Strategy buys 811 bitcoin for $65.5 million after a week off, but spends $208.2 million buying back its own preferred shares

Strategy said in a filing on Monday that it bought 811 bitcoin for $65.5 million in the week of October 26 to November 1, after it made no purchases the week before. The average price was $80,846 per coin, and total holdings reached 849,327 bitcoin, bought for about $64.08 billion at an average of $75,451, according to Bitcoin Treasuries and crypto.news. Fortune called it the company's largest purchase since late September.

The company paid for the coins by selling 1,178,552 shares of its common stock for about $164.0 million in net proceeds; $65.5 million went to bitcoin and $98.5 million to cash. It also spent $208.2 million of that cash on 2,092,035 shares of its STRC preferred stock, leaving $748.6 million under its repurchase program.

Across October 12 to November 1, Bitcoin Treasuries counts $606.2 million of STRC buybacks against $87.6 million of bitcoin purchases. Strategy's USD reserve was $4.79 billion on November 1. Bitcoin traded near $77,700 on Monday, below the week's average purchase price, crypto.news reported.