Michael Saylor said that he pitched Bitcoin as “digital capital” to wealth funds and banks, calling it the foundation for a new yield-bearing credit asset class.
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Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year.
Strategy chairman Michael Saylor on X that the company bought 10,624 Bitcoin () for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696.
The move comes during a rough stretch for Strategy’s equity. to Google Finance, Strategy shares recently traded around $178.99, down 51% over the past 12 months.
Despite this, the company has billions in unrealized gains on its BTC holdings. to BitcoinTreasuries.NET, Strategy’s current BTC holdings are worth about $60 billion, more than 22% above the firm’s aggregate cost basis.
Saylor pushes Bitcoin to wealth funds as digital capital
At the Bitcoin MENA event in Abu Dhabi on Monday, Saylor he had been meeting with sovereign wealth funds and a diverse range of investors, including people who run banks and family offices, to discuss Bitcoin.
“My message by the way is very straightforward. My message is: We now have digital capital. Bitcoin is digital capital. It’s digital gold,” Saylor said. “On top of digital capital, we have a new asset class called digital credit. Digital credit strips the volatility from the capital and provides yield.”
Despite a downturn in Strategy stock prices, the company’s chairman consistently in the asset, saying recently on social media that they “won’t back down” from their Bitcoin bet.
Strategy also recently raised $1.44 billion to dispel fear, uncertainty and doubt, or FUD. According to Strategy CEO Phong Le, there were concerns about whether the company could and payment obligations should the stock’s price fall too far.
“There was FUD that was put out there that we wouldn’t be able to meet our dividend obligations, which causes people to pile into a short Bitcoin bet,” he said.
Related:
DAT inflows in November drop to lowest in 2025
Strategy’s latest Bitcoin purchase comes amid digital asset treasuries (DATs) in November. DefiLlama data showed that DATs only had $1.32 billion in inflows during the month, down 34% from October.
Bitcoin-focused firms led the month with over a billion in inflows driven by Strategy’s $835 million buy on Nov. 17. Ether-focused DATs flipped negative with $37 million in outflows.
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