Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC

Strategy bought 1,036 bitcoin for $81.9 million in the week to 8 November, extending its purchases for a second consecutive week. It also repurchased $188.3 million of its variable-rate preferred shares, while raising funds mainly by selling ordinary shares.

The company paid an average of $79,012 per bitcoin and now holds 850,364, bought for a total of $64.16 billion at an average of about $75,456 each. Sales of 2,051,348 MSTR shares raised $283.8 million net; after the bitcoin purchase and preferred-share buyback, its USD Cash balance rose to $146.2 million. The update comes ahead of MSCI’s decision on whether new rules for companies dominated by a single asset could exclude Strategy from its equity indexes.