Close-up of an FPGA Bitcoin mining board

Strategy Buys 1,036 More Bitcoin as Its Treasury Crosses 850,000 BTC

By Isaac • November 9, 2026 12:39 pm • Comments

Strategy is still buying Bitcoin, even with the market trading close to the company’s own cost basis.

The company disclosed Monday that it acquired 1,036 BTC for $81.9 million between November 2 and November 8. The purchases averaged $79,012 per Bitcoin, including fees and expenses.

That lifted Strategy’s total holdings to 850,364 BTC. The company says it has spent about $64.16 billion on the position at an average cost of $75,456 per coin.

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According to Strategy, the Bitcoin purchase was only one part of a much larger capital move. The company also repurchased roughly $188.3 million of its STRC preferred stock during the same period.

The company sold 2,051,348 shares of MSTR through its at-the-market program and raised about $283.8 million in net proceeds. Of that amount, $81.9 million went toward Bitcoin, $188.3 million funded the STRC repurchase, and the remaining $13.6 million was added to general dollar cash.

The distinction matters. Strategy is using fresh capital for both Bitcoin accumulation and balance-sheet management.

The preferred-stock repurchase reduces the amount of STRC entitled to future dividends. The company is also maintaining a large dollar reserve for preferred dividends and debt obligations.

Crypto.news detailed the financing split and reported that Strategy held about $4.9 billion in dollar-denominated assets after the transactions. That included a $4.77 billion reserve and $146.2 million in general cash.

The same report noted that Strategy used $21.1 million from the reserve for preferred dividends during the week. It still had $560.3 million available under its preferred repurchase authorization and more than $18 billion of capacity under the MSTR at-the-market program.

Bitcoin was trading near $74,800 after the announcement, slightly below Strategy’s reported average acquisition cost. That puts the enormous treasury close to break-even on paper, but the latest purchase shows the company has not backed away from its long-term accumulation plan.

Strive CEO Matt Cole also disclosed a smaller purchase Monday. Strive acquired 29 BTC for about $2.2 million at an average cost of $75,721, bringing its reported holdings to 43,153 BTC.

The two purchases arrived during a rough stretch for crypto prices. That makes the timing more important than the headline number alone: major corporate holders are still willing to add Bitcoin while volatility is high and market sentiment is weak.

Strategy remains in a category of its own by size. But the broader signal is that the corporate-treasury model has survived another market pullback, and its largest participant is still using fresh capital to buy more.

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