Bitcoin News Today: MicroStrategy's Bitcoin Holdings Now Outvalue Company

MicroStrategy Inc.'s market capitalization has dipped below the value of its Bitcoin holdings, a milestone underscoring the company's aggressive crypto treasury strategy and its bet on the digital asset as a long-term store of value. The firm, founded by Michael Saylor, now holds 641,692 Bitcoin, acquired for $47.54 billion at an average cost of $74,079 per coin.

With Bitcoin trading at a price that values the entire holding above MicroStrategy's stock market valuation, the company's balance sheet transformation has positioned it as a bellwether for corporate adoption of crypto assets according to recent reports.

The recent purchase of 487 Bitcoin for $49.9 million, announced on November 10, 2025, brought MicroStrategy's total holdings to 641,692 BTC. This acquisition, made at an average price of $102,557 per coin, reflects the company's continued buying spree despite Bitcoin's price exceeding $100,000. Saylor highlighted a 26.1% Bitcoin yield year-to-date in 2025, demonstrating the profitability of the firm's strategy. The purchases are part of a disciplined accumulation approach initiated in 2020, with the firm averaging its cost basis through purchases during various market cycles. For instance, between October 27 and November 2, 2025, MicroStrategy added 397 BTC for $45.6 million at $114,771 per coin, further lowering its average cost.

The firm's treasury strategy has been validated by its financial performance. In Q3 2025, MicroStrategy reported a $2.8 billion profit, largely driven by the appreciation of its Bitcoin holdings. Saylor has long argued that Bitcoin's scarcity and resistance to inflation make it superior to traditional treasury assets like cash or government bonds. "Bitcoin is the future digital scarcity standard," he stated, reinforcing the company's commitment to perpetual accumulation regardless of short-term price fluctuations.

The divergence between MicroStrategy's market cap and its Bitcoin holdings has sparked debate among investors and analysts. While the company's stock price has fluctuated, its Bitcoin portfolio remains a stable, appreciating asset. As of the latest purchase, the market value of MicroStrategy's Bitcoin holdings exceeds the firm's total equity valuation, a testament to the growing acceptance of crypto as a corporate asset class. This dynamic has positioned MicroStrategy as the largest corporate holder of Bitcoin, with its strategy influencing other firms to explore digital assets for treasury management.

Saylor's approach, however, is not without risks. The company's heavy reliance on Bitcoin exposes it to volatility in the crypto market, and regulatory uncertainties could impact its long-term strategy. Nonetheless, MicroStrategy's transparent reporting-via SEC filings like the Form 8-K-has bolstered confidence in its operations. The firm's success in generating a 26.1% yield in 2025 highlights the potential of Bitcoin as a high-return asset, even amid macroeconomic headwinds.

As Bitcoin's role in global finance evolves, MicroStrategy's strategy serves as a case study for corporate adoption. The company's ability to maintain a low average cost basis while accumulating assets at premiums underscores the importance of timing and consistency in crypto investing. With the recent purchase, MicroStrategy has reaffirmed its mission to treat Bitcoin as a core treasury asset, setting a precedent for other corporations to follow.