Strategy Resumes Bitcoin Buying With $65.5 Million Purchase

Strategy resumed its Bitcoin purchases after a one-week pause, buying 811 BTC for about $65.5 million and bringing its reported holdings to 849,327 BTC. The company disclosed the transaction in a filing with the U.S. Securities and Exchange Commission, covering the period from October 26 through November 1. Strategy paid an average of $80,846 per coin for the latest purchase. It said its holdings had cost about $64.1 billion in total, an average of $75,451 per Bitcoin. The company valued the Bitcoin reserve at about $65.9 billion. The filing showed that Strategy sold 1,178,552 shares of its MSTR common stock for approximately $164 million. It used $65.5 million of the proceeds for Bitcoin and allocated $98.5 million to its USD Cash account. The purchase followed a week in which the company did not buy Bitcoin; earlier in October, it acquired 267 BTC for about $22.1 million. Strategy also repurchased 2,092,035 shares of STRC preferred stock for approximately $208.2 million, using USD Cash. It reported a USD Reserve of $4.79 billion and USD Cash of $132.7 million as of November 1. The company said its combined dollar assets could cover preferred dividends and interest payments...