WiremarketsDextape brief
Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking
Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.
Dextape brief
Strategy disclosed in an 8-K filing on Monday that it bought 811 bitcoin in the week to November 1 for roughly $65.5 million, an average near $80,846 per coin. Holdings now total 849,327 BTC. This round was funded by selling about 1.18 million MSTR common shares for roughly $164 million, with $65.5 million moved into bitcoin, $98.5 million kept in cash, and around $208 million spent repurchasing STRC preferred shares. Strive, led by Matt Cole, added 124 BTC in the week ending October 30, reaching 43,124 coins. Strategy also reported $19.5 billion in third-quarter net income, largely a non-cash gain under fair-value accounting. Binance estimates a $6.3 billion breach on October 29, with about $3 billion of the stolen funds frozen.
Why it matters: The filings show large corporate holders still adding bitcoin while a major exchange breach weighs on the wider market backdrop.
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