Strategy expands bitcoin holdings after latest $65.5 million purchase
Fresh share sale proceeds are continuing to fund Strategy's bitcoin accumulation as the company resumes buying after a brief pause. The latest purchase lifts its holdings to 849,327 BTC, extending one of the largest corporate treasury positions in the crypto market.
Highlights
- Strategy acquired 811 BTC for $65.5 million from Oct. 26 to Nov. 1 at an average price of $80,846 per bitcoin, raising its holdings to 849,327 BTC.
- Strategy sold 1,178,552 MSTR shares for $164 million during the period, leaving $18.62 billion in MSTR shares available under its ATM program.
- As of Nov. 1, Strategy's USD Reserve totaled $4.79 billion with a USD Cash balance of $132.7 million, following $208.2 million in STRC preferred share repurchases and $43.4 million in dividend payments.
Latest purchase and funding structure
As reported by The Block, citing the Securities and Exchange Commission filing, Strategy bought 811 BTC for about $65.5 million between Oct. 26 and Nov. 1 at an average price of $80,846 per bitcoin.The purchase brings the company's total bitcoin holdings to 849,327 BTC, valued in the disclosure at about $65.9 billion. Strategy said those holdings were acquired for a total cost of roughly $64.1 billion at an average purchase price of $75,451 per bitcoin, representing more than 4% of bitcoin's total supply cap.
The latest acquisitions were funded with proceeds from at-the-market sales of Strategy's Class A common stock, MSTR, after the company paused purchases the previous week. During the period, Strategy sold 1,178,552 MSTR shares for about $164 million, leaving $18.62 billion of MSTR shares still available for issuance and sale under the ATM program.
Balance sheet position and capital management
Alongside the bitcoin purchase, Strategy repurchased nearly 2.1 million STRC preferred shares last week for around $208.2 million using its USD Cash reserve. The company also used $43.4 million from its USD Reserve to fund dividends on its preferred stock.As of Nov. 1, Strategy's USD Reserve stood at $4.79 billion and its USD Cash balance was $132.7 million, according to the company. The disclosure follows Strategy's report of $19.5 billion in third-quarter net income on Thursday, underscoring the scale of both its balance sheet and its continued capital deployment into bitcoin.
In our earlier article on Equites Property Fund’s interim results and UK exit, we explained how the company lifted its interim distribution after accelerating its withdrawal from the UK and recycling capital into South Africa. We also noted that the Aviva portfolio sale strengthened liquidity and reduced leverage, giving Equites more capacity to fund domestic logistics growth while maintaining its FY27 guidance.
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