[Wu Blockchain News] Strategy buys 811 BTC for $65.5M, holds 849,327 BTC total According to an SEC F...
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Strategy purchased 811 BTC for approximately $65.5 million between October 26 and November 1 at an average price of $80,846 per BTC, per an SEC Form 8-K filed November 2. As of November 1, the company held 849,327 BTC acquired for roughly $64.08 billion at an average cost of $75,451 per BTC. During the same period, Strategy sold about 1.18 million MSTR common shares for $164 million in net proceeds, allocating $65.5 million to Bitcoin and $98.5 million to USD cash, and repurchased roughly 2.09 million STRC preferred shares for $208.2 million. The purchase extends Strategy's position as the largest corporate Bitcoin holder, with its average cost basis now below the latest acquisition price. Watch for further 8-K disclosures on ATM issuance and preferred buybacks, and whether Strategy sustains purchases if BTC holds above its $75,451 average cost.
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Named in this story
Strategy (MSTR), Bitcoin (BTC), MSTR (MSTR), STRC, SEC
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