Strategy buys 811 BTC, repurchases $208M STRC shares

• Michael Saylor’s Strategy acquired 811 BTC and repurchased $208.2M in preferred shares.
• Strive purchased 124 BTC using SATS ATM and preferred stock issuance.

On November 2, 2026, Cointelegraph reported that Michael Saylor’s company, Strategy, acquired 811 additional bitcoin at an average price of $80,846. The purchase was funded with $65.5 million raised from the sale of 1.17 million shares of MSTR common stock. Strategy also repurchased $208.2 million in STRC preferred shares, supporting their price recovery above $99 and reinforcing the company’s focus on improving its balance sheet alongside bitcoin accumulation.

Strategy’s priorities remain centered on building substantial bitcoin reserves and strengthening its financial position. Following these transactions, the company holds 849,327 BTC and $4.9 billion in liquid USD assets. Debt obligations stand at about $6.17 billion, while cash reserves are estimated to cover 3.3 years of operating costs. Strategy’s approach aligns with bitcoin-based treasury models and asset allocation strategies emphasizing long-term resilience.

Strive, another major corporate bitcoin holder, purchased 124 BTC at an average price of $80,526. According to TradingView, Strive financed its acquisition through the SATS ATM facility and a preferred stock issuance. This move signals continued confidence in bitcoin treasury strategies and ongoing institutional adoption.

Both companies have expanded their bitcoin holdings through well-planned asset allocations and preferred share buybacks. Their coordinated efforts highlight balance sheet improvement and long-term positioning for potential gains if a bitcoin bull market returns. These actions reflect a broader trend among corporate entities integrating bitcoin into treasury management models with a focus on durability and asset growth.

As of November 2, 2026, 15:10 UTC, Bitcoin (BTC) is trading at $77,912.34, with a -0.06% change in 24-hour trading volume, according to TradingView.