Strategy reported that it financed its Bitcoin purchases and preferred‑share repurchases with proceeds from common‑stock sales during the period November 2–8, 2026.
Financing allocation
The company sold 2,051,348 MSTR shares, generating $283.8 million in net proceeds. Of that amount, $188.3 million (about 66.3%) was used to repurchase its variable‑rate preferred stock (STRC), $81.9 million (28.9%) funded the purchase of 1,036 Bitcoin, and $13.6 million (4.8%) was retained as USD cash.
Preferred‑share price and policy
STRC reached an intraday high of $100 on November 4 and closed at $99.98. Strategy’s July 27 policy stated that it would not issue STRC below $100 and aimed for sustained trading near that level, though the policy is subject to change.
Bitcoin purchase details
The Bitcoin acquisition cost an average of $79,012 per coin, including fees and expenses. The purchase was explicitly linked to the proceeds from the common‑stock sale.
Preferred‑share repurchase activity
During the same week, Strategy bought back 1,887,464 STRC shares. The repurchase program is intended to reduce future preferred‑dividend obligations, with the pace of repurchases expected to adjust as the price approaches $100.
Cash and dividend reserves
At the end of the week, USD cash stood at $146.2 million, and a separate reserve of $4.77 billion was available for dividends and interest. Preferred dividends of $21.1 million were paid from this reserve.
Comparison with prior week
In the prior week, Strategy disclosed $164 million of common‑stock proceeds, allocating $65.5 million to Bitcoin purchases and $98.5 million to cash, while using $208.2 million of cash reserves for STRC repurchases. The current week’s allocation shows a shift to direct financing of both Bitcoin purchases and preferred‑share buybacks from the common‑stock proceeds.
