Strategy Acquires 1,036 Bitcoin for $81.9 Million, Buys Back STRC Stock

Strategy acquired 1,036 $BTC for $81.9 million between Nov. 2 and Nov. 8, marking its second consecutive week of crypto purchases, according to a filing with the US Securities and Exchange Commission ¹. The firm paid an average price of $79,012 per token ¹. The corporate treasury now holds 850,364 BTC acquired for a cumulative $64.16 billion, representing an aggregate cost basis of roughly $75,456 per coin ¹. At the time of writing, Bitcoin traded at $74,533.

The purchase marks an increase from the prior week, when Strategy resumed Bitcoin purchases with an 811 BTC addition for $65.5 million ¹. Alongside the cryptocurrency acquisition, Strategy repurchased 1,887,464 shares of its STRC variable-rate preferred stock for $188.3 million, decreasing from $208.2 million in buybacks the prior week ¹.

Equity Issuance and Treasury Balances

Strategy financed both the digital asset purchase and the share repurchase through the sale of 2,051,348 class A common shares (MSTR), raising $283.8 million in net proceeds ¹. After allocating capital to Bitcoin and the STRC buyback, the remaining $13.6 million was directed to the company's USD Cash account, lifting that balance to $146.2 million as of Nov. 8 ¹. The previous week, the company had funded its STRC repurchase directly from cash reserves, which had brought the balance to $132.7 million ¹.

The company's dedicated USD Reserve balance stood at $4.77 billion after distributing $21.1 million in preferred dividends over the period ¹. Strategy retains approximately $560.3 million in remaining authorization under its preferred stock repurchase program and $1.0 billion authorized for MSTR equity buybacks ¹. The capital maneuvers precede an upcoming index rebalancing update from MSCI, which is scheduled to release a determination regarding single-asset-dominated corporate entities ¹.