Key Facts

  • Strategy bought 1,036 BTC for $81.9 million between Nov. 2 and Nov. 8 at an average price of $79,012 per coin, lifting its total holdings to 850,364 BTC.

  • The company spent $188.3 million buying back its STRC preferred stock in the same week, more than twice what it spent on Bitcoin.

  • Strategy's USD Reserve stood at $4.77 billion and its separate USD Cash balance at $146.2 million as of Nov. 8, after the company used $21.1 million of the reserve to pay preferred dividends.

Strategy bought 1,036 BTC for $81.9 million between Nov. 2 and Nov. 8 at an average price of $79,012 per coin, lifting its total holdings to 850,364 BTC.

The company spent $188.3 million buying back its STRC preferred stock in the same week, more than twice what it spent on Bitcoin.

Strategy's USD Reserve stood at $4.77 billion and its separate USD Cash balance at $146.2 million as of Nov. 8, after the company used $21.1 million of the reserve to pay preferred dividends.

The purchase marks Strategy's second straight week of buying Bitcoin after it sat out the week before last, extending the weekly accumulation pattern that has defined the company's treasury strategy since 2020.

Strategy raised $283.8 million in net proceeds last week from sales of Class A common stock under its at-the-market program. It did not sell any shares of its STRF, STRC, STRK or STRD preferred stock.

Strategy Spends More on STRC Buyback Than Bitcoin

Strategy split the common-stock proceeds three ways: $81.9 million went to the Bitcoin purchase, $188.3 million funded a buyback of its STRC variable-rate preferred stock, and $13.6 million was added to USD Cash.

The company repurchased 1,887,464 STRC shares for $188.3 million, leaving $560.3 million available under its preferred-stock buyback program. It left its separate MSTR Stock buyback program untouched, with $1.0 billion still authorized.

Bitcoin Price Sits Near Strategy's Average Cost

Bitcoin traded around $75,445 at the time of writing, down about 4.5% from the week's $79,012 average purchase price and almost exactly level with Strategy's $75,456 average cost across its full position.