Strategy buys 811 BTC for $65.5 million, lifting its holdings to 849,327 BTC

Strategy bought 811 BTC for about $65.5 million between October 26 and November 1, at an average price of $80,846 per coin, according to a filing with the US Securities and Exchange Commission on November 2. That brought its holdings to 849,327 BTC as of November 1.

What Strategy disclosed

The purchase resumed Strategy's buying after a one-week pause: in its October 26 filing, the company said it had not bought or sold any Bitcoin from October 19 to 25. The new coins were paid for through at-the-market sales of its class A common stock. Strategy sold 1,178,552 MSTR shares for about $164 million in net proceeds; $65.5 million funded the Bitcoin and $98.5 million went to its USD Cash balance. It still has $18.62 billion of capacity under that program.

In the same period, the company repurchased nearly 2.1 million shares of its STRC preferred stock paid for with $208.2 million from its USD Cash balance, and used $43.4 million from its separate USD Reserve to pay preferred dividends.

As of November 1, Strategy's USD Reserve stood at $4.79 billion and its USD Cash balance at $132.7 million, according to the filing.

Item	Figure
BTC bought	811
Cost	about $65.5 million
Average purchase price	$80,846
Total holdings	849,327 BTC
Total cost	about $64.1 billion
Average cost per BTC	$75,451

Why it matters

With 849,327 BTC on its balance sheet, Strategy's weekly purchases are closely watched as a source of steady demand. This one came during a week in which Bitcoin fell after the Binance hack. The company paid an average of $80,846 for the new coins, above its overall average cost of $75,451.

What it could mean for traders

Strategy's buying depends on its ability to raise money by selling shares and preferred stock. The size of each weekly purchase, the amount of stock sold to fund it, and the gap between Bitcoin's price and the company's average cost are the indicators the market tracks. Bitcoin fell to about $73,980 at 22:00 UTC on November 8, its lowest level since August and below Strategy's average cost of $75,451, according to CoinGecko hourly data.