# Strategy buys $65m Bitcoin as Binance hack roils market

> Michael Saylor's Bitcoin firm treats a massive North Korean heist as a buying opportunity, adding 811 coins while the industry questions its security.
- Title: Strategy buys $65m Bitcoin as Binance hack roils market
- Summary: Michael Saylor's Bitcoin firm treats a massive North Korean heist as a buying opportunity, adding 811 coins while the industry questions its security…
- Keywords: strategy, michael saylor, bitcoin, binance, cryptocurrency, north korea, crypto security, bitcoin purchases, buys, 65m, hack, roils
- Source: Fortune — https://fortune.com/2026/11/02/bitcoin-giant-strategy-binance-hack-65-million-holdings
- Author: Camila Grigera Naón
- Read time: 1 min
- Topics: strategy, michael saylor, bitcoin, binance, cryptocurrency, north korea, crypto security, bitcoin purchases
## Strategy seizes on market chaos
Strategy, the publicly traded Bitcoin firm owned by billionaire Michael Saylor, bought over sixty five million dollars worth of Bitcoin from October twenty-sixth through November first, its largest purchase since late September.
## Eight hundred eleven coins at eighty thousand each
Strategy purchased eight hundred eleven Bitcoin at an average price of roughly eighty thousand eight hundred dollars per coin, funded by selling common stock and spending two hundred eight million dollars from cash to repurchase…
## North Korea steals six point three billion
Midway through Strategy's buying run, hackers linked to North Korea siphoned roughly six point three billion dollars from Binance, the industry's largest centralized exchange, moving most of it in about twenty minutes, according to crypto…
## Industry questions whether crypto is safe
The breach, roughly four times the size of the two thousand twenty-five Bybit hack, was carried out by TraderTraitor, an elite North Korean hacking unit.

> If Binance can be hacked, then I seriously question how safe this entire industry really is.
## Key takeaway

Strategy bought over sixty five million dollars of Bitcoin during market turmoil from a Binance hack, its largest purchase since late September.