Strategy’s latest filing shows it put more fresh capital into buying back preferred shares than into buying Bitcoin. For the week ended November 8, the company bought 1,036 Bitcoin for $81.9 million, bringing its holdings to 850,364 Bitcoin. It also spent $188.3 million repurchasing STRC preferred shares.
Both uses of capital were funded alongside each other by selling MSTR common stock. Those sales brought in $283.8 million in net proceeds. After the Bitcoin purchases and preferred-share repurchases, $13.6 million went to U.S. dollar cash. So the filing records an allocation choice: more than twice as much went to STRC buybacks as to Bitcoin accumulation.
Strategy paid an average of $79,012 per Bitcoin in the purchases. Across its full holdings, the average purchase price was $75,456 per coin. This filing does not show Strategy abandoning accumulation. It shows the company using the same funding channel for Bitcoin purchases, STRC repurchases, and cash allocation in that week.