Strategy bought 811 BTC between the last week of October and the first week of November, raising its holdings to 849,327 BTC, or more than 4% of the circulating supply. The company also acquired $208 million worth of STRC securities while retaining $4.9 billion in cash and cash equivalents. Its overall leverage fell from 108% in January 2023 to 3% in November, giving it more room to fund operations and accumulate Bitcoin without immediately selling any holdings. This institutional strategy nevertheless increases its exposure to Bitcoin price fluctuations. Custody security and transparency, including cold storage and multi-signature wallets, remain essential to sustaining institutional demand.
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