Strategy Buys $65.5 Million in Bitcoin, Repurchases $208.2 Million of Preferred Stock

Strategy ($MSTR) purchased 811 bitcoin for $65.5 million and repurchased $208.2 million of its STRC preferred stock during October 26–November 1, according to a November 2 SEC filing. The company also raised $164 million through sales of common stock, allocating proceeds between Bitcoin purchases and its general-purpose cash balance.

• Strategy paid an average of $80,846 per bitcoin, including fees and expenses.
• The company reported holdings of 849,327 bitcoin as of November 1, acquired for $64.08 billion at an average cost of $75,451 each.
• Strategy sold 1,178,552 common shares, directing $65.5 million of net proceeds to Bitcoin purchases and $98.5 million to its USD Cash balance.
• The company repurchased 2,092,035 STRC preferred shares using USD Cash. It did not repurchase common shares during the period.
• USD Cash totaled $132.7 million. Its separate reserve for preferred dividends and debt interest stood at $4.79 billion after $43.4 million in dividend payments.

Relevant Companies

• Strategy ($MSTR): Expanded Bitcoin holdings, issued common shares and repurchased preferred stock.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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