Strategy Resumes Bitcoin Buys With $66M Purchase
Summary
Strategy resumed Bitcoin buying after a one-week pause, acquiring 811 BTC for $65.5 million at an average price of $80,846. It funded the purchase by selling MSTR shares, while allocating the rest of the proceeds to its cash account. The company now holds 849,327 BTC, bought for $64.08 billion at an average of about $75,451. It also repurchased $208.2 million of preferred shares. Strategy reported $4.9 billion in combined USD assets, including a $4.79 billion reserve for dividends and debt interest. Its preferred shares are moving to daily dividends. The company faces potential removal from MSCI equity indexes, with affected companies due to be announced November 11.
