Strategy, a prominent Bitcoin treasury firm, announced the purchase of 1,036 BTC for $81.9 million between November 2 and November 8, according to a filing with the Securities and Exchange Commission (SEC). This marks the second consecutive week the company has added to its Bitcoin holdings.
Latest Bitcoin Acquisition and Treasury Overview
The average purchase price for the recent transaction stood at $79,012 per Bitcoin. Following this acquisition, Strategy’s total Bitcoin holdings rose to 850,364 BTC, which were acquired for a combined value of $64.16 billion at an average price of approximately $75,456 per coin.
The company’s latest purchase exceeded the previous week’s activity, when it bought 811 BTC for $65.5 million after pausing purchases for one week.
Strategy stated it now holds 850,364 BTC and $4.9 billion in USD assets as of November 8, reinforcing its position as one of the largest corporate holders of Bitcoin.
| Week | BTC Acquired | Average Price | USD Spent |
|---|---|---|---|
| Nov 2–8 | 1,036 | $79,012 | $81.9 million |
| Oct 26–Nov 1 | 811 | N/A | $65.5 million |
Stock Transactions and Funding Moves
In addition to purchasing Bitcoin, Strategy repurchased 1,887,464 shares of its variable-rate preferred stock, STRC, for $188.3 million. This represented a decrease from the prior week, when the company spent $208.2 million on similar buybacks.
To finance both the Bitcoin acquisition and the STRC buyback, Strategy sold 2,051,348 shares of its common stock (MSTR), generating $283.8 million in net proceeds. Of this sum, $13.6 million was added to the firm’s USD Cash account.
Unlike the previous week, when the STRC repurchase was funded from USD Cash—bringing the balance down to $132.7 million—the recent proceeds increased the USD Cash balance to $146.2 million as of November 8.
Balance Sheet and Repurchase Programs
Strategy’s separate USD Reserve, designated for managing dividends on preferred stock and servicing debt interest, held $4.77 billion after a $21.1 million dividend payout in the past week. The company still has $560.3 million available under its preferred stock repurchase program and $1 billion remaining for its MSTR stock buyback initiative.
Impending Index Review and Dividend Changes
The company’s latest update comes with anticipation around MSCI’s imminent publication of new index rules, which focus on firms with significant exposure to a single asset. The new guidelines may result in the removal of Strategy from certain equity indexes managed by the index provider.
Strategy’s preferred stock is also adapting to a revised dividend schedule. Shareholders approved a daily dividend structure for all four preferred share classes last month, with the new policy starting for STRC on November 1.
Mini dictionary: MSCI is a major global index provider that offers financial market indexes used by investors and funds to benchmark equity performance. Its reviews can lead to the inclusion or exclusion of companies in popular market indexes, significantly impacting stock demand and trading volumes.
