Strategy buys 811 BTC, spends $208M on STRC buyback

• Strategy acquired 811 BTC and repurchased $208.2M in STRC preferred shares to stabilize its balance sheet
• Strive and Strategy use equity funding models for BTC accumulation, highlighting institutional adoption

On November 2, 2026 (UTC), Crypto Briefing reported that Strategy, led by Michael Saylor, bought 811 BTC at an average price of $80,846 per coin, funding the purchase with part of $65.5 million raised from MSTR common stock sales. Simultaneously, Strategy repurchased $208.2 million in STRC preferred shares to support price recovery and reinforce balance sheet stability.

The BTC acquisition signals a continuation of Strategy’s smaller, targeted buys, while the preferred share repurchase program now dominates capital allocation, with more funds allocated to STRC buybacks than weekly Bitcoin purchases. As of November 2, Strategy holds 849,327 BTC with an average acquisition price of $75,451—yielding a modest unrealized gain at current market levels, according to Crypto Briefing.

TradingView News noted on October 31 that despite ongoing Bitcoin accumulation, most of Strategy’s capital now supports STRC stabilization, reflecting the firm’s strategic priority to protect preferred share value, secure dividend capacity, and address $6.17 billion in debt and obligations related to preferred stock.

Meanwhile, Cryptopolitan reported on October 31 that Strive, another public company, expanded its Bitcoin holdings by 124 BTC at an average price of $80,526, using its SATS ATM facility. This highlights the increasing adoption of variable-price preferred stock models for BTC treasury strategies.

Both Strategy and Strive utilize innovative equity and stock facilities to grow their Bitcoin treasuries—demonstrating persistent institutional confidence in Bitcoin, even as capital shifts toward equity stabilization and managing debt. According to Bitcointreasuries.net, ongoing obligations and maturities from September 2025 through 2032 pose continued cash management and dilution risks for both companies.

As of November 2, 2026, 17:10 UTC, Bitcoin (BTC) traded at $77,270.48, down 0.97% over the previous 24 hours, per the latest market data.