Bitcoin Sellers Take a Week of Losses Below $80,000 as Strategy and Strive Keep Buying: Will $75,000 Hold?

Bitcoin (BTC) sellers booked their longest run of daily losses since mid-August last week, Glassnode said on Monday, November 2 , as Strategy and Strive added 935 BTC between them, though Strategy spent three times as much buying back its own preferred stock. Strategy bought 811 BTC for $65.5 million , at an average of $80,846, taking its stash to 849,327 BTC. The same filing shows $208.2 million going into STRC, the preferred stock Strategy sells to fund its purchases, which has been trading just under its $100 face value.