Strategy Buys 1,036 Bitcoin for $81.9M as STRC Buybacks Continue
Strategy added 1,036 BTC at an average $79,012 and repurchased $188.3 million of STRC, funding both with MSTR share sales.
Key Notes
- Strategy acquired 1,036 Bitcoin during November 2–8 at an average price of 79,012 dollars, lifting reported holdings to 850,364 BTC.
- MSTR share sales funded both the Bitcoin purchase and STRC preferred-share repurchases.
- Nearly five billion dollars in USD Assets combines the dedicated dividend-and-interest reserve with a separate general-purpose cash balance.
Strategy bought another 1,036 Bitcoin for approximately $81.9 million during November 2–8, paying an average of $79,012 per coin. The company reported total holdings of 850,364 BTC at the end of the period, alongside about $4.9 billion in dollar assets.
The November 9 SEC filing also shows $188.3 million of STRC preferred-share repurchases. Strategy’s common-stock sales financed both transactions, with more than twice as much money directed toward the preferred buyback as toward the Bitcoin purchase.
MSTR Share Sales Fund Bitcoin and STRC Repurchases
Strategy sold 2,051,348 MSTR common shares through its at-the-market program, raising $283.8 million after sales commissions. It allocated $81.9 million to Bitcoin, $188.3 million to STRC repurchases and $13.6 million to its USD Cash balance.
The buyback covered 1,887,464 STRC shares. Based on the disclosed spending, it received about 2.3 times the Bitcoin allocation and roughly two-thirds of the week’s net common-share proceeds.
No STRC, STRF, STRK or STRD preferred shares were sold during the reporting period. The latest Bitcoin acquisition therefore came from common-equity issuance rather than a new preferred-stock sale.
The $4.9 Billion Dollar Balance Has Two Parts
Strategy reported a $4.77 billion USD Reserve and $146.2 million of USD Cash as of November 8. Together, those balances total approximately $4.92 billion. The accounts serve different purposes within Strategy’s capital framework, separating scheduled financial obligations from broader treasury activity.
The USD Reserve is intended to support preferred-stock dividends and interest on outstanding debt. USD Cash serves broader treasury purposes, potentially including Bitcoin purchases, capital management and additions to the reserve.
During the week, Strategy used $21.1 million from the reserve for preferred dividends. The filing separately identifies MSTR sale proceeds as the source of funding for the STRC repurchases.
Bitcoin Holdings Rise Above 850,000 Coins
The reported 850,364-BTC treasury was acquired for approximately $64.16 billion, or $75,456 per coin on average, including fees and expenses. That acquisition cost is distinct from the portfolio’s market value, which changes with Bitcoin’s price.
The holding represents about 4.05% of Bitcoin’s 21 million supply cap, calculated from Strategy’s reported balance. It is the company’s corporate treasury, rather than a disclosure of co-founder and Executive Chairman Michael Saylor’s personal holdings.
Buying Continues Alongside Preferred-Stock Buybacks
The purchase follows the 811 BTC acquired for $65.5 million in the preceding week. CoinScreamer’s previous purchase report covered that disclosure and Strive’s separate acquisition.
Strategy’s November 2 filing recorded $208.2 million of STRC repurchases funded from USD Cash. This week’s buyback was smaller, while the disclosed funding source shifted to fresh MSTR proceeds.
Our STRC coverage examined its return to $100 on November 4. A price milestone does not establish new issuance. The latest filing confirms that Strategy continued repurchasing STRC during the week rather than selling it.
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