Strategy Adds 1,036 Bitcoin and Buys Back $188 Million in STRC Before MSCI Decision
Strategy has expanded its Bitcoin holdings while repurchasing millions of dollars in preferred shares, reinforcing its aggressive cryptocurrency treasury strategy. The company purchased $81.9 million in Bitcoin and bought back $188.3 million in STRC preferred stock during the week ending November 8, 2026.
The transactions came as investors awaited an important decision from MSCI that could affect Strategy’s inclusion in major equity indexes.
Strategy Expands Bitcoin Holdings to 850,364 BTC
According to a November 9 regulatory filing, Strategy acquired 1,036 Bitcoin between November 2 and November 8. The company paid an average of $79,012 per Bitcoin, including transaction expenses.
The latest purchase increased Strategy’s total holdings to 850,364 BTC, representing more than 4% of Bitcoin’s maximum supply. Its cumulative Bitcoin investment now stands at approximately $64.16 billion, with an average acquisition cost of $75,456 per coin.
The acquisition also marked Strategy’s second consecutive week of Bitcoin purchases. During the previous week, the company acquired 811 BTC for approximately $65.5 million after briefly pausing its buying activity.
Strategy Sells $284 Million in MSTR Shares
Strategy financed its latest transactions by selling 2,051,348 shares of its Class A common stock, MSTR. The sales generated approximately $283.8 million in net proceeds through its at-the-market offering program.
Of that amount, Strategy allocated $81.9 million toward Bitcoin purchases and $188.3 million toward repurchasing 1,887,464 STRC preferred shares. The remaining $13.6 million went into its cash account.
Following these transactions, Strategy reported $146.2 million in available cash and a separate $4.77 billion reserve. The company uses its reserve to support preferred dividend payments and debt obligations.
Additionally, Strategy retains approximately $560.3 million in preferred share repurchase authorization and $1 billion for potential MSTR stock buybacks.
MSCI Index Decision Creates Uncertainty
The transactions 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 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.
Despite this uncertainty, Strategy continues expanding its Bitcoin treasury while managing its preferred stock obligations. Its latest transactions highlight the company’s commitment to Bitcoin accumulation alongside active capital management.
