Strategy resumed its pace of increasing its Bitcoin holdings, buying 811 Bitcoins worth $65.5 million; at the same time, Strive, also a vault company, reportedly bought another 124 Bitcoins, costing approximately $10 million.

• Strategy purchased 811 BTC for $65.5 million, increasing its total Bitcoin holdings to 849,327.
• Strive is reported to have purchased another 124 BTC, costing approximately 10 million US dollars, bringing its holdings to 43,124.
• In the most recent reporting period, the two companies purchased a total of 935 BTC, with a total value of approximately 75.5 million US dollars.
• Strategy raised $164 million by selling MSTR shares and additionally repurchased $208.2 million of STRC preferred stocks.
• On November 2nd, the trading price of Bitcoin was around $77,700, which is lower than the average purchase price disclosed by two companies.

According to the document submitted by Strategy on November 2nd, the company purchased Bitcoin from October 26th to November 1st, with an average price of $80,846 per coin. The report states that Strive purchased Bitcoin during the most recent reporting period at an average price slightly higher than $80,500 per coin.

The two purchases totaled 935 BTC, with a total value of approximately 75.5 million US dollars. At the time of the related disclosure, Bitcoin had fallen below 80,000 US dollars, and on November 2nd, the trading price was around 77,700 US dollars.

Strategy bought 811 BTC after a pause in the previous week.

After not making any purchases in the previous week's report, Strategy resumed buying Bitcoin.

The latest transaction increased his holdings to 849,327 BTC, with a cumulative purchase cost of approximately 64.08 billion US dollars, including fees and expenses.

According to company documents, the average purchase cost of its entire Bitcoin portfolio is $75,451 per coin.

Calculated at the market price of approximately $77,700 on November 2nd, the price of Bitcoin is lower than Strategy's most recent purchase price, but higher than its overall average holding cost.

The company sold 1,178,552 shares of MSTR common stock through its "issue at market price" plan to raise funds for the latest round of coin purchases.

These transactions resulted in a net profit of approximately $164 million, of which $65.5 million was directly used to purchase Bitcoin.

An additional $98.5 million has contributed to the company's cash balance in US dollars, which management has used for Bitcoin acquisitions and other financial management activities.

Strategy indicates that no preferred stocks were sold during this period; therefore, this new purchase of Bitcoin is separate from its preferred stock financing arrangement.

As previously reported by crypto.news, Strategy suspended bitcoin purchases from October 19th to 25th, but continued to repurchase its preferred stocks.

Before the latest purchase, this pause allowed him to maintain his holdings of 848,517 BTC unchanged.

Strategy invests $208.2 million to repurchase STRC shares

While purchasing Bitcoin, Strategy also repurchased 2,092,035 shares of STRC preferred stock for approximately $208.2 million.

STRC is a type of floating-rate preferred security designed to provide investors with regular dividend payments.

According to the 8-K filing, the company used its existing cash in US dollars to fund these repurchases.

Within this week, the amount used by Strategy to repurchase STRC was more than three times its expenditure on purchasing Bitcoin.

Previous reports on the repurchase of STRC also recorded a similar pattern of capital allocation.

From October 5th to 11th, Strategy purchased 250 units of BTC for 21.5 million US dollars, and at the same time spent approximately 192.4 million US dollars to repurchase preferred stocks.

Management stated that repurchasing STRC at a discount is aimed at reducing the future dividend obligations associated with the outstanding preferred securities.

A document dated November 2nd shows that there is still $748.6 million available under its digital credit securities repurchase authorization.

As of November 1st, the US dollar reserves designated by Strategy amounted to 4.79 billion US dollars, with a separate cash balance of 132.7 million US dollars.

During the reporting period, the company utilized $43.4 million from its reserve funds to pay preferred stock dividends.

Strive increased its holdings by another 124 BTC after making a record purchase from the vault.

Meanwhile, Strive reported purchasing 124 BTC, costing approximately 10 million US dollars, which increased its total holdings to 43,124 BTC.

Before this latest purchase, the company had bought 6,182 units of BTC from October 17th to 23rd, which was its largest single purchase at that time.

According to the document submitted by Strive in October, the average purchase price for the aforementioned transaction was $82,732 per coin.

Through that purchase, Strive's position increased from 36,818 BTC to 43,000 BTC.

The latest purchase of 124 BTC was significantly smaller in scale, with expenditures dropping from over $511 million to about $10 million.

Reports indicate that most of the funds used by Strive for this new purchase come from existing cash.

During the reporting period, its cash and cash equivalents decreased from $504.4 million to approximately $490.4 million.

The company continues to hold 505,000 shares of STRC issued by Strategy, maintaining an exposure to its competitor's preferred securities.

Previous analyses regarding treasury financing discussed how the two companies utilized preferred stocks to support Bitcoin purchases.

Strive raised approximately $630 million through the issuance of its SATS preferred stocks in October; these securities have a fixed annual dividend rate of 15% based on their par value.

After Bitcoin fell below $80,000, corporate treasuries continued to buy in.

After the Binance security vulnerability incident on October 29th, Bitcoin fell below $80,000, followed by the disclosure of the aforementioned company's purchasing activities.

The prices at which Strategy and Strive completed their purchases were both higher than the market levels on November 2nd.

Calculated at approximately $77,700 per Bitcoin, the latest purchase price of Strategy is about 4% higher than the market price.

It is reported that the average purchase price of Strive was also higher than the market level at that time.

While managing the financing arrangements that support their treasury investment portfolios, both companies continue to increase their holdings of Bitcoin.

It was confirmed that the $65.5 million in Bitcoin purchases made using the Strategy account were all funded from the proceeds of the sale of MSTR stocks, while the repurchase of preferred shares was financed by existing cash.

Strive's most recent disclosed holdings reached 43,124 BTC after a small-scale purchase this week, whereas the figure disclosed on October 26th was 43,000 BTC.