Strategy buys 811 BTC for $65.5M and repurchases $208.2M of preferred stock
CIE News ·
Based on reporting by Decrypt; not yet independently confirmed.
Strategy acquired 811 Bitcoin for $65.5 million between October 26 and November 1 while repurchasing $208.2 million of its STRC preferred shares, lifting total reserves to 849,327 BTC.
Strategy acquired 811 Bitcoin (BTC) for $65.5 million between October 26 and November 1, Decrypt reported, citing a company announcement and an SEC filing. The company paid an average of $80,846 per coin, resuming purchases after a one-week break. To fund the transactions, Strategy raised $164 million in net proceeds by selling 1,178,552 shares of MSTR common stock, directing $65.5 million to BTC and $98.5 million to its USD Cash account.
The firm also spent $208.2 million from USD Cash to repurchase 2,092,035 shares of its STRC variable-rate preferred stock. Following the transactions, Strategy held 849,327 BTC bought for an aggregate of $64.08 billion at an average price of $75,451 per coin. Combined USD assets stood at $4.9 billion, which includes $132.7 million in USD Cash and $4.79 billion in a separate reserve dedicated to preferred dividends and debt interest.
Strategy indicated that its USD assets provide 3.3 years of coverage for dividend and interest obligations. Meanwhile, MSCI finalized a rule disqualifying companies dominated by single assets from its equity indexes, with an affected list scheduled for publication on November 11, 2026.
Key facts
- 811 BTC bought for $65.5M
- 849,327 BTC total holdings
- $208.2M STRC shares repurchased
- $4.9B in total USD assets