Strategy purchased 1,036 Bitcoin for approximately $81.9 million between November 2 and November 8, lifting its corporate holdings to 850,364 BTC as the cryptocurrency traded below the company's average acquisition cost. As the largest publicly disclosed corporate holder of Bitcoin, Strategy's weekly purchase figures serve as a recurring reference point for tracking the broader corporate Bitcoin treasury trend.

The acquisitions were completed at an average price of $79,012 per Bitcoin, inclusive of fees and expenses, according to the company's November 9 SEC filing. Strategy's aggregate Bitcoin investment now stands at approximately $64.16 billion, reflecting an average acquisition price of $75,456 per coin.

Bitcoin traded near $74,570 on November 9, according to Strategy's corporate dashboard, leaving the holdings modestly below their aggregate purchase cost at that point — a gap of roughly $886 per coin between the market price and the company's blended cost basis.

The latest purchase follows the prior week's acquisition of 811 BTC for $65.5 million at an average price of $80,846, extending the company's accumulation streak despite weaker market conditions.

Strategy Directs More Capital to STRC Buybacks Than to Bitcoin

Strategy devoted considerably more capital to preferred-share repurchases than to Bitcoin purchases during the latest reporting period.

The company repurchased 1,887,464 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for approximately $188.3 million — more than double the amount it spent acquiring Bitcoin.

Both activities were funded through common-stock issuance. Strategy sold 2,051,348 MSTR shares under its at-the-market offering program — a mechanism that allows a company to sell newly issued shares into the open market over time at prevailing prices — generating $283.8 million in net proceeds. Of that total, $81.9 million financed Bitcoin purchases, $188.3 million covered STRC repurchases, and $13.6 million was allocated to USD Cash.

STRC is a preferred equity security designed to deliver variable dividend income. Repurchasing outstanding shares shrinks the preferred equity base and can reduce future dividend obligations, although funding the transactions with newly issued common shares dilutes existing MSTR shareholders.

The week's activity continues Strategy's recent emphasis on preferred-share buybacks, an increasingly prominent component of its capital management.

Following the transactions, Strategy retained $560.3 million in authorized preferred-stock repurchase capacity. Its dollar-denominated assets totaled approximately $4.9 billion, comprising a $4.77 billion USD Reserve intended primarily for dividends and debt interest, alongside $146.2 million in separately managed USD Cash. The company drew $21.1 million from the reserve during the week to pay preferred dividends. How quickly the remaining buyback authorization is deployed, and how far the reserve is drawn to cover preferred dividends and debt interest, are figures readers can follow in the company's weekly SEC disclosures.

Strive Expands Holdings as Schiff Challenges Saylor

Fellow Bitcoin treasury company Strive also enlarged its holdings, acquiring 29 BTC for approximately $2.2 million between October 31 and November 6.

The purchases averaged $75,721 per coin and lifted Strive's total to 43,153 BTC, according to its November 9 SEC disclosure.

Strive held $487.6 million in cash and cash equivalents, together with 505,000 Strategy STRC shares valued at approximately $50.4 million. Both companies have previously featured in the broader corporate Bitcoin accumulation trend.

Meanwhile, Strategy Executive Chairman Michael Saylor maintained his publicly bullish posture, posting "Look ₿oth Ways" on X following the latest purchase announcement.

Longtime Bitcoin critic Peter Schiff challenged Strategy's capital management, arguing that STRC buybacks were supporting its share price and warning that falling Bitcoin prices could intensify selling pressure despite STRC's 12% annual dividend rate.

Schiff also criticized Strategy's common-stock issuance, arguing that the transactions diluted shareholders while funding Bitcoin accumulation and preferred equity repurchases.

Strategy's latest financing activity underscores the competing demands on its capital: sustaining Bitcoin accumulation, managing preferred-stock obligations, and maintaining liquidity during periods of market weakness.