Michael Saylor’s Strategy continues to buy Bitcoin on a two week clip, disclosing a 397 bitcoin purchase Monday morning.
The company said it acquired the digital currency between Oct. 27 and Nov. 2 for $45.6 million, at an average price of $114,771 each.
As of Nov. 2, Strategy held 641,205 bitcoins purchased at a total cost of $47.49 billion, or $74,057 per bitcoin including fees and expenses. Purchases were funded through its various preferred-stock and common-stock ATM offerings.
During the same week, the company sold:
- 76,017 STRF preferred shares for $7.6 million in face value, generating $8.4 million in proceeds.
- 49,374 STRK preferred shares for $4.9 million, generating $4.4 million.
- 29,065 STRD preferred shares for $2.9 million, generating $2.3 million.
- 183,501 MSTR common shares for $54.4 million.
At the start of November, Strategy reported remaining capacity of roughly $1.7 billion for STRF, $4.2 billion for STRC, $20.3 billion for STRK, $4.1 billion for STRD, and $15.9 billion for MSTR under its active ATM programs.
