Strategy (MSTR) Adds 1,036 Bitcoin for $81.9 Million as Holdings Slip Below Cost

Strategy bought 1,036 bitcoin last week for $81.9 million at an average of $79,012, lifting its stack to 850,364 BTC.

Strategy bought another 1,036 bitcoin last week. The Saylor-led firm spent $81.9 million at an average of $79,012 per coin between November 2 and November 8, a Monday 8-K filing shows, lifting total holdings to 850,364 BTC bought for $64.16 billion at an average of $75,456.

The coins were funded with net proceeds from MSTR common stock sales. Strategy sold about 2.05 million shares for $283.8 million, put $81.9 million into bitcoin, spent $188.3 million buying back its STRC preferred and parked $13.6 million in USD cash. No preferred stock was sold under the ATM during the week.

That buyback retired about 1.89 million STRC shares. Strategy still has $560.3 million left under its preferred repurchase program and $1.0 billion under its MSTR buyback authorization, with about $18.3 billion of MSTR still available under the ATM.

Executive Chairman Michael Saylor posted the update on X: “Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets.”

On Sunday he shared his usual “dots” tracker chart with the line “Connecting the dots,” a tease that has often preceded Monday buy filings. The chart landed after a weekend slide that pushed bitcoin toward $74,000, its weakest level since August.

The filing lands as the spot bitcoin price sits below Strategy’s average cost. At the time of writing it trades near $74,800, about 0.9% under the $75,456 basis, leaving the stack roughly $550 million underwater on paper. The prior week’s average cost was $75,451, so the new purchase nudged the basis up by only $5 even though those 1,036 coins were bought at nearly $79,000.

Strategy’s ledger shows that was not the first time the firm has run a thin cushion this year. Between June 30 and August 10 it sold bitcoin in four consecutive filings — 1,363, then 2,225, then 1,638, then 1,690 coins — to fund preferred dividends and STRC buybacks before flipping back to accumulation.