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Strategy released data for the week from November 2 to 8, 2026, detailing the use of proceeds from the sale of MSTR common shares. During this period, the company generated total net proceeds of $283.8 million by selling a total of 2,051,348 shares. These funds were not used through the at-the-market (ATM) issuance program for STRC preferred shares but were allocated to specific market operations.
Why it matters
The move highlights Strategy’s capitalization strategy, which continues to balance cryptocurrency purchases with the management of its equity capital. The repurchase of STRC preferred shares occurred concurrently with reaching a historic intraday high of $100 on November 4. The company reaffirmed its policy, announced on July 27, not to issue new STRC shares at a price below the $100 threshold, indicating active management of the float and investor value perception.
The numbers
Of the total proceeds, $188.3 million was allocated to the repurchase of STRC preferred shares, with the purchase of 1,887,464 shares. Another $81.9 million was used to buy 1,036 Bitcoin at an average price of $79,012 per unit, including costs and fees. A residual amount of $13.6 million was set aside as USD Cash. As of November 8, the cash balance amounted to $146.2 million, while the separate reserve for dividends and interest stood at $4.77 billion. During the week, $21.1 million was withdrawn from the reserve to pay preferred dividends.
What remains unclear
Although official data confirm the absence of STRC ATM issuances during the specified period, an unconfirmed tracker cited by CryptoSlate on November 5 estimated that an issuance could fund 191 BTC. This discrepancy between market estimates and official disclosure remains an open point. Additionally, Block Media reported the recovery of the $100 threshold for STRC, but it has not been possible to confirm whether this rise is due to specific demand from external investors or other market factors.
Sources: CryptoSlate, Block Media.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.