Skip to content
Airdrop News

Airdrop news, gathered from 259 outlets every half hour

Strategy buys 811 Bitcoin, repurchases $208 million in STRC shares

Picture: Crypto Briefing

The company funded the latest purchase through MSTR stock sales, which brought in $164 million in net proceeds. Strategy added 811 BTC to its Bitcoin treasury for $65.5 million over the week ended Nov. 1, raising its holdings to 849,327 BTC worth approximately $66 billion. The purchase was financed through MSTR stock sales, which generated $164 million in net proceeds between Oct. 26 and Nov. 1. Strategy allocated $65.5 million to Bitcoin and kept the remaining $98.5 million in USD Cash. Bitcoin dipped below $77,000 last week as the market digested the fallout from the $6.3 billion Binance hack .

You are reading an excerpt. Crypto Briefing wrote and owns the full article.

Continue reading at cryptobriefing.com

Also reported by

  • COINTURK NEWS

Related stories

More crypto news

All Crypto & Bitcoin