Strategy buys 811 BTC for about $65 million during Binance hack turmoil
Strategy, the publicly traded Bitcoin-holding company owned by Michael Saylor, announced it bought 811 BTC at an average price of roughly $80,800 per coin between Oct. 26 and Nov. 1, funded by selling common stock, according to the post. The post states the company also spent $208 million of cash to repurchase roughly 2 million STRC shares. It reports that hackers linked to North Korea moved most of roughly $6.3 billion from Binance in about 20 minutes during Strategy's buying run, citing TRM Labs.
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What the sources claim
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Strategy announced it bought 811 BTC at an average price of roughly $80,800 per coin from Oct. 26 through Nov. 1. BTC
“it bought 811 BTC at an average price of roughly $80,800 per coin”
r/CryptoCurrency -
Strategy's purchase was worth over $65 million, its largest since late September. BTC
“bought over $65 million worth of Bitcoin over the past week, its largest purchase since late September”
r/CryptoCurrency -
Strategy funded the Bitcoin purchases by selling shares of its common stock. BTC
“Strategy funded the purchases by selling shares of its common stock”
r/CryptoCurrency -
Strategy spent $208 million of cash to repurchase roughly 2 million STRC shares.
“spent $208 million from its cash holdings to repurchase roughly 2 million STRC shares”
r/CryptoCurrency -
Hackers linked to North Korea moved most of roughly $6.3 billion from Binance in about 20 minutes, according to TRM Labs.
“moved most of the roughly $6.3 billion in about 20 minutes, according to crypto intelligence firm TRM Labs”
r/CryptoCurrency
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-11-02 23:10 UTC. Labels are computed from the sources, not by the model.