Strategy resumes bitcoin buying with 811 BTC but spends $208.2M on STRC buybacks

Strategy bought 811 BTC between 26 Oct and 1 Nov for $65.5 million, an average of $80,846 each, according to a Form 8-K filed on Monday. It also repurchased 2,092,035 STRC preferred shares for $208.2 million. Strategy, which CryptoWatchDesk last covered on 30 Oct when its finance chief Andrew Kang said he would step down, now holds 849,327 BTC.

The bitcoin is the smaller line. Strategy spent more than three times as much on STRC as on bitcoin, a week after it bought no bitcoin and spent $204.9 million on STRC buybacks. The buyback was paid from USD Cash, which fell to $132.7 million from $242.4 million a week earlier.

Source: Strategy Form 8-K, 2 Nov 2026.

The common-stock sales raised $164.0 million, of which $98.5 million went to USD Cash, the filing says. No preferred stock was sold. Strategy used $43.4 million of its USD Reserve to pay preferred dividends.

It says $748.6 million remains under its preferred-stock repurchase programme and $1.0 billion under its MSTR programme.

MSTR closed Friday at $130.51, down 9.6% on the week, The Block reported. The company’s bitcoin cost an aggregate $64.08 billion, an average of $75,451, according to the filing.

Bitmine Immersion Technologies added 8,573 ETH and held 6,060,506 ETH as of 1 Nov, it said in a release. That is 4.9% of ether supply, and 5,227,037 ETH of it is staked, the company said. It puts total crypto, cash and securities at $14.5 billion.

Chairman Tom Lee said ETH had fallen 4% since the Binance theft was disclosed, against 8% on the day the Bybit hack was announced in February 2025. Kraken data broadly bears that out: ether opened 29 Oct at $2,357 and traded near $2,286 at 15:05 UTC on Monday, about 3% lower. Binance restarted withdrawals in phases on Sunday.

Bitcoin traded at $77,750 on Kraken at 14:53 UTC, below the $80,846 Strategy paid on average last week.

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