Strategy’s STRC hit $100, but common stock still funded last week’s Bitcoin purchases

Key points

• MicroStrategy's STRC preferred stock reached the $100 mark, but recent filings indicate it did not fund last week's Bitcoin acquisitions.
• According to the November 2 to 8 SEC report, no STRC shares were sold through the ATM program.
• Instead, common stock proceeds funded purchases, while share buybacks absorbed two-thirds of the weekly MSTR capital raised.

Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.