Saylor 'Walks the Walk' on Bitcoin-Backed Banking Pitch; Treasury Swells to 660,624 BTC

Source: CoinEdition Original Title: Saylor ‘Walks the Walk’ on Bitcoin-Backed Banking Pitch; Treasury Swells to 660,624 BTC Original Link:

Strategy Executes $963 Million Bitcoin Acquisition

Strategy has executed a $963 million capital deployment into Bitcoin, securing 10,624 BTC at an average price of $90,615. This marks one of the largest weekly acquisitions of 2025, widely viewed by institutional desks as strategic validation of the “Digital Credit” banking model.

The acquisition raises Strategy’s total treasury to 660,624 BTC, accumulated for approximately $49.35 billion at an average cost basis of $74,696 per coin. Crucially, the transaction underscores the efficacy of Saylor’s capital markets strategy. By financing the buy through equity and fixed-income issuance, Strategy reported a Bitcoin Yield of 24.7% year-to-date.

Analysts note that this metric is the “killer app” for the Digital Credit pitch, demonstrating to global banks and sovereigns that a corporate entity can actively accrete Bitcoin per share rather than simply holding it passively.

Aggressive Accumulation Returns

The latest purchase marks Strategy’s most aggressive addition since late July, when it captured more than 21,000 BTC in a single move. The company spent recent weeks gathering smaller amounts under 500 BTC, which kept its average entry price favorable during short-term pullbacks. Additionally, Executive Chairman Michael Saylor hinted at renewed buying interest earlier in the week, reinforcing expectations for a large transaction.

Activity around the purchase also resolved a prediction pair on Polymarket, where odds of a buy exceeding 1,000 BTC surged abruptly. Many large traders positioned themselves on the opposite side of the market, showing how unexpected the timing appeared. However, the firm’s accumulation strategy remained consistent and continued regardless of short-term market noise.

Market Stabilizes as Long-Term Holders Reduce Selling Pressure

Bitcoin traded near $90,735 as of press time, with a 24-hour increase of 2.27% and a weekly gain of 5.65%. On-chain data shows that long-term holders dropped to 14.33 million BTC in November, the lowest level since March. This suggested that selling may have run its course as Bitcoin reclaimed the $80,000 region.

Consequently, analysts turned their attention to improving trend signals. Crypto Tony reported that Bitcoin reclaimed the key $89,050 level, which activated a long setup. Price now targets the $90,200 region, where traders expect strong decision-making. Failure to break this zone could send the market toward $89,300 before buyers attempt another push.