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Project update
Strategy buys 1,036 BTC for $81.9M, lifting holdings to 850,364 BTC

Strategy buys 1,036 BTC for $81.9M, lifting holdings to 850,364 BTC

The largest corporate bitcoin holder kept its weekly buying going between November 2 and November 8, as its latest Form 8-K filing shows. The purchase was funded entirely with net proceeds from MSTR common stock sold through its at-the-market program.


Strategy paid an average of $79,012 per coin, above its overall average cost of $75,456. Its total bitcoin stack was acquired for about $64.16B.



Bitcoin got the smaller share of the money: of $283.8M raised from MSTR sales, $188.3M went to buying back STRC preferred stock and only $81.9M to BTC.


The company also spent $21.1M from its USD Reserve on preferred dividends during the week. The reserve stood at $4.77B as of November 8, with $146.2M held as USD Cash.