Strategy Holds 850,364 Bitcoin as the Cryptocurrency Falls to $64,150

Key Facts

Strategy held 850,364 Bitcoin at an average acquisition cost of $75,456 per unit in its November 9 update, according to the company’s records. This update marks the latest confirmed holding in the available data; it does not establish that a subsequent purchase was executed or announce a new transaction. The update came as the cryptocurrency closed at $68,314 on November 13 and then at $64,150 on November 14, according to EL7 data. The company’s stock also fell to $111.62 in the November 13 session, from $114.41 in the previous session. The simultaneous moves put the company’s performance under pressure from a decline in the asset at the center of its holdings.

The November 9 update records that the company added 1,036 Bitcoin at an average acquisition price of $79,012 per unit, for a total cost of $82 million. That purchase was the latest confirmed addition in the company’s records among the information available here. The average cost of the total holding is $75,456 per unit, according to the same records. The average price of the latest addition was therefore higher than the average cost of the holding, with the two figures referring to different periods: the first to the purchase disclosed on November 9, and the second to the average holding cost after the update. The records present both figures as acquisition data, while the November 13 and 14 closes reflect market prices on later dates.

In a filing with the U.S. Securities and Exchange Commission, Strategy said it sold 2,051,348 Class A shares through its at-the-market offering program from November 2 to 8, for net proceeds of $283.8 million. The company allocated the net proceeds among three uses, according to the same filing. It allocated $81.9 million to fund Bitcoin purchases, used $188.3 million to repurchase STRC shares, and added $13.6 million to its dollar cash balance. These figures show that the proceeds from the share sales did not all go toward Bitcoin purchases; they also included repurchases of preferred shares and an increase in cash. The addition of 1,036 Bitcoin recorded in the November 9 update was tied to a purchase that cost $82 million, while the filing specifies that $81.9 million of the net sale proceeds funded Bitcoin purchases during the stated period.

In its third-quarter results, Strategy said its dollar assets totaled $5.1 billion, that it had extended their duration to 3.4 years, and that it had repurchased $2.0 billion worth of STRC shares. The company places these assets in the context of its financing tools, alongside its Bitcoin holdings and preferred stock issuances. It also announced that STRC distributions became daily as of November 1, 2026, and that daily distributions for STRF, STRK and STRD shares will begin on January 1, 2027. These dates set out a timetable for changing the frequency of distributions across preferred share classes. The $2.0 billion STRC repurchase in the third-quarter results is separate from the $188.3 million the company allocated to repurchasing STRC from MSTR sale proceeds during the period from November 2 to 8.

In its third-quarter results, the company recorded a $20.91 billion gain on its digital assets, compared with a $3.89 billion gain in the third quarter of 2025, according to the published results. Strategy also said the price of MSTR stock rose 76% in the third quarter of 2026, compared with a 43% increase for Bitcoin over the same period. These figures cover third-quarter performance, while the later November closes were $111.62 for the stock on November 13 and $68,314 for Bitcoin on the same date. The distinction between the periods reflects their different time frames: the results figures describe the quarter ended, while EL7 data records daily closes in November. EL7 data later showed Bitcoin closing at $64,150 on November 14.

The upcoming review of MSCI indices remains among the announced dates relevant to the market. The institution said changes from its November market-capitalization index review will take effect at the close on November 30, 2026. It added that derived indices will be announced on November 18, 2026. These dates mark two separate stages: the announcement of derived indices first, followed by implementation of market-capitalization index changes at month-end. The information available here does not include the review’s outcome or its impact on Strategy. For preferred stock distributions, January 1, 2027 is the date daily distributions for STRF, STRK and STRD shares will begin, following the start of daily STRC distributions on November 1, 2026.