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Strategy adds 1,036 bitcoin as MSTR share sales raise $283.8 million

Strategy added 1,036 bitcoin last week while its MSTR share sales raised $283.8 million, with holdings reaching 850,364 coins.

By Dextape Desk1 min read

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Quick take

  1. Strategy added 1,036 bitcoin last week, bringing its holdings to 850,364 coins.
  2. The company sold 2,051,348 MSTR shares between November 2 and 8, raising $283.8 million.
  3. A filing due next Monday will show further MSTR share sales, adding to the recent disclosures.

BeInCrypto reported on November 9 that Strategy bought 1,036 bitcoin last week, lifting its total holdings to 850,364 coins. Strive separately added 29 bitcoin for $2.2 million, bringing its total to 43,153 bitcoin. The figures show Strategy holding far more bitcoin than Strive.

Between November 2 and 8, Strategy sold 2,051,348 MSTR shares, and according to the account those sales raised $283.8 million. The company used $188.3 million of that money for STRC preferred buybacks, and it has $560.3 million left in that preferred buyback.

The company's bitcoin purchase cost $81.9 million at $79,012 per coin, and its average cost is $75,456 per bitcoin. The same account puts the stack about $490 million below cost, while the USD Reserve totals $4.77 billion. Both cost measures appear in the figures the account provides.

A filing due next Monday will show further MSTR sales. That filing would add to the sales already disclosed for November 2 through 8, according to the same account.

Sources

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