All coins

WiremarketsBrief

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.

Brief

By Dextape Desk ·

Strategy, the firm led by Michael Saylor, added 1,036 bitcoin in the week of November 2 to 8, paying about $81.9 million, according to a Monday 8-K filing. That lifted its holdings to 850,364 BTC, bought at an average cost of $75,456 per coin. The purchase was funded with proceeds from selling about 2.05 million MSTR common shares. Bitcoin traded near $74,800 when the article was written, slightly under that average cost, per Bitcoin Magazine Pro data. Over the same week, Strategy spent $188.3 million repurchasing its STRC preferred stock, and it still has $560.3 million left under that program. Saylor announced the purchase on X, and the 8-K remains the primary disclosure.

Why it matters: It shows the firm continuing bitcoin accumulation while buying back preferred shares, with its holdings now just below its average cost.

Mentioned: Bitcoin

Summary by Dextape, based on reporting by Bitcoin Magazine. Machine-written from Bitcoin Magazine’s report and checked against it · How Dextape writes

Read the full story

Headline and excerpt from Bitcoin Magazine’s public feed. Bitcoin Magazine holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Mentioned in this story

Open a coin page for its current price.

Brief by

Dextape DeskEditors

The Dextape Desk signs Dextape's briefs, market reports and news stories, each machine-written from the named sources and checked by code before it appears.

Share this story