--- title: "Strategy Acquires 1,036 Bitcoin for $81.9 Million, Buys Back STRC Stock" description: "The company funded the crypto buy and a $188.3 million preferred stock repurchase by issuing 2.05 million MSTR shares." url: https://basisdesk.news/news/strategy-acquires-bitcoin-repurchases-strc-stock published: 2026-11-09T13:41:21.119Z modified: 2026-11-09T13:41:21.119Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC] tags: [Strategy, Bitcoin Treasury, MSTR, STRC, MSCI, Corporate Treasuries] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Strategy Acquires 1,036 Bitcoin for $81.9 Million, Buys Back STRC Stock The company funded the crypto buy and a $188.3 million preferred stock repurchase by issuing 2.05 million MSTR shares. ## At a glance - **What happened:** Strategy purchased 1,036 BTC for $81.9 million and bought back $188.3 million of STRC preferred stock between Nov. 2 and Nov. 8. - **Why it matters:** The company expanded its total holdings to 850,364 BTC using $283.8 million in net proceeds raised from selling MSTR common stock. - **Who is affected:** Strategy equity and preferred stockholders, institutional Bitcoin market participants, and index tracking funds. - **What's next:** MSCI is scheduled to publish its revised eligibility list for companies dominated by a single asset. - **Primary source:** [Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC](https://decrypt.co/382820/strategy-buys-82m-in-bitcoin-buys-back-188m-of-strc) — decrypt.co ## Key points - Strategy purchased 1,036 BTC for $81.9 million at an average price of $79,012 between Nov. 2 and Nov. 8. - The firm spent $188.3 million repurchasing 1,887,464 shares of its STRC preferred stock. - Both operations were funded by selling 2,051,348 MSTR shares for $283.8 million in net proceeds. ## Editorial remark - **Context:** Strategy has systematically deployed an at-the-market equity issuance model to expand its corporate treasury, bringing total Bitcoin holdings to 850,364 BTC. - **Impact:** MSTR shareholders face incremental share dilution from the 2.05 million share sale, counterbalanced by preferred stock share count reductions and treasury asset additions. - **Watch:** MSCI is scheduled to publish a determination on whether single-asset-dominated operating companies remain eligible for equity index membership. 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](https://basisdesk.news/news/strategy-resumes-bitcoin-buys-811-btc) 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]. ## Sources 1. [Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC](https://decrypt.co/382820/strategy-buys-82m-in-bitcoin-buys-back-188m-of-strc) — decrypt.co, 2026-11-09 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai