Strategy increases BTC holdings by 1,036, repurchases $188.3 million of STRC

TechFlow reported that on November 9, according to a Form 8-K filing submitted by Strategy, the company purchased 1,036 BTC for approximately $81.9 million between November 2 and November 8, at an average purchase price of $79,012 per BTC (including fees).

As of November 8, Strategy held 850,364 BTC with a total acquisition cost of approximately $64.16 billion, averaging $75,456 per BTC. During the same period, the company repurchased 1,887,464 shares of STRC preferred stock for approximately $188.3 million. Funding for both the Bitcoin purchases and the share buybacks was derived entirely from net proceeds generated from the sale of MSTR stock.