Strategy Buys Back $208.2 Million of STRC Preferred, Adds 811 Bitcoin
Strategy spent $208.2 million last week buying back its own Stretch preferred stock, while adding a smaller 811 bitcoin to its holdings, according to an 8-K filed Monday.
From Oct. 26 through Nov. 1, the company repurchased 2,092,035 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, for an aggregate $208.2 million, the filing shows. It funded the buybacks with USD Cash.
The bitcoin purchases cost $65.5 million, an average of $80,846 per coin including fees and expenses. That brought Strategy's total holdings to 849,327 bitcoin, bought for an aggregate $64.08 billion, or $75,451 each on average.
Funding the week
Strategy sold 1,178,552 shares of its Class A common stock through its at-the-market program for net proceeds of $164.0 million. Of that, $65.5 million went to bitcoin purchases and $98.5 million was allocated to USD Cash, according to the 8-K.
The company also used $43.4 million of its USD Reserve to pay preferred dividends. As of Nov. 1, the USD Reserve stood at $4.79 billion and USD Cash at $132.7 million.
Room left
Strategy said $748.6 million remains available under its preferred-stock repurchase program and $1.0 billion under its common-stock repurchase program. It has $18,621.4 million of Class A common stock still available for sale under the at-the-market program.
By the numbers
- $208.2 million of STRC preferred repurchased
- 811 bitcoin bought for $65.5 million
- 849,327 bitcoin held as of Nov. 1
- $164.0 million net raised from common stock sales
- $4.79 billion USD Reserve
Sources
- Strategy Inc Form 8-K with weekly bitcoin and repurchase update, filed Nov. 2, 2026 (accession 0001193125-26-442707)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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