Strategy makes another move: adds 1,036 BTC, bringing total holdings above 850,000
The latest 8-K filing shows that from November 2 to 8, Strategy bought 1,036 bitcoins at an average price of $79,012, spending about $81.9 million. Its total holdings rose to 850,364 BTC, about 4.05% of Bitcoin’s capped supply of 21 million.
One noteworthy detail: during the same week, it also spent $188.3 million buying back STRC preferred stock—more than twice the amount it spent buying bitcoin. Since early October, buybacks have totaled about $1.06 billion, far exceeding the $219.7 million spent on bitcoin purchases over the same period. The funds came from selling about 2.05 million shares of MSTR common stock, raising $283.8 million net.
Now consider the cost basis: the company’s average purchase price across its holdings is $75,456, while this week’s purchase price of $79,012 was above the current price of around $75,000, meaning the latest purchase is currently at an unrealized loss.
Against a backdrop of BTC falling to a more-than-two-month low and continued ETF outflows, the largest corporate buyer is still adding to its holdings—but is also putting more money toward preferred-stock buybacks. That’s a clear shift in signals.
What do you think: is Strategy’s dual-track “buy bitcoin + buybacks” approach meant to stabilize its capital structure, or is it preparing for the next market rally?
#BTC #Strategy #比特币 $BTC $MSTR
The latest 8-K filing shows that from November 2 to 8, Strategy bought 1,036 bitcoins at an average price of $79,012, spending about $81.9 million. Its total holdings rose to 850,364 BTC, about 4.05% of Bitcoin’s capped supply of 21 million.
One noteworthy detail: during the same week, it also spent $188.3 million buying back STRC preferred stock—more than twice the amount it spent buying bitcoin. Since early October, buybacks have totaled about $1.06 billion, far exceeding the $219.7 million spent on bitcoin purchases over the same period. The funds came from selling about 2.05 million shares of MSTR common stock, raising $283.8 million net.
Now consider the cost basis: the company’s average purchase price across its holdings is $75,456, while this week’s purchase price of $79,012 was above the current price of around $75,000, meaning the latest purchase is currently at an unrealized loss.
Against a backdrop of BTC falling to a more-than-two-month low and continued ETF outflows, the largest corporate buyer is still adding to its holdings—but is also putting more money toward preferred-stock buybacks. That’s a clear shift in signals.
What do you think: is Strategy’s dual-track “buy bitcoin + buybacks” approach meant to stabilize its capital structure, or is it preparing for the next market rally?
#BTC #Strategy #比特币 $BTC $MSTR
