Strategy acquires 811 Bitcoin, repurchases $208M STRC shares

• Strategy acquired 811 BTC and repurchased $208M in STRC preferred shares.
• Company funded BTC purchases mainly by selling $164M in MSTR and maintains robust cash reserves.

On November 3, 2026, Cryptopolitan reported that Strategy (formerly MicroStrategy) acquired an additional 811 Bitcoin at an average price of $80,846 per BTC. The company funded this purchase by raising $164 million through the sale of 1.17 million MSTR common shares and using a portion of its existing cash reserves. Meanwhile, Strategy spent $208.2 million to buy back STRC preferred shares, which supported their market price above $99.

Strategy continues to build its corporate BTC treasury, holding 849,327 BTC as of November 2, 2026, according to the latest company disclosures. This brings its average BTC acquisition cost to $75,451, reflecting a slight unrealized gain compared to current market prices. In addition to its Bitcoin assets, the company maintains $4.9 billion in liquid USD assets and over three years of cash reserves, as confirmed by CEO Michael Saylor.

The company carries $6.17 billion in total debt and $13.136 billion in obligations linked to preferred stock. Major debt maturities begin in September 2025 and extend through 2032, according to recent earnings reports. The firm's strategy in recent weeks has included smaller BTC purchases and larger STRC preferred share repurchases, signaling a dual focus on strengthening its balance sheet and reinforcing share value alongside BTC accumulation.

Strategy’s funding model centers on ongoing MSTR common share issuance, using authorized stock to secure additional liquidity. The pace and scale of BTC acquisitions are monitored closely to avoid market disruption or shareholder dilution. Meanwhile, Strive, another corporate Bitcoin holder, has more than doubled its BTC treasury in the past three months, utilizing flexible preferred stock issuance to raise up to $1 billion.

Analysts note that Strategy’s strategic approach—gradual BTC accumulation paired with active preferred equity and debt management—demonstrates continued corporate confidence in Bitcoin as a treasury reserve asset. The firm’s management has prioritized liquidity, resilience, and preparation for evolving market conditions, focusing on both financial stability and exposure to Bitcoin price upside.

As of November 3, 2026, 00:09 UTC, Bitcoin (BTC) is trading at $76,592.93, with a -2.009% change in 24-hour trading volume, according to the latest market data.