Strategy buys 811 Bitcoin for $65.5M, repurchases $208.2M in preferred shares

The largest corporate Bitcoin holder spent more than three times as much on preferred stock buybacks as it did on new coins Strategy added another 811 Bitcoin to its treasury, spending $65.5 million on the purchase. The company also repurchased $208.2 million of its preferred shares, more than three times what it put into Bitcoin. The 811 BTC purchase is modest by Strategy’s standards. The company’s weekly Bitcoin acquisitions typically land in the range of a few hundred coins, so this one sits at the upper end of normal rather than breaking any records.