The strategy raises $283.8 million from MSTR sales, spending more on buying back STRC than Bitcoin.
The strategist sold 2.05 million MSTR shares for $283.8 million between Nov. 2 and 8, using $81.9 million to buy 1,036 BTC at an average price of $79,012 and $188.3 million to buy back 1.89 million STRC preferred shares. As of November 8, Strategic held 850,364 BTC purchased for approximately $64.16 billion at an average price of $75,456, alongside a reserve of $4.77 billion and $146.2 million in cash.