Quick answer: In its latest Strategy bitcoin purchase, the company bought 811 BTC for $65.5 million between Oct. 26 and Nov. 1, 2026, at an average of $80,846, per its Nov. 2 Form 8-K. It now holds 849,327 BTC at a $75,451 average cost, while bitcoin traded near $77,027 on Nov. 3.
The newest Strategy bitcoin purchase was its biggest in five weeks. The company bought 811 BTC for $65.5 million between Oct. 26 and Nov. 1, 2026, according to a Form 8-K filed on Nov. 2.
However, the timing is awkward. Strategy paid an average of $80,846 per coin, yet bitcoin traded at about $77,027 at 00:52 UTC on Nov. 3, per CoinGecko. That leaves the whole stack only about 2.1% above its $75,451 average cost.
What was in this Strategy bitcoin purchase?
The filing shows 811 BTC bought with proceeds from at-the-market (ATM) sales of MSTR common stock. Strategy sold 1,178,552 MSTR shares for about $164 million in the period. It used $65.5 million for bitcoin and moved $98.5 million into its U.S. dollar cash reserve, The Block reported.
As a result, total holdings now stand at 849,327 BTC. The company says it paid about $64.08 billion for them, or $75,451 per coin including fees. That is just over 4% of bitcoin’s 21 million supply cap.
The buy followed a week with no new purchase. Before that, Strategy reported 267 BTC on Oct. 19 and 250 BTC on Oct. 12, which we covered in Strategy Buys 250 BTC for $21.5M.
Why does the $75,451 cost basis matter?
Bitcoin just closed what looked like its worst October since 2014. At $77,027, Strategy’s holdings were worth about $65.4 billion, roughly $1.34 billion above cost. A further drop of about 2% would push the whole position under water on paper.
Of course, a paper loss does not force any sale. Still, the cost basis is a level many traders watch, because it shapes how investors value MSTR shares. Strategy’s own Bitcoin Ledger also shows a BTC Yield of minus 3.9% for the year to date. That metric tracks bitcoin held per diluted share, so a negative figure means share issuance has outpaced coin buying in 2026.
Has Strategy sold bitcoin before?
Yes. The ledger lists net sales in four reports between June 30 and Aug. 10, 2026, totaling 6,916 BTC. After that, buying resumed with 4,603 BTC reported on Aug. 31. Since then, every report has been a net purchase, but the weekly amounts have mostly been small.
What is the $208 million STRC buyback?
Alongside the bitcoin buy, Strategy repurchased about 2.09 million shares of its STRC preferred stock for $208.2 million, the filing shows. STRC is the variable-rate preferred share that moved to daily dividends this month.
In other words, buying back preferred stock trims future dividend bills. At the same time, it means cash that could have bought bitcoin went to the capital stack instead. In October we found Strategy spent far more on its own stock than on bitcoin, and this week’s mix points the same way.
What does this mean for the bitcoin market?
A $65.5 million buy is small next to daily spot volume. It is also small next to U.S. spot bitcoin ETF flows, which showed a net outflow of $643.2 million on Oct. 30 on our Bitcoin ETF flows tracker.
For that reason, the bigger signal is pace. Strategy still has about $18.62 billion of MSTR shares left to sell under its ATM program, per The Block. If MSTR trades weakly while bitcoin hovers near the cost basis, raising fresh money gets harder. Watch three things:
- The next Monday 8-K, due Nov. 9, 2026, for buy size and funding source.
- Whether bitcoin holds above $75,451 on the live bitcoin price page.
- Further STRC or other preferred buybacks, which compete with bitcoin for cash.
Strategy Bitcoin Purchase FAQ
How much bitcoin does Strategy own now?
Strategy owned 849,327 BTC as of Nov. 1, 2026, per its Nov. 2 Form 8-K. It paid about $64.08 billion in total, or $75,451 per bitcoin including fees.
What price did Strategy pay for its latest bitcoin?
Strategy paid an average of $80,846 per bitcoin for the 811 BTC it bought between Oct. 26 and Nov. 1, 2026. The total cost was about $65.5 million, funded by MSTR stock sales.
Is Strategy’s bitcoin at a loss?
Not yet. At about $77,027 on Nov. 3, 2026 (CoinGecko), the holdings sat roughly 2.1% above the $75,451 average cost, a paper gain of about $1.34 billion.
Why did Strategy buy back STRC shares?
The filing reports a $208.2 million repurchase of about 2.09 million STRC preferred shares but gives no single reason. Buybacks reduce the preferred dividends Strategy must pay going forward.
Not financial advice. Crypto assets are volatile. Always do your own research (DYOR) before making investment decisions.
