Strategy acquired 811 additional bitcoin and allocated cash to repurchase preferred STRC shares, resuming its weekly BTC purchases after a week in which it bought only STRC. The latest acquisition was completed between October 26 and November 1 at an average price of $80,846 per BTC.

As of November 2, Strategy’s average acquisition cost stood at $75,451 per BTC, leaving the company with a slight unrealized gain based on current market prices. The purchase was relatively small and did not significantly affect the market as BTC sought support near $77,000.

Strategy allocated $65.5 million from MSTR common-stock sales to the BTC purchase, with the remainder intended to strengthen its balance sheet. Overall, the company sold 1.17 million MSTR common shares valued at $164 million, according to its latest 8-K filing. Those routine weekly filings have become the market’s main public record of the company’s buying pace. Strategy has more than 18 million authorized MSTR shares available for issuance to fund additional purchases.

MSTR traded at $130.51. The weekly BTC purchases have not, so far, resulted in concerns about dilution, while Strategy has continued positioning its balance sheet for potential gains if the BTC market enters a bull phase. The company’s approach could increase MSTR’s sensitivity to BTC price movements.

Strive adds 124 BTC using SATS facility

Strategy remains the largest corporate holder of BTC, although Strive has also been actively adding to its holdings. Strive uses its own preferred-stock model and has more than doubled its BTC holdings over the past three months. The accumulation strategy Strategy pioneered has gradually been adopted by other public companies. Its activity, together with Strategy’s smaller purchases, has maintained attention on the BTC treasury model and the companies’ stated long-term approach.

As of November 2, Strive had acquired an additional 124 BTC at an average price of $80,526 per BTC. The purchase marked the first use of Strive’s SATS ATM facility. ATM programs allow a company to sell newly issued shares directly into the open market at prevailing prices rather than through a fixed-price offering. Unlike the SATA preferred stock, SATS has no target range and can be issued at various prices. Strive has authorized the facility to raise $1 billion through SATS issuance.

Strategy repurchases STRC preferred shares

Strategy’s preferred STRC shares remain a focus for the company after being widely used in fundraising during 2026. Over the past week, Strategy allocated $208.2 million to STRC repurchases, using a combination of newly raised funds and cash reserves.

The repurchases supported a recovery in STRC, bringing the preferred shares above $99. Strategy has not issued new STRC during this period, instead waiting for greater price stability and investor interest. Over the past three months, STRC has recovered by more than 10%, moving closer to a range above $100 and as high as $101, a level that would eventually support new issuance. Whether Strategy reopens STRC issuance once the price stabilizes near that level is a detail to watch in its weekly disclosures.

Company reports 3.3 years of cash reserves

Executive Chairman Michael Saylor said Strategy held 3.3 years’ worth of cash reserves. As of November 2, the company held $4.9 billion in liquid U.S. dollar assets in addition to 849,327 BTC. That position equals roughly 4% of bitcoin’s fixed 21 million maximum supply.

Strategy has worked to strengthen its balance sheet and increase its ability to withstand another crypto winter. Total debt remained around $6.17 billion, while obligations linked to preferred stock were reported at 13,136B. That liquidity serves as the cushion intended to keep obligations covered through a prolonged downturn.

The company continues to carry substantial obligations. Maturities for some outstanding debt were scheduled to begin in September 2025, with major maturities extending through 2032, creating a long-term requirement to meet those obligations.

Source: Cryptopolitan