Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost
By Micah Zimmerman
AI summary of the source article
Strategy acquired 1,036 bitcoin for $81.9 million between November 2 and November 8, bringing total holdings to 850,364 BTC. The purchase was funded via common stock sales, as spot prices dropped below the company's average cost basis.
Key facts
- Strategy purchased 1,036 bitcoin for $81.9 million at an average price of $79,012 between November 2 and November 8.
- Total holdings rose to 850,364 BTC acquired for $64.16 billion at an average cost of $75,456 per coin.
- Purchases were funded from selling 2.05 million MSTR shares for $283.8 million, with $188.3 million also spent repurchasing STRC preferred stock.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost Strategy bought 1,036 bitcoin last week for $81.9 million at an average of $79,012, lifting its stack to 850,364 BTC. This post Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost first appeared on Bitcoin Magazine and is written by Micah Zimmerman .