Strategy broadened its Bitcoin treasury and repurchased a substantial block of its preferred shares during the week ending November 8, 2026, disclosing $81.9 million in cryptocurrency purchases alongside $188.3 million in STRC buybacks as investors awaited a consequential index decision from MSCI.

Bitcoin Holdings Rise to 850,364 BTC

According to a regulatory filing dated November 9, Strategy acquired 1,036 Bitcoin between November 2 and November 8, paying an average of $79,012 per coin once fees and transaction expenses were included.

The purchase raised the company's total holdings to 850,364 BTC, representing more than 4% of Bitcoin's maximum supply. Strategy's cumulative investment in the asset now stands at approximately $64.16 billion, with an average acquisition cost of $75,456 per coin — a level below this week's $79,012 purchase price.

The acquisition also marked the company's second consecutive week of Bitcoin purchases. In the prior week, Strategy had acquired 811 BTC for approximately $65.5 million, resuming its buying activity after a brief pause.

MSTR Share Sales Fund the Week's Transactions

Strategy financed its latest moves by selling 2,051,348 shares of its Class A common stock, traded under the ticker MSTR, generating approximately $283.8 million in net proceeds through its at-the-market offering program — a structure that allows a company to sell newly issued shares into the market at prevailing prices over time rather than in a single underwritten block.

Of that amount, the company allocated $81.9 million to Bitcoin purchases and $188.3 million to the repurchase of 1,887,464 STRC preferred shares, a class whose recurring dividend payments are covered by a dedicated company reserve, directing the remaining $13.6 million into its cash account.

Following the transactions, Strategy reported $146.2 million in available cash, along with a separate $4.77 billion reserve that supports preferred dividend payments and debt obligations. The company also retains approximately $560.3 million in remaining preferred share repurchase authorization and a $1 billion authorization for potential MSTR stock buybacks.

MSCI Index Decision Creates Uncertainty

The disclosures arrived shortly before MSCI's expected November 11 announcement concerning companies affected by its index eligibility rules. The index provider's approach to businesses heavily concentrated in a single asset could threaten Strategy's position in certain equity indexes — a matter with structural weight, since funds that track an index generally hold the stocks it includes, making eligibility a key determinant of a stock's passive investor base.

A potential exclusion could influence demand for MSTR shares among investment funds that track those indexes. However, no removal decision had been confirmed as of November 9, leaving the outcome to the index provider's expected announcement two days later.

Despite the uncertainty, Strategy continued to expand its Bitcoin treasury while managing its preferred stock obligations, with its latest transactions underscoring both its commitment to accumulation and its active capital management.

Source: CryptoMeter io — Strategy Adds 1,036 Bitcoin and Buys Back $188 Million in STRC Before MSCI Decision