Strategy Bitcoin Purchase Adds 1,036 BTC for $82M - Bitcoin Foundation

Strategy's Bitcoin purchase added 1,036 BTC at approximately $79,150 per coin for a total of $82 million, Michael Saylor announced on November 9. This brings the company's reported holdings to 850,364 BTC as of November 8, setting a new record for the company's treasury. The announcement also included a $188 million repurchase of STRC shares and reported $4.9 billion in USD assets.

The latest purchase represents Strategy's return to Bitcoin accumulation after a brief pause in October, following a substantially larger acquisition of 6,182 BTC for over $511 million two weeks prior.

Corporate Bitcoin Activity

Strategy was not the only corporate buyer mentioned in the coverage. Strive CEO Matt Cole announced his company purchased 29 BTC for $2.2 million, at an average of $75,721 per coin, bringing Strive's holdings to 43,153 BTC. While much smaller than Strategy's latest addition, this provides another data point on corporate treasury activity in Bitcoin.

Treasury Significance

Strategy's holdings represent more than 4% of Bitcoin's total supply cap, making it one of the largest single corporate accumulations tracked by investors. The Block noted that Strategy's position carries approximately $500 million in paper gains, though this is an unrealized position that can change with Bitcoin's price fluctuations.

The company's reported average acquisition price stands at $75,456 per BTC, according to CryptoPotato. The latest purchase at approximately $79,150 per coin is above this average, though the announcement does not provide a revised blended average cost after this transaction.

Market Context

Bitcoin's market price at the time of the announcement was below Strategy's reported average cost, with CoinGecko showing BTC at $74,612. This creates a situation where the company's holdings may be trading slightly below their aggregate cost basis, though this can change rapidly with market movements. CryptoPotato reported Bitcoin had fallen below $74,000 earlier that day before recovering to around $74,800.

The announcement does not specify how the Bitcoin purchase was funded or provide details on the company's cash movements. It also does not indicate a date for future purchases, though the recent sequence shows varying purchase sizes from one announcement to the next. Investors will likely watch for future updates to see if Strategy continues to add to its treasury and how its USD assets change.