Strategy Scoops $66M Bitcoin Amid Price Slump
Key Summary
Bitcoin slid 1.5% in 24 hours to $76,751 Tuesday morning after corporate treasury firm Strategy announced the acquisition of 811 BTC for $66.00M, lifting total institutional reserves to 849,327 tokens.
Key Bullets
- Strategy purchased 811 Bitcoin for $66.00M over the past week at an average price of $80,846 per token.
- Corporate treasury reserves now total 849,327 Bitcoin following the latest accumulation round by chairman Michael Saylor.
- Strategy repurchased $208M of its perpetual preferred stock STRC which currently trades at $99.28 with a 12.00% yield.
- Bitcoin changed hands at $76,751 after dropping nearly 4% over the course of the previous week on spot exchanges.
Strategy Adds 811 Bitcoin to Reserves
Bitcoin dropped 1.5% over a 24-hour window to $76,751 Tuesday morning as corporate treasury firm Strategy disclosed the acquisition of 811 BTC for $66.00M. Public filings confirm the purchase happened across the past week at an average execution price of $80,846 per token. Strategy chairman Michael Saylor orchestrated the buy to lift total corporate reserves to 849,327 tokens. Trading desks observed steady order flow throughout the accumulation period.
The recent purchase follows a quiet previous week where corporate accounts remained flat without adding or selling assets. Public on-chain records confirm the firm previously stacked 3,466 BTC worth $292M across five consecutive weeks between September and October. Corporate buyers absorbed the supply directly off spot order books without triggering immediate liquidity crunches. Market participants watched the incoming volume clear major exchange clearinghouses.
Preferred Stock Repurchases and Yield Metrics
Strategy disclosed the repurchase of $208M worth of STRC, the firm perpetual preferred stock carrying a 12.00% annual dividend rate. Exchange pricing data shows STRC trading at $99.28 against a standard par value of $100. Corporate balance sheet disclosures indicate these capital allocations operate alongside ongoing digital asset accumulation programs. Fixed income desks monitored the yield spreads closely during the repurchase window.
Prior summer quarters witnessed Strategy executing its first digital asset sales since 2022 to bolster cash reserves and fund dividend obligations. Those sales ran through a newly introduced monetization framework before corporate strategy pivoted back toward aggressive accumulation. Public shareholders absorbed the corporate maneuvering without visible pushback. Capital allocation priorities shifted immediately back to reserve expansion.
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