WuBlockchain
Strategy bought 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, it held 849,327 BTC, acquired for approximately $64.08 billion at an average cost of $75,451 per BTC.
Why it matters
The purchase came alongside a $208.2 million repurchase of approximately 2.09 million STRC preferred shares. Strategy also sold about 1.18 million MSTR common shares, generating $164 million in net proceeds.
Market impact
Of those proceeds, $65.5 million funded the Bitcoin purchase and $98.5 million went to USD cash. The filing shows Strategy continuing to add BTC while also buying back preferred stock and retaining cash.
Frequently asked questions
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How much Bitcoin did Strategy buy, and at what average price?
Strategy bought 811 BTC for approximately $65.5 million at an average price of $80,846 per BTC.
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How many BTC did Strategy hold after the purchase?
As of November 1, Strategy held 849,327 BTC, acquired for approximately $64.08 billion at an average cost of $75,451 per BTC.
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How much preferred stock did Strategy repurchase?
Strategy repurchased approximately 2.09 million STRC preferred shares for $208.2 million.
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How did Strategy raise funds during the period?
Strategy sold approximately 1.18 million MSTR common shares, generating $164 million in net proceeds.
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How did Strategy allocate the common-stock proceeds?
The company used $65.5 million to buy Bitcoin and allocated $98.5 million to USD cash.
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