Strategy Adds 1,036 Bitcoin as STRC Buybacks Take More…
By Abdelaziz Fathi
AI summary of the source article
Strategy bought 1,036 bitcoin for $81.9 million between November 2 and November 8, raising holdings to 850,364 BTC. It also spent $188.3 million repurchasing STRC preferred shares, funded via MSTR stock sales.
Why it matters
A sustained recovery of STRC to its $100 stated value "could make the instrument a more practical source of financing for future Bitcoin acquisitions."
Key facts
- Strategy acquired 1,036 bitcoin for $81.9 million at an average price of $79,012 per BTC, bringing total holdings to 850,364 BTC.
- The company raised $283.8 million in net proceeds by selling 2,051,348 MSTR shares through its at-the-market offering program.
- Proceeds funded $81.9 million in Bitcoin purchases, $188.3 million to repurchase 1,887,464 STRC preferred shares, and $13.6 million for USD Cash.
Source excerpt · FinanceFeeds
Strategy purchased another 1,036 bitcoin for $81.9 million between November 2 and November 8, lifting its holdings to 850,364 BTC, while directing more than twice that amount toward repurchasing its STRC preferred shares. The latest acquisition was made at an average price of $79,012 per bitcoin, according to a November 9 filing with the Securities and Exchange Commission. Strategy's cumulative ho…