--- title: "Strategy Resumes Bitcoin Purchases With $65.5 Million Acquisition" description: "The company added 811 BTC to lift reserves to 849,327 coins while funding preferred stock repurchases." url: https://basisdesk.news/news/strategy-resumes-bitcoin-buys-811-btc published: 2026-11-02T13:26:18.160Z modified: 2026-11-02T13:26:18.160Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC] tags: [strategy, treasury, mstr, corporate-reserves, msci] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Strategy Resumes Bitcoin Purchases With $65.5 Million Acquisition The company added 811 BTC to lift reserves to 849,327 coins while funding preferred stock repurchases. ## At a glance - **What happened:** Strategy purchased 811 BTC for $65.5 million between Oct. 26 and Nov. 1 after a one-week hiatus. - **Why it matters:** The company's aggregate treasury reached 849,327 BTC, financed by continuous equity dilution via MSTR share offerings. - **Who is affected:** Strategy equity and preferred stockholders, along with institutional index trackers. - **Takes effect:** 2026-11-11 - **What's next:** MSCI will announce its list of companies excluded under single-asset rules on Nov. 11. - **Status:** announced - **Primary source:** [Strategy Resumes Bitcoin Buys With $66M Purchase](https://decrypt.co/382333/strategy-resumes-bitcoin-buys-with-66m-purchase) — decrypt.co ## Key points - Strategy bought 811 BTC for $65.5 million at an average price of $80,846 between Oct. 26 and Nov. 1 [1]. - Treasury reserves climbed to 849,327 BTC acquired for $64.08 billion, with total USD assets standing at $4.9 billion [1]. - MSCI will announce on Nov. 11 whether Strategy is removed from equity indexes under single-asset rules [1]. ## Editorial remark - **Context:** Strategy returned to purchasing after a one-week pause, continuing its pattern of issuing common stock to finance both balance-sheet acquisitions and preferred share repurchases [1]. - **Impact:** Dilution remains a structural factor as Bitcoin per share fell 3.7% year-to-date, even as corporate net leverage fell sharply to 2.4% [1]. - **Watch:** MSCI will publish its list of excluded single-asset companies on Nov. 11 [1]. Strategy acquired 811 $BTC for $65.5 million between Oct. 26 and Nov. 1, resuming its accumulation program after pausing for a week, according to a filing with the Securities and Exchange Commission [1]. The transaction was executed at an average price of $80,846 per coin and funded through the sale of 1,178,552 shares of MSTR stock, which yielded $164 million in net proceeds [1]. At the time of writing, $BTC changed hands around $77,485. Following the acquisition, Strategy's total holdings reached 849,327 BTC, bought for an aggregate of $64.08 billion at an average cost basis of $75,451 per coin [1]. The firm previously [allocated Q3 equity proceeds to direct purchases](https://basisdesk.news/news/strategy-allocates-q3-equity-proceeds-bitcoin-purchases), expanding its balance sheet as part of an ongoing treasury strategy [1]. Of the recent share issuance proceeds, $98.5 million was directed into the company's USD Cash account, while $65.5 million financed the cryptocurrency acquisitions [1]. Concurrently, Strategy deployed $208.2 million from USD Cash to repurchase 2,092,035 shares of its variable-rate preferred stock, STRC [1]. The buyback lowered the USD Cash balance to $132.7 million, down from $242.4 million the week prior, leaving approximately $748.6 million authorized under the preferred repurchase program [1]. The company maintained a separate USD Reserve balance of $4.79 billion to handle debt interest and preferred dividend distributions, which incurred $43.4 million in payouts over the period [1]. Total USD assets stood at $4.9 billion, providing an estimated 3.3 years of dividend and interest coverage [1]. ## Index Review and Capital Structure The treasury moves coincide with a shift to daily dividend distributions for STRC, which registered its initial daily record date on Nov. 1 following shareholder approval [1]. Although Mizuho Financial Group highlighted balance-sheet deleveraging—with net leverage retreating to 2.4% from 8.4%—analysts raised concerns over equity dilution, citing a 3.7% decline in Bitcoin per share this year [1]. Strategy also confronts potential exclusion from MSCI equity benchmarks under updated qualification terms for single-asset-dominated operating firms, with MSCI scheduled to disclose affected constituents on Nov. 11 [1]. ## FAQ **How much Bitcoin does Strategy hold after this purchase?** Strategy holds 849,327 BTC acquired for an aggregate cost of $64.08 billion at an average price of $75,451 per coin [1]. **How did Strategy fund the acquisition?** The firm sold 1,178,552 MSTR shares to generate $164 million in net proceeds, using $65.5 million for Bitcoin and adding $98.5 million to USD Cash [1]. **Why is Strategy facing potential MSCI index removal?** Under finalized criteria implemented in October, MSCI excludes companies primarily dominated by a single asset, with affected companies to be named on Nov. 11 [1]. ## Sources 1. [Strategy Resumes Bitcoin Buys With $66M Purchase](https://decrypt.co/382333/strategy-resumes-bitcoin-buys-with-66m-purchase) — decrypt.co, 2026-11-02 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai