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7h ago

Strategy Buys 397 Bitcoin, Pushing Treasury to 641,205 BTC

Filings show the purchase drew on $69.5 million in new ATM equity, with more than $46 billion in issuance capacity still available.

Strategy plans to offer 3.5M STRE preferred shares to fund Bitcoin and corporate needs
Strategy adds 397 bitcoin in latest accumulation round

Overview

  • Strategy disclosed in a Nov. 3 Form 8-K that it bought 397 BTC between Oct. 27 and Nov. 2 for $45.6 million at an average price of $114,771.
  • The acquisition lifts total holdings to 641,205 BTC, with an aggregate investment of $47.49 billion at an average purchase price of $74,057 per coin.
  • Proceeds came from multiple at-the-market programs, including MSTR common stock and STRF, STRK, and STRD preferred share issuances, totaling about $69.5 million for the week.
  • Michael Saylor signaled the move with an X post reading “Orange is the color of November,” continuing his pattern of telegraphing new buys to followers.
  • The update landed as President Donald Trump announced a U.S.–China trade deal in Busan, and Bitcoin prices rebounded above $110,000 following the news.