Strategy buys 811 bitcoin for $65.5 million and repurchases $208 million in preferred shares
Strategy acquired 811 bitcoin for roughly $65.5 million while directing $208.2 million toward repurchasing its STRC preferred stock, funded in part by selling $164 million worth of common shares.
Strategy resumed its cryptocurrency purchases between Oct. 26 and Nov. 1 by acquiring 811 bitcoin for $65.5 million at an average price of $80,846 per coin, fees included, according to a Form 8-K filed with the SEC. Executive Chairman Michael Saylor confirmed the transaction on X. The acquisition lifted the company's total holdings to 849,327 BTC, acquired for an aggregate $64.08 billion at an average cost of $75,451 per coin.[5][6][2][1]
The bitcoin purchases were financed through the company's at-the-market equity program, under which Strategy sold 1,178,552 Class A common MSTR shares to net $164.0 million after commissions. Of the proceeds, $65.5 million went directly toward bitcoin and $98.5 million was credited to USD Cash. Strategy did not issue any shares of its preferred stocks—STRF, STRC, STRK, or STRD—during the week.[5][6][8]
Capital deployed toward share buybacks outpaced bitcoin purchases more than threefold. Strategy spent $208.2 million from USD Cash to repurchase 2,092,035 shares of STRC preferred stock, leaving $748.6 million in authorization under its buyback program after the board raised the cap to $3 billion last month. The repurchases reduced Strategy's deployable USD Cash by 45.3% to $132.7 million, down from $242.4 million the prior week, while its separate USD Reserve held $4.79 billion to cover debt interest and preferred dividend payments.[5][7][4][3]
Key facts
- Strategy bought 811 bitcoin for $65.5 million at an average cost of $80,846 per coin during the week ended Nov. 1.
- Strategy's total bitcoin holdings reached 849,327 BTC, acquired for a total of $64.08 billion at an average price of $75,451 per coin.
- The company repurchased 2,092,035 STRC preferred shares for $208.2 million during the week.
- Strategy sold 1,178,552 MSTR common shares for $164 million net proceeds, allocating $65.5 million to bitcoin and $98.5 million to USD Cash.
- Strategy's deployable USD Cash dropped 45.3% to $132.7 million, while its USD Reserve stood at $4.79 billion.
- The preferred stock buyback program retains $748.6 million in capacity out of an expanded $3 billion ceiling.
Sources · 8 sources
- CO
CoinMarketCap@CoinMarketCapPost on X ·
JUST IN: 💰 Strategy bought 811 Bitcoin for $65.5M last week, bringing its total holdings to 849,327 BTC, while repurchasing 2.1M STRC shares for $208.2M. https://t.co/DQIPhJZEpd
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Strategy $MSTR acquired another 811 bitcoin:native for approximately $65.5 million at an average price of $80,846 per BTC, bringing its total holdings to 849,327 BTC. The company also repurchased $208.2 million of its $STRC preferred stock. https://t.co/1ElHXMNyaM
Open source - DE
DecryptArticle ·
Strategy Resumes Bitcoin Buys With $66M Purchase The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.
Open source - CT
Coin TelegraphArticle ·
Strategy spends triple its weekly Bitcoin outlay on STRC buybacks Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance.
Open source - UN
UnchainedArticle ·
Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks Strategy bought 811 bitcoin for $65.5 million in the week ended Nov. 1, returning to the market one week after it added none, the company disclosed in a Form 8-K on Monday. Strategy paid an average of $80,846 per coin, fees included. Its stack now stands at 849,327 BTC , acquired for a combined $64.08 billion, or $75,451 per bitcoin on average. Executive Chairman Michael Saylor confirmed the buy on X , writing that “Strategy has acquired 811 $BTC and repurchased $208M of $STRC.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Common stock paid for the coins Every bitcoin in the latest batch was paid for with proceeds from Strategy’s Class A common stock. Through its at-the-market program, the company sold 1,178,552 MSTR shares for $164.0 million after commissions. Of that, $65.5 million went to bitcoin and $98.5 million was added to USD Cash. Strategy issued no shares of its four preferred stocks, STRF, STRC, STRK and STRD, during the week. Over the same seven days, Strategy spent $208.2 million repurchasing 2,092,035 STRC shares, drawing on USD Cash. That leaves $748.6 million of room in its preferred buyback program, whose cap the board lifted to $3 billion last month. Buybacks outpace bitcoin Across the last two weekly filings, Strategy has put $413.1 million into STRC repurchases since Oct. 19, by Unchained’s count, more than six times the $65.5 million it spent on bitcoin over that stretch. For the week that ended Oct. 25, it reported no bitcoin purchases and $204.9 million of STRC buybacks. USD Cash ended the week at $132.7 million, down from $242.4 million a week earlier. The USD Reserve, which Strategy holds to cover preferred dividends and interest on its debt, was $4.79 billion after $43.4 million went to dividend payments. Saylor put the company’s USD assets at $4.9 billion. Strategy paused STRC sales in June after the preferred fell below its intended $100 level. Saylor said in a follow-up post that STRC’s “BTC Credit tightened to 59 bps” under assumptions that included a bitcoin price of $76,700, below the $80,846 average Strategy paid this week. Related Listen: Why Lyn Alden Says Strategy Let Its Dollar Reserve Slip Too Far The post Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks appeared first on Unchained .
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Strategy Buys 811 BTC for $65.5M, Repurchases $208.2M in Preferred Stock According to an SEC Form 8-K filed on November 2, Strategy purchased 811 BTC for approximately $65.5 million between October 26 and November 1, at an average price of $80,846 per BTC. As of November 1, the company held 849,327 BTC, acquired for a total of approximately $64.08 billion at an average cost of $75,451 per BTC. During the same period, Strategy sold approximately 1.18 million shares of MSTR common stock, generating $164 million in net proceeds, of which $65.5 million was used to purchase Bitcoin and $98.5 million was allocated to USD Cash. The company also repurchased approximately 2.09 million shares of its STRC preferred stock for $208.2 million.
Open source - CR
CryptoSlateArticle ·
Strategy’s deployable cash falls 45% as buybacks outpace Bitcoin purchases Strategy‘s deployable USD Cash fell 45.3% during the week ended Nov. 1, from $242 million to $133 million, as preferred-stock buybacks exceeded its Bitcoin purchases. That balance is available for broader treasury uses. Strategy also held a separate $4.79 billion USD Reserve intended for preferred-stock dividends and debt interest. The company bought 811 Bitcoin between… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
STRATEGY ($MSTR ) BUYS 811 BITCOIN, REPURCHASES $208 MILLION IN PREFERRED SHARES Strategy acquired 811 BTC for $65.5 million at an average price of $80,846 per Bitcoin, bringing total holdings to 849,327 BTC. The company also sold 1.18 million MSTR shares, raising $164 million, with $98.5 million allocated to USD Cash. Strategy repurchased $208.2 million of STRC preferred shares during the week. Its USD Reserve stands at $4.79 billion, with another $132.7 million in USD Cash.
Open source