Strategy boosts Bitcoin holdings, prioritizes STRC buybacks
6.6 Investments Strategy bought 1,036 BTC for $81.9M, raising holdings to 850,364 BTC. It spent $188.3M on STRC buybacks, funded by MSTR stock sales. Bitcoin trades below cost basis, causing a paper loss.
Strategy increased its Bitcoin holdings to 850,364 BTC after acquiring 1,036 BTC for $81.9 million between November 2 and November 8, 2026, at an average price of $79,012 per coin. The company also prioritized a $188.3 million buyback of its STRC preferred shares, allocating 66% of the $283.8 million raised from MSTR common stock sales to the buyback and 29% to Bitcoin purchases. As of November 8, the average cost basis for Strategy’s Bitcoin holdings was approximately $75,456 per coin. With the market price falling below this level, the company reported a paper loss of about $680 million. Strategy’s USD reserve stood at $4.77 billion, while its USD cash balance increased to $146.2 million. No new preferred stock was issued during the period, and the available issuance capacity for MSTR and other share classes remained substantial. This marks Strategy’s second consecutive week of Bitcoin accumulation and continued focus on reducing STRC preferred share claims.
