Mon Nov 17 14:30:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

MicroStrategy Makes Massive Bitcoin Purchase, Boosts Holdings to Nearly 650,000 BTC

NEW YORK, NY – Michael Saylor’s MicroStrategy (MSTR) has made a significant splash in the Bitcoin market with the acquisition of 8,178 BTC for $835.6 million, averaging $102,171 per coin. This marks a return to substantial purchases for the company, which had largely slowed down its buying pace in recent months due to a declining stock price.

The acquisition was primarily funded through the sale of its preferred stock offerings, STRE (Steam) and STRC (Stretch), which collectively raised over $846 million. The STRE offering, targeting European investors, generated approximately $715 million, while the STRC series contributed another $131.4 million.

With this latest buy, MicroStrategy now holds a staggering 649,870 BTC, acquired at an average price of $74,433 each, totaling approximately $48.37 billion.

The company’s renewed buying spree comes at a time when its stock price has faced considerable pressure, dropping approximately 56% in the last four months. Trading around $199 early Monday, MSTR’s enterprise value is now only slightly above the value of its Bitcoin holdings, making further common stock issuances potentially dilutive for shareholders.

Bitcoin is currently trading at around $94,500, slightly down from Friday’s levels.

This significant investment further solidifies MicroStrategy’s position as a major player in the Bitcoin market.

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