Strategy Bitcoin Purchase Looks Small, But Bigger Move Is Elsewhere

Strategy Bitcoin Purchase: 811 BTC Bought, But STRC Got 3x More Cash

As of November 3, 2026, the Strategy bitcoin purchase today covers 811 BTC, bought between October 26 and November 1, according to theStrategy 8-K filing dated November 2, 2026. The bitcoin treasury company paid $65.5 million, using MSTR stock sale proceeds.

Michael Saylor also covered this news inhis tweet on X, saying the company acquired 811 BTC and repurchased $208M of $STRC. 

It is the key update in crypto news today for Strategy followers.

Item

Detail

Period

Oct 26 to Nov 1, 2026

BTC bought

811 BTC

Cost

$65.5 million

Strategy average purchase price (this buy)

$80,846

How Many Bitcoin Does Strategy Own Now?

As of November 1, 2026, Strategy BTC holdings stood at 849,327 $BTC, per the filing. The Strategy total holdings 849,327 figure cost an aggregate $64.08 billion.

The Strategy average bitcoin purchase price $75,451 is the cost basis across all coins. 

Strategy bitcoin holdings and Saylor bitcoin holdings now include the 811 new coins, and every Strategy bitcoin purchase shifts that cost basis slightly.

Why Did Strategy Buy Back STRC?

Strategy repurchases $208 million STRC shares in this update, and the filing gives no stated reason. The Strategy $STRC buyback covered 2,092,035 shares for $208.2 million.

The cash came from USD Cash, not bitcoin sales. By simple calculation, the buyback cost about 3.2 times the $65.5 million behind the Strategy bitcoin purchase. Another $748.6 million remains available under the digital credit securities repurchase program.

What Is STRC Preferred Stock?

STRC preferred stock is the Variable Rate Series A Perpetual Stretch Preferred Stock, listed on Nasdaq, per the 8-K cover page. 

The STRC variable rate preferred is one of four preferred series the company lists.

Ina credit metrics post, Saylor said USD Duration is 3.3 years. The credit spread (STRC) tightened to 59 bps, down 1 bp, assuming 10% BTC ARR, 40% $BTC volatility and $BTC at $76,700.

Is Strategy Still Buying Bitcoin?

Yes. The Saylor bitcoin purchase this week used MSTR stock, as no preferred stock was sold. 

Under the Strategy ATM program, 1,178,552 MSTR shares raised $164.0 million net, with $65.5 million buying bitcoin and $98.5 million going to USD Cash.

Readers following MSTR news today bitcoin buy updates should check the cash buffers too. 

The Strategy USD reserve $4.79 billion supports dividends and interest, and it paid $43.4 million of dividends in the period.

USD balance (Nov 1)

Amount

USD Reserve

$4.79 billion

USD Cash

$132.7 million

$BTC Price Today: What Does CoinGecko Show?

Data from CoinGecko, as of November 3, 2026:

Metric

Value

Price

$77,114.82

24h change

-1.9%

24h range

$76,591.88 to $78,732.57

Market cap

$1.549T

By simple calculation, BTC trades about 2.2% above the average cost. For crypto news readers, the filing makes no reference to the 24-hour move.

Expert View: What Could This Mean?

Analysts tracking MSTR stock may read the Michael Saylor $BTC buy as a capital allocation story first, since the buyback was larger than the bitcoin spend. 

The Strategy bitcoin purchase was small, so the buyback may carry the bigger signal.

The filing states no motive, so the reasoning stays open. $BTC sitting only slightly above average cost could shape how the next weekly update is read. Price impact, if any, stays uncertain.

Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets are volatile, and you can lose money. Verify details with official sources before making any decision.