Strategy Repurchased $188.3 Million in STRC, Bought 1,036 Bitcoin

Strategy used $188.3 million to repurchase STRC preferred shares during the week ended Nov. 8, more than double the $81.9 million it spent adding 1,036 Bitcoin (BTC). The activity covered Nov. 2-8. Strategy repurchased 1,887,464 STRC shares, a variable-rate perpetual preferred stock. Its Bitcoin purchases averaged $79,012 per coin, including fees and expenses. Strategy funded the transactions by selling 2,051,348 shares of its MSTR common stock through an at-the-market program. The sales generated $283.8 million in net proceeds: $81.9 million went to Bitcoin purchases, $188.3 million to the STRC repurchase and $13.6 million to USD Cash. As of Nov. 8, Strategy held 850,364 BTC, acquired for $64.16 billion at an average cost of $75,456 per coin. It also had a $4.77 billion USD Reserve and $146.2 million in USD Cash.

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