Strategy Adds 810 BTC to Push Stash Past 849,000 Coins
Key Summary
Strategy acquired 810 BTC for $65.5M while expanding its reserve holdings, and corporate filings revealed that CFO Andrew Kang will step down on November 5.
Key Bullets
- Strategy purchased 810 tokens for $65.5M to bring total treasury holdings to a record 849,327 BTC.
- The corporate treasury sold 1,180,000 shares of MSTR to raise $164M in fresh fiat capital.
- Total USD reserves sit at $4.9B alongside $132.7M in cash while STRC preferred shares neared par value.
- Chief financial officer Andrew Kang announced a departure date of November 5 after reporting $19.5B in Q3 net income.
Strategy Resumes Purchases With 810 BTC Buy
Strategy acquired 810 tokens for $65.5M at an average price of $80,864, according to a public disclosure published Sunday by executive chairman Michael Saylor. The corporate treasury now holds a total of 849,327 BTC. That purchase followed a brief accumulation pause during the prior week. Strive captured market attention instead by executing its largest single spot acquisition to date.
The corporate buyer funded the latest digital asset addition through equity sales. Filings indicate the firm sold 1,180,000 MSTR shares to raise $164M in fresh capital. Nearly $100M of those proceeds went directly into USD reserves. The company holds $4.9B in total USD assets alongside $132.7M in liquid cash. Liquidity remained robust across all desks.
Preferred Share Buybacks And Capital Allocation
Corporate capital deployment also targeted preferred equity over the past week. Strategy repurchased $208.2M worth of STRC preferred shares as market pricing recovered aggressively. Those instruments now trade less than 1% away from the standard $100 par value. The capital rotation demonstrated a dual focus on debt servicing and digital asset expansion.
Treasury balance sheets absorbed the operations without showing strain. Total net income for the third quarter reached $19.5B. Balance sheet metrics continue to expand. Cash reserves remain heavily prioritized.
Long-Serving Chief Financial Officer Departs Firm
Andrew Kang will step down from his position as chief financial officer on November 5, according to regulatory disclosures. Kang held multiple executive roles including executive vice president and principal accounting officer during his tenure. The sudden exit coincides with the release of record quarterly earnings figures. Markets reacted swiftly to the news.
The departure leaves a massive operational vacancy at the top of the corporate balance sheet management team. Successors have not yet been named in public filings. Trading desks adjusted risk parameters immediately following the announcement. Executive continuity faces a fresh test.
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