Strategy Buys $82M in Bitcoin as STRC Tokenized Stock Adds New Twist to Saylor’s BTC

Image: Cryptonews
Strategy Bitcoin holdings climbed to 850,364 BTC after Michael Saylor’s company purchased another 1,036 Bitcoin for $81.9 million. The latest acquisition came as Bitcoin traded below the company’s average purchase price, putting its enormous treasury under renewed market pressure. According to a November 9 SEC filing , Strategy bought the Bitcoin between November 2 and 8 at an average price of $79,012 per coin. Its total acquisition cost now stands at $64.16 billion, with an average purchase price of $75,456. The latest purchase also coincided with a $188.3 million repurchase of Strategy’s STRC preferred shares. The company funded both transactions through its common-stock offering program, highlighting how Michael Saylor continues using capital markets to finance its Bitcoin accumulation.
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