By Mackenzie Tatananni and George Glover

After going a week without buying Bitcoin, Strategy made another purchase. The stock fell anyway.

The world's largest corporate holder of Bitcoin disclosed that it acquired just 130 tokens in the period from Nov. 17 to Sunday, Nov. 30.

The $11.7 million purchase brought Strategy's total holdings to 650,000 Bitcoins, acquired for roughly $48.38 million in total. The horde was valued at $55.1 million as of Monday morning.

Strategy didn't buy any tokens the week ended Nov. 23 -- the first time in about a month and a half that it has stayed on the sidelines. If Strategy had held off buying again, it would have been the first two-week run since February without any purchases.

Shares slipped 4.6% in the premarket session, following a sudden Bitcoin reversal that wiped out all of the digital asset's gains from last week.

Other crypto stocks were also sliding: digital-asset exchange Coinbase Global fell 4.8%, and online trading platform Robinhood Markets lost 3.9%. Futures tracking the benchmark S&P 500 were 0.7% lower.

The declines mirrored a drop in the price of Bitcoin, which has fallen 5.8% over the past 24 hours to $86,027, according to CoinDesk data. The cryptocurrency's losses accelerated once it broke below $90,000, which many analysts see as a key support level.

The plunge spoiled last week's mini-rebound for cryptos, which came as Wall Street piled back into other risk assets, including tech stocks. The big question for investors is if Strategy was also a buyer.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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December 01, 2025 08:26 ET (13:26 GMT)

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