Strategy Adds 811 BTC to Reach 849,327; Strive Buys 124 BTC
Strategy bought 811 bitcoin for about $65.5 million in the week of October 26 to November 1, filing an 8-K on Monday, and Strive added 124 BTC the prior week. The two purchases bring Strategy's holdings to 849,327 BTC, with Strive at 43,124 BTC.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Strategy's Latest Purchase and Funding
Strategy bought 811 bitcoin for about $65.5 million at an average of $80,846 per coin between October 26 and November 1, according to its 8-K filing on Monday. Total holdings now stand at 849,327 BTC, acquired for roughly $64.1 billion at an average cost of $75,451. The purchase was funded differently from recent buys: Strategy sold about 1.18 million shares of MSTR common stock for roughly $164 million, put $65.5 million into bitcoin, and held the remaining $98.5 million in USD cash. The same period included roughly $208 million spent repurchasing about 2.1 million shares of its STRC preferred stock.
The filing shows a shift in the company's funding approach. Strategy relied heavily on preferred issuance for most of the year, and the STRC buyback suggests it is also reshaping its preferred stack while continuing to accumulate coins. Saylor previewed the purchase on Sunday with a tracker chart and the line "We found room for even more orange."
Strive Continues Its Accumulation
Strive, run by Matt Cole, added 124 BTC between October 24 and 30 at about $80,526 per coin, lifting its holdings to 43,124 BTC. That was a much smaller buy than the prior week, when it added more than 6,000 coins. Cole has said the firm buys "hand over fist" during price dips and has described its perpetual preferred equity model as a way to avoid forced selling. Strive's cash position fell about $14 million to $490 million over the same stretch, and it still holds 505,000 shares of Strategy's STRC.
The two firms' combined weekly buys were reported as 934 or 935 BTC, depending on the source and the reporting window. Bitcoin Magazine put the figure at 935 coins, while a widely shared tally cited 934 BTC worth $72.6 million, with Strategy at 810 BTC and Strive at 124 BTC. The gap reflects a one-coin difference in Strategy's count and the different time windows used.
Earnings, Governance and Leadership
Strategy reported third-quarter net income of $19.5 billion, up from $2.79 billion a year earlier, driven by a $20.9 billion operating gain tied to the bitcoin price rise during the quarter. That gain is an unrealized fair-value accounting item rather than cash. Saylor described it as the start of the next bitcoin bull market and noted bitcoin trading about 21% above its 200-week moving average. The same release said CFO Andrew Kang will step down on November 5, with COO Reza Virasteh taking over the role in January.
Shareholders approved a proposal allowing four preferred stocks, STRF, STRC, STRK and STRD, to accrue dividends daily, including weekends and holidays, with 99.3% of votes cast in favor. The company said the change is meant to improve liquidity, reduce reinvestment delays and increase price stability, with dividend rates and total obligations unchanged. Board approval and regulatory filings are still required, with implementation expected from November 2026 for STRC and January 2027 for the others.
Market Backdrop: Binance Breach and Price Moves
The largest crypto story of the week was a security incident at Binance. The exchange now estimates a $6.3 billion breach on October 29 that began with a compromised DevOps laptop. Chainalysis and TRM Labs have linked the attack to North Korea's TraderTraitor group, and Binance says the drain took about 20 minutes. The exchange states it has frozen roughly $3 billion of the stolen funds and will cover losses from its SAFU fund and company reserves.
Bitcoin fell toward $76,000 after the news and declined about 3.6% over the week, before recovering to near $78,000 at the time of reporting. Strategy's MSTR stock fell about 9% over the week and closed Friday at $130.51, with roughly $18.6 billion of MSTR still available under its at-the-market program. Strive's shares fell around 20% over the same period.
Why It Matters
For Traders
MSTR's available ATM capacity and STRC's buyback point to continued buying pressure, but MSTR's recent 9% weekly drop shows price has not tracked purchases closely.
For Investors
Strategy is shifting from preferred-funded buying toward common equity sales and preferred restructuring, which changes how its bitcoin exposure is financed over the next several quarters.
For Builders
Daily dividend accrual on preferred stock and the Binance breach both highlight operational and custody risk, so teams building treasury or exchange infrastructure should review controls and payment logic.
This article is for information only and is not financial advice. Read the full disclaimer.
