Strategy, Strive buy 935 Bitcoin worth $75.5M as BTC trades below $80K

Strategy has resumed Bitcoin accumulation with an 811 BTC purchase worth $65.5 million, while fellow treasury company Strive has reported buying another 124 BTC for approximately $10 million. Summary Strategy purchased 811 BTC for $65.5 million, bringing its total Bitcoin holdings to 849,327 BTC. Strive reportedly acquired another 124 BTC for approximately $10 million, raising its holdings to 43,124 BTC. Both companies purchased a combined 935 BTC for approximately $75.5 million during the latest reporting period. Strategy raised $164 million through MSTR stock sales and separately repurchased $208.2 million of STRC preferred shares. Bitcoin traded near $77,700 on November 2, below the average purchase prices reported by both companies. According to Strategy’s November 2 filing, the company purchased Bitcoin between October 26 and November 1 at an average price of $80,846 per coin. Strive reportedly paid slightly above $80,500 per Bitcoin during the latest reporting period. Together, the purchases amounted to 935 BTC worth approximately $75.5 million. The announcements followed Bitcoin’s decline below $80,000, with the cryptocurrency trading near $77,700 on November 2. Strategy buy...