FORTUNE · 2026-11-02 16:21 UTC

Bitcoin giant Strategy, unfazed by Binance hack, adds over $65 million BTC to its holdings

Strategy, Michael Saylor's Bitcoin company, purchased over $65 million worth of Bitcoin (811 BTC at ~$80,800 per coin) between Oct. 26-Nov. 1, its largest buy since late September. The purchases occurred during market turmoil from a $6.3 billion Binance hack by North Korean hackers that caused Bitcoin to drop to $76,600, which Strategy treated as a buying opportunity. Strategy funded the Bitcoin purchases through stock sales and also spent $208 million repurchasing 2 million of its own shares.

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