Overview
- An SEC filing shows Strategy acquired 8,178 BTC between Nov. 10 and Nov. 16 for $835.6 million at an average price of $102,171 per coin.
- Total holdings now stand at 649,870 BTC purchased for about $48.37 billion, reflecting an average cost of $74,433 per bitcoin.
- Funding came chiefly from a euro‑denominated STRE preferred offering raising roughly €620 million (~$703.9 million net) plus $136.1 million from ATM sales of STRC, STRF and STRK, with no common stock issued during the week.
- Strategy’s shares hovered near the value of its bitcoin treasury, with recent trading around $195–$200 and reported multiples to net asset value ranging from a slight discount to a small premium.
- Criticism of the funding model intensified as Peter Schiff called it a fraud and invited a public debate, while Arca’s Jeff Dorman and other analysts said fears of forced bitcoin sales are unfounded and Michael Saylor reiterated the company is buying, denies any selling, and says it would not liquidate even in severe drawdowns.