Strategy Buys 811 Bitcoin for $65.5 Million and Repurchases STRC Shares

Key Facts

Strategy resumed bitcoin purchases during the week ended November 1, buying 811 units for $65.5 million at an average of $80,846 per bitcoin, according to data reported by Bitbo. The purchase brought its total holdings to 849,327 bitcoin, at an aggregate purchase cost of $64.08 billion and an average cost of $75,451 per unit. In parallel, the company repurchased 2,092,035 STRC preferred shares for $208.2 million. The two transactions show the continuation of its bitcoin buying strategy alongside the use of liquidity to repurchase preferred shares.

The return to purchases coincided with a 9.6% decline in Strategy shares during the week ended October 30, when they closed at $130.51 on Friday, while bitcoin fell 3.6% over the same period, according to The Block. The company's shares had fallen 7.8% on October 30, while bitcoin dropped below $77,000 after topping $86,000 earlier in October, according to the Associated Press. EL7 data showed bitcoin closed at $77,368.77 on October 30, and MSTR shares closed at $130.51. After the third-quarter results were announced on October 29, MSTR shares fell about 3.5% in extended trading, according to The Block. In the third quarter, the stock rose 76%, compared with a 43% gain in bitcoin, according to Strategy's summary.

Strategy repurchased 2,092,035 STRC shares worth $208.2 million during the same week, while its dollar reserve stood at $4.79 billion and its dollar cash balance at $132.7 million on November 1, according to a company disclosure cited by The Block. The company used $43.4 million from its dollar reserve to fund preferred share dividends during the week. On October 29, it had announced that its dollar reserve was $4.83 billion and its dollar cash balance was $242.4 million on October 25, covering about 3.4 years of preferred share dividends and debt interest. CEO Phong Le said the company had repurchased $2.0 billion of STRC and expanded its dollar assets to $5.1 billion, providing coverage for these obligations for 3.4 years. Strategy also said it had sold about $431.8 million of bitcoin since the start of 2026 to fund part of its preferred share dividends and STRC repurchases.

In its third-quarter results, Strategy reported revenue of $125.4 million, compared with $128.7 million in the same quarter of 2025, a 3% year-over-year decline. Michael Saylor said bitcoin was 21% above its 200-week moving average and institutional demand had returned. The figures put the company's results in the context of volatility in the value of its digital assets, while operating revenue declined year over year.

Strategy kept the STRC dividend rate at 12% to support trading in the preferred stock near its $100-per-share par value, according to a company statement on October 29. The company said daily STRC dividends began on November 1, with daily dividends for the STRF, STRK and STRD classes set to begin on January 1, 2027. The change in the dividend schedule to daily accrual received approval from 99.3% of the votes cast by holders of the preferred classes, according to The Block. Strategy said it had $18.62 billion of MSTR shares available for sale under its at-the-market offering program, according to a disclosure cited by The Block. These dates and share availability remain part of the company's financing and dividend announcements.