Strategy added 811 BTC, bringing its treasury to 849,327 BTC, representing more than 4% of Bitcoin in circulation. The company also purchased $208 million of STRC and holds about $4.9 billion in USD, supporting future purchases, shareholder-related activity and financial obligations. Its overall leverage has fallen from approximately 108% in January 2023 to 3% by November, indicating a stronger balance sheet and more room to manage debt without immediately selling Bitcoin. An earlier account valued Strategy's position at about $1 billion above its average acquisition cost and said flexible cash reserves had fallen to $133 million after roughly $2.25 billion in STRC buybacks, separate from the broader USD reserve previously described as about $4.8 billion. The growing treasury increases institutional demand and Strategy's sensitivity to Bitcoin prices, while custody protections such as cold storage and multisignature controls remain important to investor confidence.