From 24/7 Wall St. · Sam Daodu · · 2m
Strategy Spent More on Shares Than Bitcoin Last Week
Strategy repurchased $188.3m of preferred stock instead of Bitcoin after spending $81.9m on crypto.
In brief
Strategy repurchased $188.3m of preferred stock instead of Bitcoin after spending $81.9m on crypto. Strategy Inc. spent $188.3 million repurchasing preferred stock instead of Bitcoin last week, with its average Bitcoin purchase price at $75,456. Originally reported by 24/7 Wall St..
Quick answers
- Why Buy Back Stock Instead?
- Strategy's buybacks help steady STRC price and cut dividend obligations, while Bitcoin trades below Strategy's average purchase price of $75,456.
- What is the key takeaway from Strategy Spent More on Shares Than Bitcoin Last Week?
- Strategy Inc. spent $188.3 million repurchasing preferred stock instead of Bitcoin last week, with its average Bitcoin purchase price at $75,456.
Strategy's Stock Buyback Details
Strategy Inc. spent $188.3 million repurchasing preferred stock from November 2 to 8, 2026, more than double its $81.9 million Bitcoin investment.
Bitcoin Purchase Details
Strategy bought 1,036 BTC at an average of $79,012 per coin, with Bitcoin trading at $75,034 and down 1.2% over 24 hours.
Preferred Stock STRC
STRC is a perpetual preferred stock with a $100 stated value, paying a 12% annual dividend that Strategy switched to daily payments on November 1.
STRC Trading Performance
STRC trades just below $100 and has gained 1.1% over the past month, with Strategy cutting its dividend obligation through buybacks.
Dividend and Buyback Strategy
Strategy can lower its dividend rate by no more than 25 basis points monthly, using buybacks to push STRC toward $100 to reopen preferred stock funding for Bitcoin.
Bitcoin Holdings and Losses
Strategy holds 850,364 BTC worth $64.16 billion, with an unrealized loss of around $1 billion on Bitcoin as of November 8.
MSCI Index Risk
Strategy could be dropped from the MSCI index starting November 30 if the November 11 decision is made, risking its ability to raise funds for Bitcoin purchases.
Bitcoin Price Impact
Strategy's buybacks only benefit Bitcoin holders if it reopens preferred stock funding, which requires STRC to hold $100 after the MSCI decision.
Current Financial Position
Strategy has $4.77 billion in reserves and $146.2 million in cash, with $21.1 million paid in preferred dividends from the reserve.
Why Buy Back Stock Instead?
Strategy's buybacks help steady STRC price and cut dividend obligations, while Bitcoin trades below Strategy's average purchase price of $75,456.
The bottom line
Strategy Inc. spent $188.3 million repurchasing preferred stock instead of Bitcoin last week, with its average Bitcoin purchase price at $75,456.
