{"id":249307,"date":"2026-11-09T13:49:18","date_gmt":"2026-11-09T13:49:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249307"},"modified":"2026-11-09T13:49:18","modified_gmt":"2026-11-09T13:49:18","slug":"strategy-mstr-adds-1036-bitcoin-for-81-9-million-as-holdings-slip-below-cost","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249307","title":{"rendered":"Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost<\/a><\/p>\n

<\/div>\n

Strategy bought another 1,036 bitcoin last week. The Saylor-led firm spent $81.9 million at an average of $79,012 per coin between November 2 and November 8, a Monday 8-K filing<\/a> shows, lifting total holdings to 850,364 BTC bought for $64.16 billion at an average of $75,456.<\/p>\n

The coins were funded with net proceeds from MSTR common stock sales. Strategy sold about 2.05 million shares for $283.8 million, put $81.9 million into bitcoin, spent $188.3 million buying back its STRC preferred<\/a> and parked $13.6 million in USD cash. No preferred stock was sold under the ATM during the week.<\/p>\n

That buyback retired about 1.89 million STRC shares. Strategy still has $560.3 million left under its preferred repurchase program and $1.0 billion under its MSTR buyback authorization, with about $18.3 billion of MSTR still available under the ATM.<\/p>\n

Executive Chairman Michael Saylor posted<\/a> the update on X: \u201cStrategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11\/8\/26, we hold 850,364 BTC and $4.9B of USD Assets.\u201d<\/p>\n

On Sunday he shared<\/a> his usual \u201cdots\u201d tracker chart with the line \u201cConnecting the dots,\u201d a tease that has often preceded Monday buy filings. The chart landed after a weekend slide that pushed bitcoin toward $74,000, its weakest level since August.<\/p>\n

A thin cushion under Strategy\u2019s treasury<\/h2>\n

The filing lands as the spot bitcoin price sits below Strategy\u2019s average cost. At the time of writing it trades near $74,800, about 0.9% under the $75,456 basis, leaving the stack roughly $550 million underwater on paper. The prior week\u2019s average cost was $75,451, so the new purchase nudged the basis up by only $5 even though those 1,036 coins were bought at nearly $79,000.<\/p>\n

Strategy\u2019s ledger<\/a> shows that was not the first time the firm has run a thin cushion this year. Between June 30 and August 10 it sold bitcoin<\/a> in four consecutive filings \u2014 1,363, then 2,225, then 1,638, then 1,690 coins \u2014 to fund preferred dividends and STRC buybacks before flipping back to accumulation.<\/p>\n

Those sales cut the stack to 840,447 BTC at their low. Strategy has since rebuilt past that mark and now holds more than 4% of bitcoin\u2019s 21 million supply cap. The pace of buying has slowed since the summer sales. Strategy added 811 bitcoin<\/a> the week before this one and skipped buys entirely<\/a> the week of October 19 through 25 while spending about $205 million on STRC.<\/p>\n

What the preferred buybacks leave open<\/h2>\n

STRC is designed to trade near its $100 par. Strategy has spent more than $2 billion retiring the preferred this year as the shares oscillated around that level, and shareholders recently approved daily dividends<\/a> on STRC, STRF, STRK and STRD. Daily accrual for STRC began November 1.<\/p>\n

This week\u2019s mix put more ATM cash into preferred buybacks than into bitcoin. The $188.3 million STRC repurchase was more than twice the $81.9 million bitcoin spend, a pattern that has become familiar since Strategy built its USD Reserve and USD Cash buckets over the summer. Last week\u2019s 811-coin purchase was also paired with a larger STRC buyback, then funded from USD cash rather than fresh stock sales.<\/p>\n

As of November 8, the USD Reserve stood at $4.77 billion and USD Cash at $146.2 million. Strategy used $21.1 million of the reserve during the week to pay preferred dividends. The SEC 8-K<\/a> is the primary disclosure; Strategy also posts the same figures on its public dashboard.<\/p>\n

MSTR closed Friday at $128.93 after a rough stretch that included a 9% weekly drop into the October 30 close, and the stock was indicated lower in premarket trading Monday. At the time of writing, bitcoin is near $74,800, Bitcoin Magazine Pro<\/em> data shows. The test now is whether Strategy keeps buying through an underwater stack or leans harder on preferred buybacks while the ATM stays open.<\/p>\n

This post Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost Strategy bought another 1,036 bitcoin last week. The Saylor-led firm spent $81.9 million at an average of $79,012 per coin between November 2 and November 8, a Monday 8-K filing shows, lifting total holdings to 850,364 BTC bought for $64.16 […]<\/p>\n","protected":false},"author":0,"featured_media":249308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-249307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249307"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=249307"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/249308"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=249307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=249307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=249307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}