A post by @WuBlockchain on X.

Strategy (formerly MicroStrategy) purchased 811 BTC for approximately $65.5 million between October 26 and November 1, at an average price of $80,846 per BTC, according to an SEC Form 8-K filed November 2. The company now holds 849,327 BTC, acquired for a total of approximately $64.08 billion at an average cost of $75,451 per BTC. To fund the purchase, Strategy sold approximately 1.18 million shares of MSTR common stock, generating $164 million in net proceeds, with $65.5 million directed to Bitcoin and $98.5 million retained as USD cash. Separately, the company repurchased approximately 2.09 million shares of its STRC preferred stock for $208.2 million. The buyback signals active management of Strategy's preferred equity capital structure alongside its ongoing accumulation strategy. Investors will be watching whether the pace of BTC purchases accelerates given the widening gap between the average purchase price ($80,846) and the long-term cost basis ($75,451), and how further STRC repurchases affect the preferred stock's market pricing.