Strategy bought 811 bitcoins for about $65.5 million and repurchased $208.2 million of STRC preferred stock. The purchases brought its bitcoin holdings to 849,327, according to the excerpt. It says common stock sales through an at-the-market offering raised $164 million in net proceeds, part of which funded the bitcoin purchase.
Strategy reported Q3 net income of $19.5 billion and operating income of $20.91 billion, with rising cryptocurrency valuations lifting the results. Executive Chairman Michael Saylor said a new bitcoin bull market had begun.
