Saylor's Sunday hint turned into a Monday filing — I've been tracking this weekly pattern, and this time the follow-through came with a twist.
Strategy bought 810 $BTC for $65.5 million in the week ended Nov 1, lifting its treasury to 849,327 BTC, worth roughly $66 billion at current prices. It was funded by $164 million of MSTR share sales; $98.5 million stayed parked as cash.
What caught my eye: the same week, Strategy spent $208.2 million buying back its own STRC preferred shares — over three times the bitcoin cheque. It bought while BTC dipped below $77,000 on Binance-hack fallout — steady accumulation, not panic.
But the mix matters: is this still a bitcoin-first treasury story, or does preferred-share management now eat the bigger cheque? The latter deserves more attention than the headline buy. DYOR — not a signal, just the filing as it stands.
What do you make of the buyback dwarfing the buy?
#Bitcoin #Strategy #Treasury
Strategy bought 810 $BTC for $65.5 million in the week ended Nov 1, lifting its treasury to 849,327 BTC, worth roughly $66 billion at current prices. It was funded by $164 million of MSTR share sales; $98.5 million stayed parked as cash.
What caught my eye: the same week, Strategy spent $208.2 million buying back its own STRC preferred shares — over three times the bitcoin cheque. It bought while BTC dipped below $77,000 on Binance-hack fallout — steady accumulation, not panic.
But the mix matters: is this still a bitcoin-first treasury story, or does preferred-share management now eat the bigger cheque? The latter deserves more attention than the headline buy. DYOR — not a signal, just the filing as it stands.
What do you make of the buyback dwarfing the buy?
#Bitcoin #Strategy #Treasury