MicroStrategy adds 1,036 Bitcoin and repurchases $188 million of STRC preferred shares
MicroStrategy (MSTR) bought 1,036 BTC for $81.9 million, raising its treasury to 850,364 BTC. The purchase and a $188.3 million buyback of its perpetual preferred stock (STRC) were funded by selling 2,051,348 common shares for $283.8 million in net proceeds. The company kept $13.6 million of the proceeds in cash and noted that Bitcoin was trading near $74,800, below its average acquisition price of $75,456 per coin.
Why it matters
The filing shows that MicroStrategy still has $560.3 million of authorized STRC buyback capacity and $18.34 billion of ATM financing available, giving it flexibility to fund future purchases or dividends (the filing states these amounts). However, with Bitcoin trading below the company’s average cost, the new BTC purchase adds to an underwater position, which could affect investor sentiment and the stock’s price volatility.
Key facts
- 1MicroStrategy purchased 1,036 BTC for $81.9 million, bringing total holdings to 850,364 BTC. crypto.news
- 2The company repurchased $188.3 million of STRC preferred shares, buying back 1,887,464 shares. crypto.news
- 3Funding came from selling 2,051,348 MSTR common shares for approximately $283.8 million in net proceeds. crypto.news
- 4The average price of the 1,036 BTC purchase was $79,012 per coin, including fees. crypto.news
- 5Bitcoin was trading near $74,800 at the time of the announcement, below the company’s average acquisition price of $75,456 per BTC. crypto.news
- 6MicroStrategy retained $560.3 million of authorized STRC buyback capacity and $18.34 billion of ATM financing remaining as of Nov. 8, 2026. crypto.news
Summary written by AlphAI AI Desk from 20 of 24 sources. Not investment advice. Figures are as stated by the linked sources.