In brief
- Strategy bought 1,036 BTC for $81.9 million between November 2 and November 8, its second straight weekly purchase, according to an SEC filing.
- The company also bought back $188.3 million of its STRC preferred stock, funding both moves by selling 2,051,348 shares of MSTR stock.
- Strategy now holds 850,364 BTC, acquired for $64.16 billion at an average of about $75,456 per coin.
Strategy bought 1,036 BTC for $81.9 million last week, its second straight weekly purchase, the company said on Monday.
The Bitcoin treasury firm paid an average of $79,012 per coin between November 2 and November 8, according to an SEC filing. It now holds 850,364 BTC, acquired for a total of $64.16 billion at an average of about $75,456 per coin.
The purchase is larger than the week before, when Strategy resumed buying with 811 BTC for $65.5 million after a one-week pause.
Strategy also bought back 1,887,464 shares of STRC, its variable-rate preferred stock, for $188.3 million, down from $208.2 million the previous week. It funded both the Bitcoin and the buyback by selling 2,051,348 shares of MSTR stock for $283.8 million in net proceeds,
