Strategy acquires 811 BTC; Strive adds 124 in public treasury move

• On November 2, 2026, Michael Saylor’s Strategy purchased 811 BTC at $80,846 per coin, drawing $65.5 million from MSTR common stock sales and repurchased $208.2 million in STRC preferred shares.
• Strive bought 124 BTC, following Strategy’s approach as more public firms strengthen bitcoin holdings and actively manage capital structures.

On November 2, 2026, NewsCord and Cointelegraph reported that Strategy, led by Michael Saylor, acquired 811 bitcoin at an average price of $80,846 per coin. The firm funded this purchase by raising $65.5 million through the sale of MSTR common stock. Alongside its bitcoin acquisition, Strategy allocated $208.2 million to repurchase STRC preferred shares to boost STRC’s price above $99 and improve its capital structure amid ongoing debt.

Strive, another publicly traded company with a bitcoin-focused treasury, mirrored this strategy by purchasing 124 BTC. Strive used funds from its SATS ATM facility to add to its bitcoin reserves. Both companies prioritized substantial bitcoin holdings as a key element of their corporate balance sheets, according to the cited sources.

These actions signal a growing trend: public firms actively accumulating bitcoin and repurchasing preferred shares in response to shifting macroeconomic conditions and expectations of a bitcoin bull market. Strategy and Strive’s coordinated moves have increased market confidence in bitcoin-backed treasuries and demonstrate proactive capital structure management, balancing debt and liquidity.

As of November 2, 2026, 19:10 UTC, Bitcoin (BTC) was trading at $76,840.94, with a -0.99% change in 24-hour trading volume, according to CoinMarketCap.