Strategy Buys 1,036 Bitcoin for $81.9 Million as Shares Fall 4% Pre-Market
Key Facts
Strategy bought 1,036 Bitcoin for $81.9 million from November 2 to 8, at an average price of $79,012 per coin, including fees and expenses, according to its filing with the U.S. Securities and Exchange Commission. The announcement came on Monday, November 9, as the company’s shares fell 4.0% in pre-market trading as of 5:48 a.m. Eastern Time, according to a Stock Analysis report. The report said Bitcoin was hovering near $74,000 at the time. These figures put the weekly purchase price above the level the report cited for the market in early trading. But the filing shows that buying Bitcoin was one of several uses of the proceeds from share sales, alongside repurchasing preferred shares and holding cash.
During the same period, Strategy sold 2,051,348 shares of its MSTR common stock through its at-the-market offering program, generating net proceeds of $283.8 million, according to the filing. The company allocated $81.9 million of the proceeds to buying Bitcoin, $188.3 million to repurchasing its STRC preferred shares, and $13.6 million to dollar cash. The amount directed to repurchasing STRC therefore exceeded the amount allocated to buying Bitcoin during the week. The filing links the purchase financing to MSTR share sales, while also showing how funds were distributed among digital assets, preferred shares and cash. The company repurchased 1,887,464 STRC shares for $188.3 million during the period.
The company had $560.3 million remaining under its STRC preferred-share repurchase program, according to the filing dated November 9. This balance shows that the weekly repurchase did not exhaust the program’s stated capacity. At the end of November 8, Strategy held 850,364 Bitcoin, which it had bought for $64.16 billion at an aggregate average cost of $75,456 per coin. This provides context for the weekly addition relative to the company’s existing portfolio and distinguishes the average cost of the new purchases from the average cost of its full holdings. The announcement of the addition coincided with the stock trading lower before the market open, according to the early report’s data.
The company said its dollar reserve balance was $4.77 billion, while dollar cash stood at $146.2 million on November 8. It also used $21.1 million from the reserve for preferred-share dividends during the week of November 2 to 8. These figures distinguish the reserve balance from available cash and show that part of the reserve was used for preferred-share-related payments during the same period in which the company bought Bitcoin and repurchased STRC. In its third-quarter 2026 results, Strategy’s Bitcoin business recorded net income of $19.01 billion for the three months ended September 30, but posted a net loss of $1.26 billion during the first nine months of the year. The company attributed the results in both periods largely to changes in Bitcoin’s price.
MSTR shares fell 2.1% during the week ended November 6 and closed at $128.93 on Friday, while Bitcoin declined 3.2% over the same week, according to The Block. The weekly comparison is consistent with the digital asset and the stock both falling during that period, but it predates Monday’s pre-market trading and does not by itself explain the stock’s move in that session. EL7 records MSTR’s November 6 close at $128.93, the same level cited in the weekly report. The 4.0% decline in pre-market trading refers to a specific snapshot at 5:48 a.m. Eastern Time on November 9. These figures do not include the full results of Monday’s session.
In a subsequent development, MSCI said new eligibility rules for non-operating companies will take effect with the November 2026 index review, with the final list of companies that may be affected to be published on November 11. MSCI set the review date for the close of November 30, according to its announcement. This places publication of the list ahead of the review taking effect at month-end and gives market participants a specific date to monitor the rules’ impact on the companies concerned. MSCI said the list would be issued as part of its November 2026 review announcement. The filing available here does not specify the rules’ impact on Strategy or its stock.