Strategy adds to bitcoin holdings as treasury reaches 850,364 BTC

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Strategy adds to bitcoin holdings

Highlights

Strategy purchased 1,036 bitcoin for about $81.9 million at an average price of $79,012 each, raising total holdings to 850,364 BTC.
Strategy funded its latest bitcoin acquisition by selling 2,051,348 MSTR shares for about $283.8 million, with $18.34 billion of shares still available for issuance.
Despite weaker markets with MSTR down 2.1% and bitcoin down 3.2% for the week, Strategy's holdings now account for over 4% of bitcoin’s total supply cap.

SEC filing details latest bitcoin purchase

As reported by The Block, citing Strategy’s Monday filing with the Securities and Exchange Commission, the company bought 1,036 bitcoin for about $81.9 million at an average price of $79,012 per token between Nov. 2 and Nov. 8. The purchase lifts Strategy’s total bitcoin holdings to 850,364 BTC, acquired for about $64.2 billion at an average price of $75,456 per bitcoin, including fees and expenses.

The company says it funded the latest acquisition with proceeds from at-the-market sales of its Class A common stock, MSTR. Over the previous week, Strategy sold 2,051,348 MSTR shares for about $283.8 million, and about $18.34 billion of shares remain available for issuance and sale under that program.

Strategy also says it used its USD Reserve to repurchase 1,887,464 STRC preferred shares for roughly $188.3 million during the same period, while spending $2.1 million to fund dividends on preferred stock. As of Nov. 8, the company’s USD Reserve and USD Cash balances stand at $4.77 billion and $146.2 million, respectively.

Corporate treasury scale and market backdrop

Strategy remains the largest of nearly 200 public companies that have adopted a bitcoin treasury model, extending a position that now accounts for more than 4% of bitcoin’s total supply cap. Executive Chairman Michael Saylor had signaled another purchase before the filing, posting a bitcoin acquisition tracker chart on Sunday with the message, “Connecting the dots.”

The latest disclosure arrives during a weaker week for both the stock and the cryptocurrency. MSTR falls 2.1% over the week to close at $128.93 on Friday, while bitcoin slips 3.2% over the same period.

Our earlier analysis of the Nasdaq 100’s slide highlighted how persistent sell-side pressure kept the index below its 20-day and 50-day moving averages despite pockets of fundamental strength in the tech sector. We also outlined key levels to watch, with attention on whether support could hold or a deeper pullback could open in the following sessions.

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