Strategy has added another 1,036 bitcoin and now holds 850,364 BTC, according to a filing with the U.S. Securities and Exchange Commission on Monday that The Block and Bitcoin Magazine both reported. The company spent about $81.9 million on the purchase between November 2 and November 8, at an average price of $79,012 per bitcoin.
The total position was acquired for about $64.2 billion, or an average of $75,456 per bitcoin including fees and expenses. Because the latest tranche was bought at a higher average price than that overall cost basis, the new coins slightly raise the blended cost of the stack.
The purchase was funded by sales of Strategy’s MSTR Class A common stock under its at-the-market program. The Block reported that the company sold 2,051,348 MSTR shares for about $283.8 million last week, leaving roughly $18.34 billion available under that program. Only part of the proceeds went to bitcoin. Bitcoin Magazine reported that $188.3 million was used to buy back STRC preferred stock and $13.6 million was added to cash. The Block noted that the buyback was paid from the company’s USD Reserve, which stood at $4.77 billion as of November 8, alongside $146.2 million of cash.
On Sunday, Executive Chairman Michael Saylor posted a bitcoin acquisition tracker chart with the caption “Connecting the dots,” which The Block described as a hint at another announcement. The filing itself reported the purchase after the fact. The figures are company-reported and have not been independently verified.
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Sources:
The Block: Strategy buys another 1,036 bitcoin for $82 million as holdings reach 850,364 BTC
Bitcoin Magazine: Strategy (MSTR) adds 1,036 bitcoin for $81.9 million
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