Strategy Returns to Bitcoin Buying With 811 Coins, Lifting Holdings to 849,327
Key Facts
Strategy bought about 811 bitcoin between October 26 and November 1 for $65.5 million, at an average price of $80,846 per coin, The Block reported, citing a company filing. The purchase lifted its total holdings to 849,327 bitcoin on November 1, after a week in which the company reported no purchases or sales of the cryptocurrency. The holdings had a cumulative cost of about $64.1 billion, at an average acquisition price of $75,451 per bitcoin. The company thus resumed buying after pausing during the period from October 19 to 25, when its balance stood at 848,517 bitcoin. The return to buying comes as Strategy shares and bitcoin fell during the week ended October 30.
Strategy financed its purchases with proceeds from selling its Class A common stock through its at-the-market offering program. The company sold 1,178,552 shares during the period for about $164 million, according to The Block. It still had $18.62 billion in shares available for issuance and sale under the program, allowing it to continue relying on equity-market financing to buy bitcoin. The volume of share sales shows that financing for the transaction exceeded the value of bitcoin purchases in the same week. The company also used its cash reserves in transactions separate from its cryptocurrency purchase.
Strategy shares lost 9.6% during the week, closing at $130.51 on Friday, October 30, while bitcoin fell 3.6% over the same period, according to figures reported by The Block. EL7 data showed bitcoin closing at $77,792 on November 2. These figures provide a dated picture of the asset's and stock's performance after the buying week, and do not measure the transaction's effect alone. The stock close cited in the report is from October 30, while the recorded bitcoin close is from November 2. The available information did not include a measure of the stock's movement on November 2.
Alongside its bitcoin purchase, Strategy repurchased about 2.1 million shares of its STRC preferred stock for $208.2 million between October 26 and November 1. It also used $43.4 million from its dollar reserves to fund preferred-stock distributions during the week. On November 1, the company's dollar reserve stood at $4.79 billion, while its dollar cash balance was $132.7 million. These flows show the use of reserves for preferred-stock obligations, alongside reliance on common-stock sales to finance bitcoin purchases. The preferred-stock repurchases remain separate from the addition of 811 bitcoin to its treasury.
The company reported digital-asset gains of $20.91 billion in the third quarter of 2026, compared with $3.89 billion in the same period of 2025. Net income was $19.5 billion in the third quarter, up from $2.79 billion a year earlier, according to The Block. These are gains and income recorded for the quarterly period, separate from the value of cash purchases announced for the latest week. On October 29, Michael Saylor said the company was "at the beginning of the next bitcoin bull market" and that "banks are adopting bitcoin." Through October 25, Strategy had announced purchases worth $14.33 billion since the start of 2026 and 26% growth in its holdings during the year.
In an earlier update covering October 17 to 23, Strive announced that it had bought 6,182 bitcoin at an average price of about $82,732 per coin, inclusive of fees and expenses, according to its filing with the U.S. Securities and Exchange Commission. Its holdings rose from 36,818 bitcoin on October 16 to 43,000 on October 23. Cash and cash equivalents also increased from $317.5 million to $504.4 million over the same period. These figures predate Strategy's latest purchase, and the available information does not include an open, primary disclosure confirming Strive's more recent purchase reported in media coverage. As for Strategy's announced distribution dates, daily distributions on STRC begin on November 1, 2026, and those on STRF, STRK and STRD begin on January 1, 2027.