Strategy Buys 1,036 BTC for $81.9 Million and Spends $188.3 Million Buying Back Its STRC Preferred
Strategy purchased 1,036 bitcoin for $81.9 million between 2 and 8 November and held 850,364 bitcoin as of 8 November, according to its filing of 9 November. It funded the purchase with $81.9 million of the $283.8 million in net proceeds of selling 2,051,348 Class A common shares, used $188.3 million to repurchase 1,887,464 STRC preferred shares and allocated $13.6 million to USD Cash. It used $21.1 million of its USD Reserve to pay preferred dividends. As of 8 November the USD Reserve stood at $4.77 billion and USD Cash at $146.2 million. The two filings do not reconcile to the unit: holdings rose by 1,037 from the 849,327 reported as of 1 November, against 1,036 bought. Both state whole bitcoin, and the filing does not explain the difference.
Sources:satoshigazette.org