FudPanic

Back to the feed

Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking

Bitcoin Magazine BTC Bullish

Strategy (MSTR) bought another 811 BTC for about $65.5 million between October 26 and November 1, lifting its holdings to 849,327 BTC. The purchase was funded by selling about $164 million of common stock rather than new preferred shares, and the firm also spent roughly $208 million buying back STRC preferred stock. Traders watch Strategy's buying closely as a major institutional bitcoin demand signal.

Read the full story on Bitcoin Magazine

Also covered by