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

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

Strategy bought 1,036 Bitcoin for $81.9 million in the week covered by its Monday filing with the US Securities and Exchange Commission, lifting its holdings to 850,364 BTC. But preferred-share buybacks took the larger share of its recent spending.

Bitcoin holdings reach roughly 4.05% of maximum supply

The company reported paying an average of $79,012 per BTC for the latest purchase. Its total Bitcoin acquisition cost reached $64.16 billion, at an average of $75,456 per coin.

Those holdings represent roughly 4.05% of Bitcoin’s maximum supply of 21 million coins. The purchase followed an acquisition of 811 BTC for $65.5 million the previous week.

Buybacks take the larger share

Since the start of October 2026, Strategy had spent about $1.06 billion repurchasing its STRC preferred shares—nearly five times the $219.7 million it spent on Bitcoin over the same period.

During the latest reported week, Strategy raised $283.8 million in net proceeds by selling MSTR common shares through its at-the-market offering program. It used those proceeds to:

  • Repurchase about 1.89 million STRC shares for $188.3 million, following $208.2 million in buybacks the previous week.
  • Buy $81.9 million worth of Bitcoin.
  • Add $13.6 million to its USD Cash balance.

Its USD Cash balance rose about 10%, from $132.7 million to $146.2 million. Separately, its US dollar reserve fell from $4.79 billion to $4.77 billion after a $21.1 million draw to pay preferred-stock dividends.

Shares declined in premarket trading

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 price moves do not establish what drove investors’ reactions.

The filing’s central distinction: Strategy continued adding Bitcoin, while committing substantially more money to STRC buybacks over the period since October began.

Original article: Cointelegraph

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