Strategy adds 1,036 BTC as preferred-share buybacks outpace Bitcoin spending

Strategy bought 1,036 Bitcoin for $81.9 million in the week covered by Cointelegraph’s November 9, 2026 report, taking its holdings to 850,364 BTC. But the company’s capital allocation since the start of October leaned more heavily toward repurchasing its STRC preferred shares than buying Bitcoin.

Original report published November 9, 2026, at 21:29:47 UTC+8.

Bitcoin holdings reach roughly 4.05% of maximum supply

According to Strategy’s Monday filing with the US Securities and Exchange Commission, the latest purchase averaged $79,012 per BTC. It followed the previous week’s acquisition of 811 BTC for $65.5 million.

Strategy said its total Bitcoin purchases cost $64.16 billion, averaging $75,456 per coin. Its holdings represented roughly 4.05% of Bitcoin’s maximum supply of 21 million.

STRC repurchases take the larger allocation

Since the start of October, Strategy had spent about $1.06 billion on STRC buybacks, nearly five times the $219.7 million it spent on Bitcoin over the same period.

In the latest reported week, Strategy raised $283.8 million in net proceeds through its at-the-market offering program by selling about 2.05 million MSTR common shares. It allocated those proceeds as follows:

  • $188.3 million to repurchase about 1.89 million STRC shares, following $208.2 million in buybacks the previous week.
  • $81.9 million to buy Bitcoin.
  • $13.6 million to its USD Cash balance.

The distinction matters when reading the financing figures: proceeds from common-stock sales did not all translate into additional Bitcoin purchases. STRC repurchases received the largest allocation that week.

Cash balances and the reported market reaction

Strategy’s separate US dollar reserve declined from $4.79 billion to $4.77 billion after it drew $21.1 million to pay preferred-stock dividends. Its USD Cash balance rose about 10%, from $132.7 million to $146.2 million.

According to Yahoo Finance figures cited in the report, MSTR fell 3% to $125 in Monday’s premarket trading, while STRC slipped 0.06% to $99.7. Those moves were reported alongside the financing and purchase disclosures; the source did not establish that any single allocation decision caused them.

Read the original Cointelegraph article.