Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC

What happened: Strategy bought 1,036 BTC for $81.9 million between November 2 and November 8, its second straight weekly purchase, and repurchased $188.3 million of its STRC preferred stock. Key numbers: 1,036 BTC for $81.9 million at an average of $79,012 per coin. Why it matters: The purchase is larger than the prior week's 811 BTC, and the buyback was funded by MSTR sales rather than USD Cash. MSCI is due to publish the list of companies affected by its new single-asset rules two days later, which could remove Strategy from its equity indexes. Coverage: 4 outlets in 24h

Strategy bought 1,036 BTC for $81.9 million between November 2 and November 8, its second straight weekly purchase, and repurchased $188.3 million of its STRC preferred stock.

The purchase is larger than the prior week's 811 BTC, and the buyback was funded by MSTR sales rather than USD Cash. MSCI is due to publish the list of companies affected by its new single-asset rules two days later, which could remove Strategy from its equity indexes.