Strategy adds 811 Bitcoin and buys back $208 million in preferred shares
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Strategy bought bitcoin at an average $80,846, taking the stack to 849,327 BTC, while selling 1.18 million common shares to fund a $208 million preferred buyback. Equity holders are absorbing dilution to shrink the preferred stack.
STRATEGY ($MSTR ) BUYS 811 BITCOIN, REPURCHASES $208 MILLION IN PREFERRED SHARES Strategy acquired 811 BTC for $65.5 million at an average price of $80,846 per Bitcoin, bringing total holdings to 849,327 BTC. The company also sold 1.18 million MSTR shares, raising $164 million,
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Strategy added 811 Bitcoin, pushing its total holdings to 849,327 BTC.
The company sold common shares to fund the $208 million preferred share repurchase, so existing equity holders are absorbing dilution to trim the preferred stack.
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Shrinking the preferred share count reduces future dividend obligations and improves the capital structure for common shareholders over time, even as each individual share gets diluted in the near term.
The purchase continues a pattern of buying Bitcoin below six figures, locking in a cost basis that will look either prescient or costly depending on where the asset trades from here. A position this size shapes how the market reads institutional Bitcoin demand.
Mentioned: MSTR