Strategy Acquires 811 Bitcoin for $65.5 Million, Repurchases $208.2 Million in Preferred Stock
Strategy purchased 811 Bitcoin (BTC) for approximately $65.5 million between October 26 and November 1, expanding its already substantial cryptocurrency holdings while simultaneously repurchasing $208.2 million worth of preferred stock, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC).
The purchases were disclosed in an SEC Form 8-K filed on November 2. Strategy acquired the Bitcoin at an average price of $80,846 per BTC, adding to its corporate Bitcoin treasury as the company continued to allocate capital across its digital asset and preferred stock strategies.
Strategy's Bitcoin Holdings Reach 849,327 BTC
As of November 1, Strategy held a total of 849,327 BTC, representing an aggregate investment of approximately $64.08 billion. The company's average acquisition cost stood at $75,451 per Bitcoin across its entire holdings.
The latest purchase added 811 BTC to that position, with the $65.5 million acquisition representing the Bitcoin allocation reported for the period from October 26 through November 1. The figures in the filing provide an updated snapshot of Strategy's accumulated Bitcoin reserves and the average price paid for its holdings.
Strategy's reported average acquisition cost of $75,451 per BTC is distinct from the $80,846 average price paid for the latest batch. The difference reflects the company's historical purchases alongside its most recent acquisition.
MSTR Stock Sales Fund Bitcoin Purchase and Cash Reserves
The SEC filing also detailed how Strategy finance its latest Bitcoin purchase. Between October 26 and November 1, the company sold approximately 1.18 million shares of its MSTR common stock, generating $164 million in net proceeds.
Of that amount, $65.5 million was allocated to purchasing Bitcoin, while the remaining $98.5 million was placed in USD Cash. This breakdown shows how the proceeds from the common stock sales were divided between expanding the company's Bitcoin holdings and maintaining cash reserves.
The allocation is particularly relevant to understanding Strategy's capital management during the reporting period. Rather than directing all proceeds from its MSTR share sales toward cryptocurrency acquisitions, the company retained a substantial portion in U.S. dollar cash.
Strategy Repurchases $208.2 Million in STRC Preferred Stock
Alongside its Bitcoin acquisition and common stock sales, Strategy repurchased approximately 2.09 million shares of its STRC preferred stock for $208.2 million during the same period.
The preferred stock repurchase represents a separate capital allocation from the $65.5 million Bitcoin purchase. Together, the transactions illustrate the company's simultaneous management of its Bitcoin treasury, common equity financing, cash reserves and preferred stock position.
The November 2 filing therefore provides three key figures from Strategy's latest capital activity: 811 BTC acquired for approximately $65.5 million, $164 million in net proceeds from MSTR common stock sales, and $208.2 million spent repurchasing approximately 2.09 million STRC preferred shares. As of November 1, the company's total Bitcoin holdings stood at 849,327 BTC, acquired for approximately $64.08 billion at an average cost of $75,451 per BTC.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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