Crypto Whale Gobbles 487 BTC at $102K – Now Hoards 641,000 Bitcoin in Cold Storage

Big Money Bets Big on Bitcoin

A mystery player just dropped $50 million on BTC in a single trade—pushing their total stash to a staggering 641,000 coins. At today's prices, that's enough to buy a small country or three Lamborghini dealerships.

The Ultimate HODL Strategy

While retail traders panic-sell over 3% dips, institutional players keep stacking sats like there's no tomorrow. The move comes as Bitcoin consolidates near all-time highs—proving once again that 'buy high, sell never' is Wall Street's new mantra (when it suits them).

Just don't ask how they'll explain the volatility to their risk committees when the next 20% correction hits.

Strategy’s purchase history

The recent purchase is the latest in a stream of acquisitions. Just before this announcement, Strategy had executed other purchases where, between October 27 and November 2, the firm acquired 397 BTC for $45.6 million, at the average price of $114,771 per BTC. As of November 2, 2025, the total holding stood at 641,205 BTC, with an average cost of $74,057.

The latest acquisition shows the firm’s early and consistent buying approach, which began in 2020. Despite paying a premium for the most recent coins at over $102,000, the firm’s long-term average remains substantially lower, ensuring that the vast majority of its holdings retain unrealized gains. Strategy has effectively executed one of the most successful corporate balance sheet transformations in history, consistently accumulating assets through various market cycles.

Saylor’s broader strategy

Michael Saylor’s strategy is a financial pivot to treat Bitcoin as the superior treasury reserve asset. He has long argued that traditional fiat currencies and short-term debt instruments rapidly lose value due to inflation and monetary expansion. 

The success of this treasury approach was evident in the firm’s recent financial reporting. Strategy posted a $2.8 billion profit in Q3 2025, driven largely by the appreciation of its Bitcoin assets.

Saylor’s strategy views Bitcoin as the superior treasury reserve asset that can outperform traditional assets like the S&P 500 over the long term. His argument centers on Bitcoin’s role as a non-sovereign digital hard asset and a future digital scarcity standard.

The company’s increasing total holding, i.e., 641,000 BTC, highlights its mission as one of perpetual accumulation, regardless of short-term price volatility.

Also Read: Strategy Inc. to Raise $715M to Increase Bitcoin Holdings