Strategy, Inc. (MSTR) has expanded its bitcoin holdings by 1,036 BTC, acquiring the assets for approximately $81.9 million between November 2 and November 8. The purchase was made at an average price of $79,012 per bitcoin, according to a recent filing with the Securities and Exchange Commission.
The company now holds a total of 850,364 BTC, which represents over 4% of bitcoin's total supply cap. Strategy's cumulative bitcoin acquisitions have cost around $64.2 billion, with an average price of $75,456 per bitcoin, including fees and expenses.
To fund the latest bitcoin purchases, Strategy utilized proceeds from at-the-market sales of its Class A common stock, MSTR. Last week, the company sold 2,051,348 MSTR shares for approximately $283.8 million. Additionally, Strategy repurchased 1,887,464 STRC preferred shares for roughly $188.3 million and allocated $2.1 million to fund dividends on its preferred stocks.
As of November 8, Strategy's USD Reserve and USD Cash balances stood at $4.77 billion and $146.2 million, respectively. The company remains the largest among nearly 200 public companies that have adopted a bitcoin treasury model.