Strategy bought 811 BTC for $65.5 million between October 26 and November 1, resuming purchases after a one-week pause, according to an SEC filing. It also spent $208.2 million from its USD Cash balance to repurchase 2,092,035 STRC shares, cutting USD Cash to $132.7 million from $242.4 million a week earlier. The company now holds 849,327 BTC, acquired for $64.08 billion at an average of about $75,451 per coin. Mizuho kept its Outperform rating and $165 price target on MSTR, while analyst Dan Dolev flagged dilution concerns as Bitcoin per share fell 3.7% this year. Strategy also faces possible removal from MSCI's equity indexes, with the list of affected companies due on November 11.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC
Strategy bought 267 BTC for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, according to an SEC filing. Its board raised the digital credit securities repurchase program cap to $3 billion from $2 billion, leaving $1.16 billion available. The Bitcoin purchase was funded mainly by selling MSTR common stock, while the STRC buybacks came from cash reserves. The company now holds 848,517 BTC, acquired for a total of $64.02 billion at an average of $75,446 per coin. Strategy also faces possible removal from MSCI's indexes under a rule on 'non-operating companies'; MSCI will publish the affected list on November 11, and such companies are treated as ineligible from the close of November 30.
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- Strategy eyes more Bitcoin buys as Saylor touts $30B credit capacity
Strategy, a bitcoin treasury company, plans to fund more bitcoin purchases mainly through preferred-share offerings, and executive chairman Michael Saylor said it could create up to $30 billion in digital credit using its existing balance sheet without issuing new common stock or relying on further bitcoin price gains. Saylor described the possible amounts as $10 billion, $20 billion or $30 billion, and the article notes the $30 billion figure is a possible capacity rather than an announced fundraising target. CEO Phong Le said issuing digital credit would be the main way to acquire bitcoin, and that raising $1 billion to $2 billion a month through STRC could leave some proceeds in dollar reserves with the rest spent on bitcoin. In the third quarter, Strategy reported $19.53 billion in net income, driven largely by a $20.91 billion gain in the value of its digital assets, and its bitcoin holdings reached 848,517 BTC as of Oct. 25, up 26% year to date.
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- 12 Companies That Launched Bitcoin Treasuries in 2025 Have Sold All Their Bitcoin. Here's the Potential Impact.
A dozen digital asset treasury (DAT) companies that began buying Bitcoin in 2025 have sold all their coins, mostly to repay debt or return cash to investors after their stocks fell, according to Bitwise's October 2026 market report. The DAT model pioneered by Strategy relied on issuing shares or debt to buy more coins while the stock traded above the value of its holdings, and the process reversed once that premium disappeared. Sequans Communications, for example, accumulated more than 3,200 coins from June 2025 and sold its last by Sept. 24 of this year after using the proceeds to eliminate convertible debt. With public companies' average cost at $80,500 per coin in September 2026, many sellers likely took losses after Bitcoin entered a bear market in October 2025. Corporate buyers absorbed a net 18% of new supply in Q3, so the sales had little effect on price, but Strategy, holding 848,517 coins (about 4% of the 21 million supply cap), could have a large impact if it became a major seller.
- Strategy skips Bitcoin purchases, spends $205M on STRC buybacks
Strategy made no Bitcoin purchases or sales last week, instead spending $204.9 million to repurchase about 2.07 million shares of its STRC preferred stock. Its USD Cash balance fell about 46% to $242.4 million from $447.3 million, while its USD Reserve held steady at $4.83 billion. The company still holds 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin. Since October began, it has spent about $664 million on STRC buybacks versus $72.3 million for 851 BTC, as Bitcoin fell toward $80,000 after reaching $84,777 on Wednesday.
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- Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Strategy spent $208.2 million repurchasing STRC preferred shares and about $65.5 million buying 811 Bitcoin at an average price of $80,846, according to a Monday 8-K filing. The company sold about 1.18 million MSTR shares for net proceeds of $164 million, with $98.5 million allocated to its USD Cash balance. As of Sunday, it held $132.7 million in USD Cash and $4.79 billion in a separate US dollar reserve. Between Oct. 1 and Oct. 25, STRC buybacks totaled about $664 million versus about $72 million in Bitcoin acquisitions.
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