Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC

The Bitcoin treasury firm sold $284 million of MSTR stock to fund the moves, days before MSCI names companies facing index removal.
In brief
• Strategy bought 1,036 BTC for $81.9 million between November 2 and November 8, its second straight weekly purchase, according to an SEC filing.
• The company also bought back $188.3 million of its STRC preferred stock, funding both moves by selling 2,051,348 shares of MSTR stock.
• Strategy now holds 850,364 BTC, acquired for $64.16 billion at an average of about $75,456 per coin.
Strategy bought 1,036 BTC for $81.9 million last week, its second straight weekly purchase, the company said on Monday.
The Bitcoin treasury firm paid an average of $79,012 per coin between November 2 and November 8, according to an SEC filing. It now holds 850,364 BTC, acquired for a total of $64.16 billion at an average of about $75,456 per coin.
Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets. $MSTRhttps://t.co/dNzTPPjday — Strategy (@Strategy) November 9, 2026
The purchase is larger than the week before, when Strategy resumed buying with 811 BTC for $65.5 million after a one-week pause.
Strategy also bought back 1,887,464 shares of STRC, its variable-rate preferred stock, for $188.3 million, down from $208.2 million the previous week. It funded both the Bitcoin and the buyback by selling 2,051,348 shares of MSTR stock for $283.8 million in net proceeds, with the remaining $13.6 million going to its USD Cash account.
That marks a change from last week, when Strategy paid for its STRC buyback from USD Cash, drawing the balance down to $132.7 million. With the new proceeds, USD Cash rose to $146.2 million as of November 8.
Strategy's separate USD Reserve, which covers dividends on its preferred stock and interest on its debt, stood at $4.77 billion after it paid out $21.1 million in preferred dividends during the week. About $560.3 million remains available under its preferred stock repurchase program, and $1 billion under its program for buying back MSTR stock.
Will Strategy hold over 1M BTC before 2027?
MSCI decision looms
The update comes two days before index provider MSCI is due to publish the list of companies affected by its new rules on firms dominated by a single asset, which could remove Strategy from its equity indexes.
Strategy's preferred stock is also adjusting to a new payment schedule. Shareholders approved daily dividends on its four preferred stocks last month, starting with STRC on November 1.