Strategy buys 1,036 Bitcoin and repurchases $188.3M of STRC
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Strategy acquired 1,036 Bitcoin for $81.9 million between November 2 and November 8 and repurchased $188.3 million of its STRC preferred stock, the company disclosed in a U.S. Securities and Exchange Commission filing issued on November 9, 2026. Executive Chairman Michael Saylor confirmed the transactions in an X post the same day, writing that the firm held 850,364 BTC and $4.9 billion of dollar assets as of November 8, as reported by Crypto.news.
Second straight weekly buy, funded differently than last week
The latest purchase is larger than the 811 BTC Strategy bought for $65.5 million a week earlier, when it resumed buying after a one-week pause. The STRC repurchase shrank from $208.2 million in that prior period.
The funding structure changed, too. The week before, Strategy used common-stock proceeds for Bitcoin and existing cash for the STRC buyback. This time both were paid from the MSTR at-the-market offering, which still had $18.34 billion of capacity and left the company with $560.3 million available under its preferred-stock repurchase authorization. Its separate $1 billion common-stock buyback program went unused during the week.
STRC, branded Stretch, pays a variable dividend and is designed to trade near its $100 stated amount, with the rate adjusted periodically. Repurchasing those shares cuts the number of preferred units entitled to future dividends, though Strategy did not disclose the annual savings.
Bitcoin is trading below Strategy’s average cost
Bitcoin was near $74,800 shortly after the disclosure. At that level, Strategy’s 850,364 coins were worth about $63.6 billion against the $64.16 billion spent, putting the treasury slightly underwater on its average acquisition price.
Market snapshot
Bitcoin was $74,561 (₹6,996,851) at 14:08 UTC on November 9, down 1.8% over 24 hours and 4.1% over seven days, with a market cap of $1.50 trillion, according to CoinPaprika data. That places the spot price well within the range of Strategy’s weekly execution at $79,012.
Why it matters
The disclosures show a company still converting equity into Bitcoin, but also redirecting part of each raise toward its preferred stack. That mix puts fresh weight on the $4.77 billion reserve backing the preferred dividends and debt interest, and on the $560.3 million left for buybacks. It follows the company’s pattern from earlier in the year: Strategy had already used common-stock sales to keep accumulating — as in its 250 BTC purchase in mid-October — while the preferred machinery absorbed more of the proceeds.
What to watch
Two days after the filing, index provider MSCI was due to publish the list of companies affected by its new rules on firms dominated by a single asset, a list that could include Strategy, according to Decrypt. Decrypt also notes shareholders approved daily dividends on Strategy’s four preferred stocks last month, starting with STRC on November 1.
Sources: crypto.news, Decrypt
