Strategy’s Bitcoin Holdings Top 850,000 Tokens

Cryptocurrency treasury firm Strategy (NASDAQ: $MSTR) has bought more Bitcoin (CRYPTO: $BTC), pushing its holdings to more than 850,000 digital tokens. 
 
Strategy acquired another 1,036 BTC during the week ended Nov. 6 at a cost of $81.9 million U.S. The company bought more Bitcoin at an average price of $79,012 U.S. per token. 

Strategy now owns a total of 850,364 Bitcoin, representing more than 4% of its circulating supply. The company is the largest corporate holder of BTC in the world. 

The firm's Bitcoin is currently worth $63.35 billion U.S. with BTC trading at $74,500 U.S. early on Nov. 9. 

Last week, Strategy sold 2,051,348 MSTR common shares for $283.8 million U.S. to help fund its latest Bitcoin purchases. 

As of Nov. 8, Strategy's U.S. dollar reserves and cash balances stood at $4.77 billion U.S. and $146.2 million U.S., respectively.

MSTR stock has declined 46% over the past 12 months to trade at $128.93 U.S. per share.