worth about $48.37 billion, with an average acquisition cost of $74,433 per bitcoin . This purchase, made possible by issuing preferred shares, highlights the company’s steadfast belief in Bitcoin as a core long-term reserve.

Data from CryptoQuant on unrealized profit and loss (uPnL) shows that Strategy’s Bitcoin position has stayed profitable through several market corrections, with the average entry price well below the current $90,000+ level . “Bitcoin is an exponential treasury asset,” Saylor commented, downplaying worries about short-term price swings. As of November 16, 2025, the company’s BTC Yield had reached 27.8% for the year, of its investment portfolio.

This latest acquisition is Strategy’s biggest Bitcoin buy since July, taking place during a broader market downturn. Bitcoin’s price slipped below $95,000 for the first time in seven months, sparking concerns of further losses.

in a 38% probability that Bitcoin could fall under $80,000. Nevertheless, Saylor dismissed speculation about selling, telling CNBC, “We are buying bitcoin,” and teased “surprising” future moves . Initial on-chain activity led to rumors of a sale, but analytics provider clarified that the transactions internal custodial transfers.

Technical signals indicate the market could be approaching a short-term low.

that Bitcoin’s Net Unrealized Profit (NUP) stands at 0.476, a level that has historically marked short-term support. Furthermore, on the 4-hour chart points to a possible breakout toward $120,000 if Bitcoin holds above key support levels.

Strategy’s acquisition was largely financed by issuing preferred shares, with the most recent purchase backed by a €620 million offering that netted $703.9 million after expenses

. However, as Bitcoin’s price has dropped, these euro-denominated preferred shares have lost value and now trade below their original 80-cent price . Despite this, Saylor remains optimistic, Bitcoin balance sheet to enable new Bitcoin-based credit products and financial services.

Although MSTR’s stock has declined 35% so far this year,

ratio has dropped below 1, a threshold often seen as a sign of undervaluation. Saylor maintains that the company’s leverage is “fractional,” with no immediate risk of forced liquidation, and insists that Bitcoin will outperform conventional assets over the long run. “Zoom out,” he advised, average annual growth rate over the last five years.