Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks

Strategy bought 811 bitcoin for $65.5 million in the week ended Nov. 1, returning to the market one week after it added none, the company disclosed in a Form 8-K on Monday.

Strategy paid an average of $80,846 per coin, fees included. Its stack now stands at 849,327 BTC, acquired for a combined $64.08 billion, or $75,451 per bitcoin on average.

Executive Chairman Michael Saylor confirmed the buy on X, writing that “Strategy has acquired 811 $BTC and repurchased $208M of $STRC.”

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Every bitcoin in the latest batch was paid for with proceeds from Strategy’s Class A common stock. Through its at-the-market program, the company sold 1,178,552 MSTR shares for $164.0 million after commissions. Of that, $65.5 million went to bitcoin and $98.5 million was added to USD Cash. Strategy issued no shares of its four preferred stocks, STRF, STRC, STRK and STRD, during the week.

Over the same seven days, Strategy spent $208.2 million repurchasing 2,092,035 STRC shares, drawing on USD Cash. That leaves $748.6 million of room in its preferred buyback program, whose cap the board lifted to $3 billion last month.

Across the last two weekly filings, Strategy has put $413.1 million into STRC repurchases since Oct. 19, by Unchained’s count, more than six times the $65.5 million it spent on bitcoin over that stretch. For the week that ended Oct. 25, it reported no bitcoin purchases and $204.9 million of STRC buybacks.

USD Cash ended the week at $132.7 million, down from $242.4 million a week earlier. The USD Reserve, which Strategy holds to cover preferred dividends and interest on its debt, was $4.79 billion after $43.4 million went to dividend payments. Saylor put the company’s USD assets at $4.9 billion.

Strategy paused STRC sales in June after the preferred fell below its intended $100 level.

Saylor said in a follow-up post that STRC’s “BTC Credit tightened to 59 bps” under assumptions that included a bitcoin price of $76,700, below the $80,846 average Strategy paid this week.

Related Listen: Why Lyn Alden Says Strategy Let Its Dollar Reserve Slip Too Far

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