Strategy buys 1,036 Bitcoin, repurchases $188M in STRC

Strategy has purchased 1,036 Bitcoin for $81.9 million and repurchased $188.3 million of its STRC preferred stock, bringing its Bitcoin holdings to 850,364 BTC as the cryptocurrency trades below the company’s average acquisition price. Summary Strategy acquired 1,036 BTC for $81.9 million, lifting its corporate Bitcoin treasury to 850,364 BTC. Strategy funded its Bitcoin purchase and $188.3 million STRC buyback through MSTR common stock sales. Michael Saylor confirmed the Bitcoin purchase after hinting at another acquisition through his weekend chart. Strategy reported $4.9 billion in dollar assets, including reserves supporting preferred dividends and debt payments. Strive purchased 29 Bitcoin for approximately $2.2 million, bringing its reported holdings to 43,153 BTC. According to Strategy’s Nov. 9 filing, the company acquired the Bitcoin between Nov. 2 and Nov. 8 at an average price of $79,012 per coin, including fees and expenses. Its total holdings now have a combined purchase cost of $64.16 billion, with an average acquisition price of $75,456. The announcement followed a weekend hint from Executive Chairman Michael Saylor, who shared the company’s familiar Bitcoin accumulat...