Strategy Buys Back $188.3 Million of STRC Preferred, Adds 1,036 Bitcoin
Strategy spent $188.3 million last week repurchasing its Stretch preferred stock and added 1,036 bitcoin to its holdings, funding both with sales of its common stock, according to an 8-K filed Monday.
From Nov. 2 through Nov. 8, the company bought back 1,887,464 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, for an aggregate $188.3 million. It repurchased no other preferred series and no common stock during the week.
The bitcoin purchases cost $81.9 million, an average of $79,012 per coin including fees and expenses. That lifted Strategy's total holdings to 850,364 bitcoin as of Nov. 8, acquired for an aggregate $64.16 billion, or $75,456 each on average.
Funding the week
Strategy sold 2,051,348 shares of its Class A common stock through its at-the-market program for net proceeds of $283.8 million. It sold no preferred stock under the program during the period.
Of the common-stock proceeds, $188.3 million funded the STRC repurchases, $81.9 million went to bitcoin and $13.6 million was allocated to USD Cash, the filing shows.
The company also used $21.1 million of its USD Reserve to pay dividends on its preferred stock. As of Nov. 8, the USD Reserve stood at $4.77 billion and USD Cash at $146.2 million.
Room left
Strategy said $560.3 million remains available under its preferred-stock repurchase program and $1.0 billion under its MSTR common-stock repurchase program. It has $18,337.3 million of Class A common stock still available for sale under the at-the-market program.
By the numbers
- $188.3 million of STRC preferred repurchased
- 1,036 bitcoin bought for $81.9 million
- 850,364 bitcoin held as of Nov. 8
- $283.8 million net raised from common stock sales
- $4.77 billion USD Reserve
Sources
- Strategy Inc Form 8-K with weekly ATM, bitcoin and repurchase update, filed Nov. 9, 2026 (accession 0001193125-26-452693)
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