Metric | Value |
|---|---|
BTC bought | 1,036 |
Average purchase price | $79,012 |
Total holdings | 850,364 BTC |
Average cost basis | $75,456 |
BTC price now | $75,442 |
STRC repurchase | $188.3M |
Strategy bought 1,036 BTC for $81.9M between November 2 and November 8, its second straight weekly purchase, according to an 8-K filed with the SEC on Monday. Holdings reached 850,364 BTC, but the bitcoin price has slipped below the company's average cost.
What Strategy bought
The company paid an average of $79,012 per coin. The full stack of 850,364 BTC was acquired for $64.16B at an average of $75,456.
The purchase is larger than the week before, when Strategy resumed buying with 811 BTC for $65.5M. In the week of October 19-25 the company bought no bitcoin and spent about $205M on STRC buybacks.
Michael Saylor posted on X: "Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets."
STRC buyback twice the size of the bitcoin purchase
Strategy repurchased 1,887,464 shares of STRC, its variable-rate preferred stock, for $188.3M, down from $208.2M the previous week.
Both moves were funded by selling 2,051,348 MSTR shares for $283.8M in net proceeds. No preferred stock was sold under the ATM during the week.
- $81.9M into bitcoin
- $188.3M into STRC repurchases
- $13.6M into the USD Cash account
The previous week's STRC buyback had been paid from USD Cash, which drew the balance down to $132.7M. With the new proceeds, USD Cash rose to $146.2M as of November 8.
Reserves and remaining programs
The USD Reserve, which covers dividends on preferred stock and interest on debt, stood at $4.77B after the company paid $21.1M in preferred dividends during the week.
Program | Amount available |
|---|---|
Preferred stock repurchase | $560.3M |
MSTR buyback | $1.0B |
MSTR ATM | $18.3B |
USD Reserve | $4.77B |
USD Cash | $146.2M |
Shareholders approved daily dividends on STRC, STRF, STRK and STRD last month. Daily accrual for STRC began on November 1.
The stack is below cost
Bitcoin trades at $75,442, per CoinGecko data, down 0.7% in 24 hours and 3.9% over 7 days. That is $14 below Strategy's $75,456 average cost.
The prior average cost was $75,451, so buying at nearly $79,000 moved the basis up by only $5.
The cushion was thin earlier this year too. Between June 30 and August 10, Strategy sold bitcoin in four consecutive filings - 1,363, 2,225, 1,638 and 1,690 BTC - to fund preferred dividends and STRC buybacks, taking the stack down to 840,447 BTC.
The company has since rebuilt past that mark and now holds more than 4% of bitcoin's 21 million supply cap.