Strategy Resumes Bitcoin Buys With $66M Purchase

What happened: Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming purchases after a one-week pause, per an SEC filing. It also repurchased STRC shares for $208.2 million. Key numbers: 811 BTC for $65.5 million at an average of $80,846 per coin. Why it matters: Mizuho kept its Outperform rating and $165 target on $MSTR, citing net leverage down to 2.4% from 8.4%, but flagged dilution as Bitcoin per share fell 3.7% this year. MSCI may remove the company from its indexes, with the list due November 11.

Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming purchases after a one-week pause, per an SEC filing. It also repurchased STRC shares for $208.2 million.

Mizuho kept its Outperform rating and $165 target on $MSTR, citing net leverage down to 2.4% from 8.4%, but flagged dilution as Bitcoin per share fell 3.7% this year. MSCI may remove the company from its indexes, with the list due November 11.