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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.

Why “Rumor”

  • Only community or trader posts: r/CryptoCurrency

0 independent source groups across 1 post · evidence score 9/100. How labels work

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Its sources described the event in different words, so it was kept as a separate story with its own label. How reports are linked

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What the sources claim

  1. 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
  2. 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
  3. 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
  4. 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
  5. 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

Sources

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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.