Strategy buys 1,036 bitcoin, lifting holdings to 850,364 BTC

Strategy, the largest corporate holder of bitcoin, bought 1,036 BTC between November 2 and November 8, 2026. It paid about $81.9 million, or $79,012 per coin on average, according to a Form 8-K filed with the SEC on November 9.

The company now holds 850,364 BTC. It paid a total of $64.16 billion for them, an average of $75,456 per bitcoin including fees. The Block noted the stack equals more than 4% of bitcoin's 21 million supply cap.

How it paid

Strategy sold 2,051,348 shares of its MSTR common stock through its at-the-market program during the week. The sales raised $283.8 million in net proceeds. The filing splits that money three ways.

• $81.9 million for bitcoin purchases
• $188.3 million to repurchase 1,887,464 shares of its STRC preferred stock
• $13.6 million kept as US dollar cash

Strategy sold no preferred shares during the period, the filing shows. About $18.34 billion of MSTR stock remains available under the at-the-market program.

Cash on hand

Strategy reported a USD Reserve of $4.77 billion and USD Cash of $146.2 million as of November 8. Executive chairman Michael Saylor wrote on X that the company holds "$4.9B of USD Assets," Bitcoin Magazine reported.

Saylor had posted a chart of the company's past purchases on Sunday with the caption "Connecting the dots," according to The Block. The outlet read the post as a hint of the coming announcement.

Holdings dip below cost

Bitcoin traded near $74,800 when Bitcoin Magazine reported the purchase on Monday morning. That was below Strategy's average cost of $75,456, leaving the holdings slightly under water on paper. Bitcoin Magazine estimated the paper loss at roughly $550 million.

The gap widened on Tuesday. The Block put bitcoin at $73,363 in the afternoon of November 10 after hotter-than-expected inflation data.

MSTR shares closed at $128.93 on Friday, November 6, both The Block and Bitcoin Magazine reported. The Block said the stock fell 2.1% over that week while bitcoin slipped 3.2%.

How it compares

Strategy leads nearly 200 public companies that hold bitcoin, according to The Block. The next largest are Metaplanet with 44,000 BTC, Twenty One with 43,514 BTC and Strive with 43,124 BTC.

Not financial advice.