Strategy bought 811 bitcoin for $65.5 million in the week ended Nov. 1, returning to the market after reporting no BTC purchases in the prior week, according to a Form 8-K filed Monday.
The company paid an average of $80,846 per coin, including fees. Its bitcoin holdings now total 849,327 BTC, acquired for a combined $64.08 billion at an average price of $75,451 per bitcoin.
Executive Chairman Michael Saylor confirmed the purchase on X, saying Strategy had acquired 811 BTC and repurchased $208 million of STRC.
MSTR share sales funded the latest bitcoin purchase
Strategy said every bitcoin in the latest batch was paid for with proceeds from sales of its Class A common stock. Through its at-the-market program, the company sold 1,178,552 MSTR shares for $164.0 million after commissions.
Of that total, $65.5 million was used to buy bitcoin, while $98.5 million was added to USD Cash. The company said it issued none of its four preferred stocks — STRF, STRC, STRK, and STRD — during the week.
STRC buybacks remained larger than bitcoin purchases
Over the same seven-day period, Strategy spent $208.2 million from USD Cash to repurchase 2,092,035 STRC shares. That left $748.6 million available under its preferred buyback program after the board raised the cap to $3 billion last month.
Across the last two weekly filings, Strategy has spent $413.1 million on STRC repurchases since Oct. 19, according to Unchained’s count. That is more than six times the $65.5 million it spent on bitcoin over the same stretch.
For the week ended Oct. 25, the company reported no bitcoin purchases and $204.9 million in STRC buybacks.
Cash balances and reserve figures shifted lower
USD Cash ended the week at $132.7 million, down from $242.4 million a week earlier.
The company’s USD Reserve, which it holds to cover preferred dividends and interest on its debt, stood at $4.79 billion after $43.4 million was used for dividend payments. Saylor, in a separate post, put Strategy’s USD assets at $4.9 billion.
STRC sales remain paused
Strategy paused STRC sales in June after the preferred stock fell below its intended $100 level.
In a follow-up post, Saylor said STRC’s BTC Credit had tightened to 59 bps under assumptions that included a bitcoin price of $76,700. That assumed price was below the $80,846 average Strategy paid for bitcoin this week.
