Strategy buys 811 bitcoin after a one-week pause
Strategy bought 811 BTC for $65.5 million between October 26 and November 1, and now holds 849,327 BTC, according to an SEC filing reported by Decrypt.
The facts
- According to Decrypt, citing an SEC filing, Strategy bought 811 BTC for $65.5 million between October 26 and November 1, at an average of $80,846 per coin.
- It raised $164 million in net proceeds by selling 1,178,552 MSTR shares: $65.5 million went to Bitcoin and $98.5 million to its USD Cash account.
- It also spent $208.2 million of USD Cash buying back 2,092,035 STRC shares, leaving USD Cash at $132.7 million, down from $242.4 million a week earlier.
- Strategy holds 849,327 BTC, bought for $64.08 billion at about $75,451 per coin. MSCI is due to publish its list of companies affected by its single-asset rule on November 11.
Case notes · Danny's take
Why it matters
The headline says Strategy is buying again. The balance sheet says something more mixed. Most of the cash raised from selling shares went to the cash pile, and more than that went out to buy back preferred stock. Mizuho flagged that Bitcoin per share has fallen 3.7% this year, so growing the coin count and growing it per share are not the same thing. Add the MSCI index decision on November 11 and you have a company managing its structure as much as stacking coins.
For traders
Don't trade the weekly filing as a signal. Watch the next few Monday filings to see whether purchases continue or the USD Cash balance keeps shrinking. Also watch what happens around MSCI's November 11 list, because index decisions can force selling that has nothing to do with Bitcoin itself.
For builders
Treasury companies now run dividend schedules, cash reserves and buybacks alongside their coin holdings. If you build tools for reporting or analytics, there is a gap in tracking Bitcoin per share, reserve coverage and funding sources in one place.
Not financial advice. Do your own investigation.
This story was summarised with AI from Decrypt's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.