Strategy buys 1,037 Bitcoin, total holdings reach 850,364 BTC
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Strategy's growing Bitcoin holdings highlight its aggressive investment strategy, impacting shareholder value and market dynamics significantly.
strategy-bitcoin
The latest purchase follows an 811 BTC buy the week before and pushes the company past the 850,000 coin mark
Mon 9 Nov 2026 · 08:05 EST · 3 min read
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Strategy has added another 1,037 Bitcoin to its balance sheet. The company now holds 850,364 BTC.
The new tranche also carries the firm past 850,000 coins.
The math behind the latest buy
Before this purchase, Strategy reported holding 849,327 BTC. Adding 1,037 coins gets you to 850,364.
That earlier total came from the previous disclosed buy. According to the company’s SEC filings, Strategy picked up 811 BTC for about $65.5 million between October 26 and November 1, 2026.
The average price on that prior tranche was roughly $80,846 per Bitcoin. So the newest purchase is 226 coins larger than the one before it.
Zoom out to the full position and the numbers get large quickly. Based on the 849,327 BTC figure, Strategy’s average acquisition cost sits at about $75,451 per coin.
That puts its total cost basis at roughly $64.08 billion.
One detail worth noticing: the prior week’s average purchase price of roughly $80,846 sat above the company’s blended average of about $75,451. When you keep buying above your average, your average creeps upward.
Measured against supply, the holdings are equally striking. Bitcoin’s supply is capped at 21 million coins, and the 849,327 BTC position already represented approximately 4% of that cap.
Where the money comes from
Strategy does not fund these purchases out of a cookie jar. Its main tool is the at-the-market offering, or ATM.
In the period covering the 811 BTC buy, Strategy sold 1,178,552 shares of Class A common stock through its ATM program. Those sales brought in about $164 million in net proceeds.
Not all of that cash went straight into Bitcoin. During the same window, Strategy also spent $208.2 million repurchasing its STRC preferred stock.
The company reports holding about $4.9 billion in USD reserves.
A familiar playbook
Strategy, formerly known as MicroStrategy, remains the largest publicly traded corporate holder of Bitcoin. The company has executed dozens of Bitcoin purchases in 2026 alone, adding tens of thousands of coins over the course of the year.
Executive Chairman Michael Saylor is the public face of that cadence. He regularly posts updates about holdings and market moves on social media and investor channels.
What investors should watch
For Strategy shareholders, the central trade-off has not changed. Every ATM sale adds new shares, which dilutes existing holders. The bet is that the Bitcoin bought with that money is worth more to the company over time than the ownership given up to raise it.
When the coins being bought cost more than the company’s historical average, as the prior week’s purchase did, the margin for error narrows. Watching how the blended cost basis moves from one filing to the next is a simple way to track that pressure.
The capital structure deserves attention too. The $208.2 million STRC repurchase shows Strategy is actively managing its preferred stock, not just issuing common equity.
The $4.9 billion reserve lowers that risk, but it does not remove it.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
