Bitcoin News Today: MicroStrategy's Bitcoin Push Contrasts with Corporate Buying Slowdown

MicroStrategy's Daily Bitcoin Purchases Continue Amidst Rumors

MicroStrategy Inc. (MSTR) remains steadfast in its aggressive Bitcoin accumulation strategy, recently acquiring 487 Bitcoin for approximately $49.9 million at an average price of $102,557 per coin. This brings the company's total holdings to 641,692 BTC, valued at over $47.5 billion at current prices. The purchase, announced by CEO Michael Saylor on November 10, 2025, underscores MicroStrategy's commitment to treating Bitcoin as a core treasury asset despite recent market volatility.

MicroStrategy's strategy has positioned it as the largest corporate holder of Bitcoin, with its holdings representing roughly 3.1% of the total supply. Saylor has consistently emphasized Bitcoin's role as a "digital capital" and a hedge against inflation, a stance reinforced by the firm's low leverage and long-term holding approach. MicroStrategy's leverage ratio remains below 1.15 times, with debt maturities extending over four years, allowing it to weather significant price corrections.

Market dynamics, however, present mixed signals. Bitcoin's price has fluctuated near the mid-$90,000 range, supported by institutional buying but pressured by macroeconomic uncertainties. Analysts note that Bitcoin's performance has historically lagged MicroStrategy's stock price by several months, raising concerns about potential further declines if the trend continues. Meanwhile, the U.S. government shutdown has dampened broader market sentiment, though some experts suggest a post-resolution rally could benefit crypto markets according to analysis.

Institutional confidence in MicroStrategy's strategy remains strong. Japanese banking giant Mitsubishi UFJ Financial Group (MUFG) increased its stake in MicroStrategy by 15.9% in Q2 2025, raising its holdings to 232,967 shares valued at $94.17 million. This move highlights growing interest from traditional finance institutions in crypto-linked equities. Conversely, SBI Securities reduced its MicroStrategy stake by 2,589 shares in Q2 2025, reflecting routine portfolio adjustments.

MicroStrategy's stock has traded at a slight discount to its net asset value (mNAV), currently at 0.99x, according to its Bitcoin Strategy Tracker. Analysts like Dr. Julian Hosp argue that the ratio could fall further unless Saylor intervenes to support the share price. Despite this, the company's year-to-date BTC yield stands at 26.1%, demonstrating the effectiveness of its accumulation model.

The broader Bitcoin treasury market has faced headwinds, with corporate buying pressure slowing to a 12-month low of 656 BTC per day in October 2025. Weaker mNAV multiples - 50% of pure-play BTC treasury firms now trade below their NAV - have led some companies to sell portions of their holdings to cover obligations. MicroStrategy, however, continues to defy this trend, recently raising $770 million through preferred stock offerings to fund further purchases according to reports.

Saylor has dismissed rumors of Bitcoin sales, reaffirming MicroStrategy's "insatiable" appetite for BTC. He emphasized that the firm's balance sheet remains stable, with no imminent debt triggers, and reiterated a long-term bullish outlook. "Bitcoin is always a good investment," Saylor stated in a November 14 interview with CNBC, noting its 50% annualized growth over the past five years compared to traditional assets.

As the crypto market navigates regulatory and macroeconomic uncertainties, MicroStrategy's strategy highlights the growing intersection of traditional finance and digital assets. With Bitcoin's role in corporate treasuries expanding and institutional adoption accelerating, the company's actions could influence broader market trends in the coming months.