Bitcoin Hovers Near $88,000 as Strategy's Average Purchase Price Draws Attention

Bitcoin trading around $88,000 has intensified focus on Strategy's cost basis after the firm acquired over 8,000 BTC between November 10 and November 16 at an average of approximately $102,000 for that batch. Prolonged trading below recent purchase levels raises questions about the company's balance sheet flexibility and future funding capacity. Strategy's reliance on equity issuance for Bitcoin purchases links its operational scope directly to market sentiment in both crypto and equity markets.