Saylor posted “Connecting the dots” alongside a link to his Bitcoin tracking chart. He has often shared similar updates before Strategy’s Monday disclosures, but the post gave no purchase amount or indication that a new buy had taken place. Any acquisition since November 1 would need confirmation in the company’s next official filing.
Strategy said on November 2 that it had bought 811 BTC for about $65.5 million between October 26 and November 1, paying an average of $80,846 per coin, including fees and expenses. Its reported holdings reached 849,327 BTC, acquired for a total of $64.08 billion. The company’s filing said it sold 1,178,552 MSTR shares through its at-the-market offering, raising $164 million net; $65.5 million went toward the Bitcoin purchase and $98.5 million to its cash balance. Strategy also repurchased 2,092,035 STRC preferred shares for $208.2 million using existing cash. It reported a $4.79 billion dollar reserve and another $132.7 million in cash at November 1.
The latest post followed a separate November 7 message in which Saylor discussed the financial structures behind Strategy’s preferred shares and what he calls digital credit. STRC closed at $99.84 on November 6, up 0.38% for the session, according to Google Finance. Strategy’s dashboard recently put its market-value-to-net-asset-value ratio near 1.12 times; MSTR closed at $128.93 on November 6.
Bitcoin remained below the average cost of Strategy’s latest purchase, while trading close to its overall average. Market pressure included about $1.28 billion in net withdrawals from U.S. spot Bitcoin ETFs from November 2 to 6, including $411.9 million on November 6, according to a November 7 market assessment. Investors were also watching MSCI’s scheduled November 11 index review, which could address the eligibility of companies with substantial digital-asset holdings. Strategy has estimated index-tracking funds held about 13 million MSTR shares, or 3.1% of its basic outstanding shares.
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