Strategy Resumes Bitcoin Buys With $66M Purchase

In brief

• Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming purchases after skipping a week, according to an SEC filing.
• The company also spent $208.2 million of its USD Cash buying back STRC, leaving that balance at $132.7 million, down from $242.4 million a week earlier.
• Strategy now holds 849,327 BTC, acquired for $64.08 billion at an average of about $75,451 per coin.

Strategy bought 811 BTC for $65.5 million last week, the company said on Monday, resuming its Bitcoin purchases after a one-week pause.

The Bitcoin treasury firm paid an average of $80,846 per coin between October 26 and November 1, funding the purchases by selling 1,178,552 shares of MSTR stock for $164 million in net proceeds, according to an SEC filing. Of that, $65.5 million went to Bitcoin and $98.5 million to its USD Cash account.

Strategy now holds 849,327 BTC, acquired for a total of $64.08 billion at an average of about $75,451 per coin.

The company also bought back 2,092,035 shares of STRC, its variable-rate preferred stock, for $208.2 million, all paid from USD Cash. That is up from $204.9 million the previous week, when Strategy paused its Bitcoin buying for the first time since mid-September. The week before that, it bought 267 BTC for $22.1 million.