Strategy buys 1,036 BTC, spends $188.3M on STRC buyback

Strategy bought 1,036 BTC between 2 and 8 Nov for $81.9 million, an average of $79,012 each, according to a Form 8-K filed on Monday. It also repurchased 1,887,464 STRC preferred shares for $188.3 million. Strategy, which CryptoWatchDesk last covered on 2 Nov when it bought 811 BTC but spent $208.2 million on STRC, now holds 850,364 BTC.

The buyback is again the larger line, at 2.3 times the bitcoin spend, although it fell from $208.2 million a week earlier. The bitcoin purchase rose from $65.5 million. All of it was funded by selling 2,051,348 common shares for $283.8 million net, so the company is issuing MSTR stock to retire STRC.

Strategy, 2 to 8 Nov	Amount
MSTR shares sold (ATM)	2,051,348 for $283.8M net
Bitcoin bought	1,036 BTC for $81.9M
STRC shares repurchased	1,887,464 for $188.3M
USD Cash at 8 Nov	$146.2M
USD Reserve at 8 Nov	$4.77B

Source: Strategy Form 8-K, 9 Nov 2026.

The remainder, $13.6 million, went to USD Cash, which stood at $146.2 million, up from the $132.7 million in our 2 Nov report. Strategy drew $21.1 million from its USD Reserve to pay preferred dividends. It says $560.3 million remains under its preferred-stock repurchase programme and $1.0 billion under its MSTR programme, with no MSTR shares bought back.

Its bitcoin now cost an aggregate $64.16 billion, an average of $75,456, the filing says. Kraken showed bitcoin at $74,838 at 14:50 UTC, below that average and about $4,170 below what Strategy paid last week. Bitcoin touched $73,444 on Kraken late on Sunday.

Bitmine Immersion Technologies added 9,587 ETH and held 6,070,092 ETH at 14:00 ET on 8 Nov, it said in a release. That is 4.97% of ether supply, which by our arithmetic leaves it about 39,900 ETH short of its 5% target. It valued the holdings at $2,234 per ETH; Kraken showed ether at $2,130 on Monday afternoon.

Bitmine’s staked total, 5,227,037 ETH, is the same figure it gave a week ago.

This article is for information only and is not investment advice.