Strategy’s $BTC stash tops 850K as STRC buybacks take the bigger bite 🪙

Strategy bought 1,036 $BTC for $81.9 million last week, increasing its holdings to 850,364 BTC. The Bitcoin treasury firm paid an average of $79,012 per coin between November 2 and November 8, according to its Monday filing with the US Securities and Exchange Commission. Strategy stated: “As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets. $MSTR https://t.co/dNzTPPjday”

The company acquired its Bitcoin for a total of $64.16 billion at an average price of $75,456 per coin. Its holdings represent roughly 4.05% of Bitcoin’s maximum 21 million supply. The purchase followed Strategy’s acquisition of 811 BTC for $65.5 million the previous week, which came after a one-week pause.

Strategy also repurchased 1,887,464 shares of its variable-rate preferred stock, STRC, for $188.3 million, down from $208.2 million in the previous week. About $560.3 million remains available under the preferred stock repurchase program, while $1 billion remains under its MSTR buyback program. Since the start of October, Strategy has spent about $1.06 billion buying back STRC preferred shares, nearly five times the $219.7 million spent on Bitcoin over the same period.

The company raised $283.8 million in net proceeds by selling 2,051,348 shares of MSTR through its at-the-market offering program. It used $188.3 million for the STRC buyback, spent $81.9 million on Bitcoin and allocated another $13.6 million to its USD Cash balance. USD Cash rose about 10% to $146.2 million from $132.7 million, while the separate USD Reserve fell to $4.77 billion from $4.79 billion after a $21.1 million payment covering preferred stock dividends.

Shareholders approved daily dividends for Strategy’s four preferred stocks last month, with the new schedule beginning with STRC on November 1. The update came two days before index provider MSCI was due to publish the list of companies affected by its new rules for firms dominated by a single asset. In premarket trading, MSTR fell more than 3% to around $124, while STRC edged down 0.06% to $99.7, according to Yahoo Finance and TradingView data.