Strategy Buys Another 1,036 Bitcoin for US$82 Million as Bitmine Closes In on 5% ETH Goal

Michael Saylor’s Strategy (MSTR) has just bought another 1,036 Bitcoin . The company now controls roughly one out of every 25 Bitcoin that will ever exist – or about 4%. The purchase, reported on 9 November, was made at an average price of US$79,012 (AU$114,157) per coin and cost US$81.9 million (AU$118.3 million). Strategy also repurchased US$188.3 million (AU$272.1 million) worth of its STRC preferred shares. Both transactions were funded through sales of MSTR common stock. The total BTC holdings of Strategy are now 850,364 BTC, worth US$63.6 billion (AU$91.9 billion) at Bitcoin’s current price of US$74,793 (AU$108,038) per coin.