Strategy, Michael Saylor's bitcoin-focused holding company, acquired 8,178 BTC for $835.6 million at an average price of $102,171 per bitcoin during the week of November 10–16, 2025, according to a regulatory filing. The purchase brings the firm's total holdings to 649,870 BTC with an aggregate cost basis of $48.37 billion. The company financed the acquisition through sales of preferred and common stock under its at-the-market programs.

Strategy purchased 8,178 BTC for approximately $835.6 million at an average price of $102,171 per coin on November 16, 2025, according to Michael Saylor. The acquisition brings the company's total holdings to 649,870 BTC, accumulated for roughly $48.37 billion at an average cost of $74,433 per bitcoin. The purchase occurred during a period when Bitcoin traded near $94,000, marking one of the asset's sharpest weekly declines of the year.

Bitcoin has reached 95% of its 21 million coin maximum supply, with approximately 19.95 million BTC now mined. Fewer than 1.05 million BTC remain to be extracted. The remaining coins will take over a century to mine due to Bitcoin's halving schedule, which exponentially slows issuance over time.

Bitcoin fell to $93,000 on Sunday, its lowest level since May, as the cryptocurrency market saw $619 million in liquidations over 24 hours. The Crypto Fear & Greed Index dropped below 10, entering extreme fear territory. Analysts cite liquidity pressures and delayed government payments as primary drivers of the selloff.

Bitcoin is experiencing downward pressure as over 10,000 BTC, valued near $1 billion, moved to exchanges within 72 hours, data show. The cryptocurrency trades around $95,498, down nearly 1% in 24 hours and approximately 10% weekly. Technical indicators including the weekly Supertrend have turned bearish for the first time in nearly three years.

Bitcoin's 30-day correlation with the Nasdaq 100 reached approximately 0.80, marking the strongest reading since 2022 and the second-highest in a decade, according to the Kobeissi Letter. BTC fell below $93,000 on November 17, 2025, while the total crypto market cap stood at $3.25 trillion. The Crypto Fear & Greed Index dropped to 10, signaling extreme fear among market participants.

Strategy Inc., Michael Saylor's Bitcoin treasury company, traded below its net asset value for the first time in nearly two years as Bitcoin dropped under $100,000. The company's market capitalization reached $57.40 billion while its 641,205 BTC holdings are valued at approximately $61.3 billion. This creates roughly a 6% discount for investors purchasing MSTR shares compared to direct Bitcoin acquisition.

Bitcoin's roughly 25% drop from its all-time high near $126,000 represents a short-term correction rather than a cycle-peak downturn, according to Bernstein analysts. The firm points to rising institutional ownership in ETFs—from 20% to 28%—and substantial absorption of long-term holder supply through $34 billion in combined ETF inflows and corporate purchases. Strategy's conservative leverage and structural tailwinds including political support and favorable liquidity conditions suggest a shallower consolidation than the 60-70% drawdowns of previous cycles.