Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks
By Unchained
AI summary of the source article
Strategy purchased 811 bitcoin for $65.5 million and repurchased $208.2 million of its STRC shares in the week ended November 1. The coin acquisition was funded using proceeds from selling MSTR common stock.
Key facts
- Strategy bought 811 bitcoin for $65.5 million at an average price of $80,846, bringing its total holdings to 849,327 BTC.
- The purchases were funded by selling 1,178,552 MSTR shares for $164.0 million via an at-the-market program.
- The company spent $208.2 million repurchasing 2,092,035 STRC shares in the week, bringing STRC buybacks to $413.1 million across two weeks.
Source excerpt · Unchained
Michael Saylor's company has put $413.1 million into STRC repurchases since Oct. 19, more than six times what it spent on bitcoin over the same stretch, its last two weekly filings show. The post Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks appeared first on Unchained .