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Strategy adds 1,036 bitcoin, bringing holdings to 850,364 BTC

Strategy bought 1,036 bitcoin for about $81.9 million last week, funded by sales of MSTR stock, and now holds 850,364 BTC.

By Dextape Desk1 min read

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Quick take

  1. Strategy disclosed a weekly purchase of 1,036 bitcoin at an average of $79,012 each in an 8-K filing.
  2. Bitcoin trades near $74,800, below the company's average cost of $75,456 per coin, leaving holdings roughly $550 million underwater on paper.
  3. The company still has $560.3 million remaining under its STRC preferred repurchase program.

Bitcoin Magazine reported that Strategy added 1,036 bitcoin in the period from November 2 through 8, paying about $81.9 million at an average price of $79,012 per coin. The details appear in a filing the company made on Monday, labeled an 8-K. The filing puts Strategy's total holdings at 850,364 BTC, with a total cost of $64.16 billion, or an average of $75,456 per bitcoin.

According to the filing, the purchase was funded by proceeds from selling common stock of MSTR. Strategy sold about 2.05 million MSTR shares for $283.8 million, and it spent $188.3 million repurchasing STRC preferred stock. Those stock sales and preferred buybacks are both listed in the same filing. The preferred repurchase program has $560.3 million left to use.

Saylor wrote on X that the firm holds 850,364 BTC and $4.9 billion in USD assets. With bitcoin near $74,800, the position sits below Strategy's cost basis and is roughly $550 million underwater on paper.

Sources

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