Crypto

Strategy buys $81.9 million of bitcoin and repurchases $188 million of STRC

The bitcoin treasury firm paid about $79,012 a coin Nov. 2–8 and funded the STRC buyback from ATM stock sales; holdings cost basis averages about $75,456.

By Jennifer Walsh · Nov 9, 2026, 6:05 PM EST

Why it matters: Strategy sold $283.8M of MSTR last week to buy bitcoin and STRC as an MSCI decision that could drop the stock from its indexes nears.

For information only, not investment advice. Prices delayed.

Tickers: MSTR, STRC

Strategy ($MSTR) bought 1,036 bitcoin for $81.9 million last week and bought back $188.3 million of its STRC preferred stock.³⁴ Executive Chairman Michael Saylor confirmed the transactions Monday on X: "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," he posted.¹

Strategy paid an average of $79,012 per coin between Nov. 2 and Nov. 8 and now holds 850,364 BTC acquired for $64.16 billion at an average of about $75,456 per coin.³⁴

It funded both moves by selling 2,051,348 shares of MSTR for $283.8 million in net proceeds, putting $81.9 million into bitcoin, $188.3 million into buying back 1,887,464 STRC shares, and $13.6 million into USD Cash.³⁴ No preferred stock was sold under the ATM that week.⁴

USD Cash rose to $146.2 million as of Nov. 8; the separate USD Reserve stood at $4.77 billion after $21.1 million in preferred dividends during the week.³ About $560.3 million remains under the preferred repurchase program and $1 billion under the MSTR buyback program.³

The update comes two days before MSCI is due to publish companies affected by new rules on firms dominated by a single asset, which could remove Strategy from its equity indexes.³ MSTR was at $124.61, down 3.35% as of Nov 9, 1:19 PM ET.

Tags: bitcoin · buybacks-dividends · markets-moves · fintech