Strategy raises $283.8m from MSTR sales, buys 1,036 btc and repurchases strc
The firm used the proceeds to add over 1,000 btc to its reserve and to buy back STRC preferred shares, now holding more than 850,000 btc worth about $64bn.
Key takeaways
- 1Strategy sold 2.05 million MSTR shares for $283.8 million
- 2It spent $81.9 million to buy 1,036 btc at $79,012 each
Strategy sold 2.05 million MicroStrategy (MSTR) shares for $283.8 million between Nov 2 and Nov 8, and allocated the proceeds to buy 1,036 btc and repurchase 1.89 million STRC preferred shares.
The firm spent $81.9 million on the btc purchase at an average price of $79,012 per coin, and $188.3 million on the STRC buyback. As of Nov 8, Strategy held 850,364 btc acquired for roughly $64.16 billion at an average cost of $75,456, a $4.77 billion USD reserve and $146.2 million in cash. The cash balance rose to $146.2 million after the transactions.
Strategy is a crypto‑investment manager that builds large bitcoin reserves and issues STRC preferred shares to fund operations. Its holdings make it one of the biggest private bitcoin owners, and the STRC token is used to raise capital and align incentives with investors.
The new btc purchase signals confidence in the digital asset despite market volatility, while the STRC repurchase reduces outstanding preferred shares, potentially supporting the token’s price. Investors will watch future MSTR sales, btc price movements and any further STRC buybacks for signs of the firm’s strategy.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.