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Strategy buys 1,036 Bitcoin for $81.9M, spends $188.3M on preferred share buybacks in one week

Market News
10 Nov 2026, 11:35 WIB
Blockonomi
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Neutral
Strategy buys 1,036 Bitcoin for $81.9M, spends $188.3M on preferred share buybacks in one week

Strategy bought 1,036 Bitcoin for $81.9 million last week, marking its second consecutive weekly Bitcoin purchase. It also spent $188.3 million repurchasing its Stretch preferred shares, with total buybacks since October reaching about $1.06 billion, nearly five times the $219.7 million spent on Bitcoin. The company funded these moves by selling 2.05 million common shares, raising $283.8 million. Strategy now holds 850,364 Bitcoin, about 4.05% of Bitcoin's maximum supply, while its common stock fell about 3% in premarket trading following the announcement.

The strategy's large buybacks of preferred stock provide context for readers. For those following major cryptocurrencies on Pluang as of Nov 10, 2026 16:21 WIB, 37 out of 50 cryptocurrencies rose today. Notable movers include AVAX at Rp152.036 with a 4.88% increase and AAVE at Rp2.261.515 with a 4.48% decrease in price.

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