Strategy Adds 811 Bitcoin and Repurchases $208.2 Million of STRC

Strategy paired an 811-Bitcoin purchase with a $208.2 million repurchase of STRC preferred stock during the week ended Nov. 1. Proceeds from sales of its Class A shares funded the Bitcoin purchase, while USD Cash funded the STRC buyback.

The 811 Bitcoin (BTC) cost $65.5 million, an average of $80,846 per coin including fees and expenses. Strategy’s holdings stood at 849,327 BTC as of Nov. 1, with an aggregate purchase cost of $64.08 billion and an average cost of $75,451 per coin.

From Oct. 26 through Nov. 1, Strategy sold 1,178,552 shares of its Class A common stock through an at-the-market offering program. The sales generated $164 million in net proceeds. The company allocated $65.5 million to Bitcoin and $98.5 million to USD Cash.

Strategy used USD Cash to repurchase 2,092,035 STRC shares for $208.2 million. Separately, it spent $43.4 million from its USD Reserve on preferred-stock dividends. As of Nov. 1, the company had $4.79 billion in its USD Reserve and $132.7 million in USD Cash.

MSTR shares provide an ownership stake in Strategy, but do not represent a claim to a fixed number of BTC; earlier coverage of MSTR shareholder exposure explains the distinction. MSTR closed Monday, Nov. 2, at $130.76, up $0.25, or 0.19%, at 4 p.m. ET (21:00 UTC).