Strategy has expanded its Bitcoin holdings while continuing to repurchase its preferred shares.
The latest transactions follow a recovery in STRC stock, which recently returned to its $100 par value.
Michael Saylor’s company also raised fresh capital through common stock sales to support these activities. Meanwhile, an upcoming MSCI decision could affect Strategy’s position in major equity indexes.
Strategy Raises $283.8M to Fund Bitcoin Purchases and STRC Buybacks
Strategy (NASDAQ: MSTR) purchased 1,036 Bitcoin for $81.9 million during the week ending November 8. The company disclosed the acquisition in its latest filing with the U.S. Securities and Exchange Commission.
According to the 8-K filing, Strategy raised $283.8 million through its at-the-market stock offering program. The company sold 2,051,348 MSTR shares to generate those proceeds.
Of that amount, Strategy allocated $81.9 million toward Bitcoin purchases and $188.3 million toward STRC share repurchases. The remaining $13.6 million strengthened its USD Cash balance.
The latest acquisition increased Strategy’s Bitcoin holdings to 850,364 BTC. The company paid an average of $79,012 per coin during the week.
That purchase price exceeded its overall Bitcoin acquisition average of $75,456. Strategy has now invested approximately $64.16 billion in its cryptocurrency treasury.
The purchase also extended the company’s weekly accumulation streak. During the previous week, Strategy acquired 811 BTC for $65.5 million.
Additionally, the firm spent $208.2 million purchasing 1,887,464 STRC shares during that earlier period.
STRC Returns to $100 as Strategy Adjusts Capital Spending
Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, recently recovered to its $100 par value.
Michael Saylor acknowledged the recovery on November 4, posting “We’re ₿ack” on X.
The preferred stock had remained below par for much of 2026. It last reached $100 in May before falling below $80 during June.
Strategy’s financing model allows the company to issue additional preferred shares when STRC trades at or above $100. The firm can then direct those proceeds toward further Bitcoin acquisitions.
However, prices below par restrict that funding mechanism.
Meanwhile, Strategy has spent more than $2 billion repurchasing its own shares this year.
Its latest filing also showed continued pressure from preferred dividend obligations.
The company withdrew $21.1 million from its USD Reserve to cover preferred stock payments. Consequently, that reserve declined to $4.77 billion.
However, Strategy’s USD Cash balance increased to $146.2 million as of November 8.
MSCI Index Decision Approaches as Buyback Capacity Remains
Strategy still has approximately $560.3 million available under its preferred stock repurchase authorization.
Separately, another $1 billion remains available through its MSTR common stock buyback program.
Meanwhile, the company faces an upcoming decision from benchmark provider MSCI regarding index eligibility.
MSCI has proposed classification rules that could exclude companies it considers non-operating businesses from certain indexes.
These proposed changes could affect Strategy because of its substantial Bitcoin holdings and treasury-focused business model.
An exclusion could also affect passive investment funds that track MSCI benchmarks and currently hold MSTR shares.
For now, Strategy’s latest SEC disclosure shows continued Bitcoin purchases, preferred stock repurchases, and capital raising activity.
The upcoming MSCI announcement will provide further clarity about the company’s eligibility for major equity indexes.
