Bitcoin accumulation continued as Strategy and Strive added to their Bitcoin treasuries, pushing combined holdings to 893,517 BTC. Strategy purchased 1,036 BTC for $81.9 million, and Strive purchased 29 BTC for $2.2 million. That headline sounds like continued accumulation, but the details tell a slower pace, higher prices and other uses of capital.
Strategy bought 1,036 BTC from Nov. 2-8 at an average cost of $79 012 per BTC, according to its SEC filing. That took the company’s holdings to 850,364 BTC, accounting for more than 4.05% of Bitcoin’s overall maximum supply of 21 million BTC. Strive bought 29 BTC at $75 721 lifting its total to 43,153 BTC.
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Strategy’s Biggest Week Since September
Strategy’s weekly purchase of 1,036 BTC was its largest weekly buy since September. That can be read as either aggressive or disciplined. The funding details alter the narrative the sale of MSTR Class A common stock can be used to fund bitcoin purchases or buybacks.
Source: Powerdrill Bloom
It received $283.8 million in sales of those shares. It spent $81.9 million of it on bitcoin and $188.3 million on buying back STRC preferred shares, more than twice as much on bitcoin ($81.9m vs. $188.3m) strategy disclosed an aggregate purchase price of approximately $64.15 billion for its 850,364 BTC, giving an average cost (including fees) of around $75,456 per bitcoin.
That average cost matters. Strategy’s most recent buy was at $79 012 above its average, which was above the roughly $74,800 to $75,200 market range during the period. Shareholders should take note that STRC buyback represents a change of capital priorities.
Strategy has a complicated capital structure around MSTR stock, convertible notes, and a series of preferred instruments, including STRK, STRF, STRD, and STRC. Supporting those can compete head-to-head with bitcoin purchases for proceeds for its equity issuance.
Also Read: Strategy Deploys $176M on STRC Buyback After Pausing Bitcoin Accumulation
Strive’s Sharp Slowdown and the Race to Scale
Strive’s 29 BTC purchase is an insignificant amount, but the trend is instructive for Bitcoin accumulation. After buying 6,182 BTC in the week ended 23 October, 124 BTC, then only 29 BTC. The slowdown suggests that Strive is executing a little more prudently, is maintaining tighter headroom, or is simply taking a breather after a big buying spree.
Even so, with 43,153 BTC, Strive remains well behind Metaplanet, which has around 44,000 BTC of corporate treasury. More firms are competing for space in this market. Scale rules, but Metaplanet, Strive and the corporate chasers are vying for position and investor ears.
Source: Yellow.com
This concentration creates certainty and risk. Treasury buyers can provide a constant bid in corrections, but also intensify downside in times of shrinking equity premiums, abundant liquidity, or falling corporate buying.
Also Read: Strategy’s Bitcoin Accumulation Warning: $10.6B Loss
Next Stage For Treasury Bitcoin Accumulation
The near-term events to watch for Bitcoin accumulation are price, funding, and pace. If Strategy continues to raise capital through MSTR sales, investors will monitor how much of the proceeds are allocated to bitcoin compared to preferred buybacks and debt servicing. Should STRC buybacks remain substantial, bitcoin accumulation might stay limited even if headline capital raises appear significant.
Source: Bitcoin Sistemi
For Strive, the upcoming disclosure will indicate whether the 29 BTC represents a temporary pause or a new standard. A return to larger purchases would imply renewed funding ability, while another small acquisition week would suggest consolidation following its October surge.
Source: GlobalNewswire
Neither company is indicating an exit; both have added bitcoin during a declining market. Still, the latest filings imply that the previously rapid accumulation is shifting toward a more capital-conscious phase, where factors like price, funding costs, and balance-sheet management are as important as conviction.
Also Read: Institutional Bitcoin Accumulation in 2026 Drives Unprecedented Market Maturity
Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.
