Markets · $MSTR
Strategy Resumes Bitcoin Buying With 811 BTC Purchase After One-Week Pause, Filing Shows
Image: TheDigitalArtist via Pixabay
The $65.5 million buy lifts holdings to 849,327 bitcoin, even as the company spent $208 million buying back its STRC preferred shares.
By Emmanuel Cruz ·
Strategy, the company known for its large bitcoin treasury, resumed buying on Monday after skipping the previous week, disclosing the purchase of 811 bitcoin for about $65.5 million in a filing with the Securities and Exchange Commission [1]. The buys ran from October 26 through November 1 at an average price of $80,846 per coin, according to The Block's account of the 8-K filing [1].
After the purchase, Strategy holds 849,327 bitcoin, which it acquired for a total of roughly $64.1 billion, or an average of $75,451 per coin [1]. The Block valued the stash at about $65.9 billion. CoinDesk's Monday live blog put the holdings at about 4.04% of bitcoin's total supply [2]. That blog listed the week's purchase as 810 bitcoin, while The Block's report of the filing says 811; this article uses the filing-based figure [1][2].
The timing matters because the coins were bought well above where bitcoin traded at the end of the session. CoinDesk's blog showed bitcoin near $76,750 at about 3:41 p.m. ET on Monday, down 1.3% over 24 hours [2]. That is slightly above the company's overall average cost, but below this week's average purchase price, so the latest tranche is under water at that quote.
The funding mix was unusual. Strategy sold 1,178,552 shares of its MSTR common stock through its at-the-market program for about $164 million, leaving $18.62 billion available under that program [1]. Only about $65.5 million of that went into bitcoin. The company also repurchased roughly 2.1 million shares of its STRC preferred stock for about $208.2 million, paid from its dollar cash reserve, and used $43.4 million from a separate dollar reserve to cover preferred dividends [1]. As of November 1, the dollar reserve stood at $4.79 billion and the cash balance at $132.7 million [1].
Taken together, the filing shows the company raising money in common stock while buying back preferred shares and restarting its bitcoin accumulation after skipping the week of October 26 [1]. Michael Saylor has framed the company's outlook in upbeat terms; on Thursday, when Strategy reported $19.5 billion in third-quarter net income, he said "We're at the beginning of the next bitcoin bull market," The Block reported [1].
Other crypto treasury companies were mixed. Strive added 124 bitcoin, bringing its holdings to 43,124, while Bitmine bought 8,573 ether, taking its total to 6,060,506 ETH, about 4.96% of supply against a stated 5% target and its smallest weekly purchase since mid-August, CoinDesk reported [2]. Metaplanet repurchased about 96.5 million of its own shares in the second half of October for roughly 25.3 billion yen, or about $160 million [2].
Crypto-linked stocks were under pressure on Monday as the broader technology selloff continued. In CoinDesk's tally, Galaxy Digital fell 9%, Strive 6% and Coinbase 5% [2].
What to watch next is the pace of Strategy's weekly disclosures: whether the company keeps funding purchases through common stock sales, how much more it spends on preferred buybacks from a cash balance that has fallen to $132.7 million, and whether bitcoin's slide below the company's recent purchase prices changes its appetite [1].
Sources:
[1] The Block, "'We found room for even more orange': Michael Saylor's Strategy scoops up another 811 bitcoin for $65.5 million", November 2, 2026. https://www.theblock.co/news/business/2026-11-02-we-found-room-for-even-more-orange-michael-saylor-strategy-bitcoin-btc-432275
[2] CoinDesk, "Live updates: Bitcoin bounce fades as Binance exploit, AI unwind continue to weigh", November 2, 2026. https://www.coindesk.com/markets/2026/11/02/live-updates-binance-records-usd6-billion-outflows-after-starting-withdrawals-less-then-4-of-total-holdings
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.