Cryptoupdated 1h ago2 min read
Archive photo · 4 December 2017Strategy Buys 1,036 Bitcoin, Lifting Holdings to 850,364 BTC
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Strategy bought 1,036 BTC for $81.9 million, raising holdings to 850,364 BTC. ATM stock sales funded the BTC purchase and $188.3M STRC buybacks within $283.8M net proceeds.
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Strategy adds 1,036 BTC
Strategy Inc. acquired 1,036 BTC for approximately $81.9 million between Nov. 2 and Nov. 8, 2026, lifting its holdings to 850,364 BTC.
Strategy disclosed in a Nov. 9 Form 8-K that it paid an average of $79,012 per coin for the latest tranche, including fees and expenses.
Strategy said it spent $64.16 billion in total for its Bitcoin holdings, reflecting an average purchase price of $75,456 per BTC, including fees and expenses.
Michael Saylor posted on X on Nov. 8 with the caption “Connecting the dots,” and Strategy later confirmed the purchase in its scheduled weekly disclosure.
Strategy also reported that it sold 2,051,348 shares of Class A common stock for approximately $283.8 million in net proceeds, with $81.9 million directed toward bitcoin purchases.
Funding and STRC buybacks
Strategy financed the bitcoin purchase through sales of MSTR common stock, and it simultaneously repurchased $188.3 million in STRC preferred shares.
Strategy’s filings showed that the company repurchased 1,887,464 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) during the same reporting period.
Strategy reported that it allocated $188.3 million to STRC repurchases while directing $81.9 million to Bitcoin purchases, and it also allocated $13.6 million to USD Cash.
Strategy said it had $560.3 million remaining under its preferred securities repurchase program as of Nov. 8, and it reported $4.77 billion in its designated USD Reserve plus $146.2 million in separate cash holdings.
Michael Saylor wrote on X that “Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC,” tying the bitcoin addition to the preferred-share buyback in the same message.
Holdings, cost basis, and next
Strategy’s latest disclosures left its Bitcoin treasury at 850,364 BTC, and Strategy reported that the company’s total acquisition cost reached approximately $64.16 billion.
Strategy’s filings put the latest average purchase price at $79,012 per BTC, while the company’s historical average acquisition price was $75,456 per BTC, including fees and expenses.
CryptoTicker.io said Bitcoin was trading around $74,030 on Monday morning, Nov. 9, placing it below Strategy’s $75,451 average at which Strategy bought its 849,327 Bitcoin.
CryptoTicker.io also stated that the largest corporate holding was sitting on a paper loss of a little more than $1.2 billion, and it described the gap to the cost basis as about $1,420 per coin.
Strategy’s SEC filing also showed that Strategy used $21.1 million from its USD Reserve to pay preferred-stock dividends during the week, while its separate $1 billion common-stock repurchase authorization remained unused.