Strategy Buys 1,036 Bitcoin, Repurchases $188.3M in STRC

Strategy bought 1,036 bitcoin for $81.9 million during the week of November 2 to 8, bringing its total holdings to 850,364 BTC, according to a November 9 filing. The company paid an average of $79,012 per coin for the latest purchase, which it funded through sales of its common stock.

The filing reported that Strategy sold 2,051,348 MSTR shares for $283.8 million in net proceeds during the same period. It used $188.3 million to repurchase 1,887,464 shares of its STRC preferred stock, allocated $81.9 million to bitcoin and added $13.6 million to its USD cash balance. The preferred-share repurchases accounted for more than twice the amount spent on bitcoin.

Strategy’s cumulative acquisition cost for its bitcoin holdings was $64.16 billion, an average of $75,456 per coin. That figure reflects the company’s purchase cost, not the holdings’ current market value. Bitcoin was reported near $74,650 to $74,800 around the filing’s publication, below Strategy’s average cost; those market prices were time-specific.

As of November 8, Strategy reported a $4.77 billion USD reserve and $146.2 million in USD cash. The company said it withdrew $21.1 million from the reserve to pay preferred-stock...