Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC
Summary
Strategy bought 1,036 BTC for $81.9 million from November 2–8 at an average $79,012 per coin, bringing its holdings to 850,364 BTC. It also repurchased $188.3 million of preferred stock, funding both purchases by selling MSTR shares. Its USD Cash balance rose to $146.2 million, while its separate reserve for dividends and debt interest stood at $4.77 billion. The update came ahead of MSCI’s decision on whether new index rules could lead to Strategy’s removal from its equity indexes.
