TREE NEWS update: Strategy bought 1,036 bitcoin for about $81.9 million between Nov. 2 and Nov. 8 at an average price of $79,012, bringing its total holdings to 850,364 BTC. 9 8-K filing. The company’s cumulative cost basis of about $64.16 billion works out to an average of roughly $75,456 per coin, above the current spot price. Strategy funded the purchase partly through an at-the-market sale of 2,051,348 Class A shares that raised about $283.8 million net.
Strategy Buys 1,036 BTC for $81.9M; Total Holdings 850,364 BTC
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AI take
Strategy's latest buy lands with its average cost basis now above spot, a detail that matters more than the modest 1,036 BTC addition: the company is under water on its aggregate position, and the purchase was funded through equity issuance rather than cash flow. That equity-for-bitcoin model is the real signal — it ties future accumulation to share demand and market appetite rather than to operating cash. Whether the ATM channel remains available on comparable terms, and how the cost-basis gap against spot evolves, are the open questions worth tracking.
Generated by AI for reference only.
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