Saylor’s Strategy buys 1,036 BTC and $188M of buybacks in first purchase since STRC reclaims par

Michael Saylor’s Strategy (NASDAQ: MSTR) bought 1,036 BTC for $81.9 million last week, the firm’s first Bitcoin purchase since its STRC preferred stock reclaimed par value at $100. According to the 8-K filing sent to the SEC for the week that ended November 8, the firm spent another $188.3 million repurchasing its STRC preferred stock. How much money did Strategy raise last week? According to the firm’s SEC 8-K , Strategy raised $283.8 million in net proceeds from selling 2,051,348 MSTR shares through its at-the-market program. $81.9 million of the raise went to buying 1,036 BTC, pushing the company’s Bitcoin stash to 850,364 BTC. It funneled $188.3 million to STRC buybacks, and the USD Cash account was buffered by the remaining $13.6 million.

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