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Strategy's stock drops 21.6% amid Bitcoin buy funded by share sales and preferred share repurchase.

Market News
09 Nov 2026, 10:58 WIB
Tokenpost
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Bearish
Strategy's stock drops 21.6% amid Bitcoin buy funded by share sales and preferred share repurchase.

Strategy's common stock fell 21.6% from Oct. 6 to Nov. 6, coinciding with its Bitcoin buying program funded by selling 1.18 million shares, raising $164 million. The company spent $65.5 million to acquire 811 BTC at an average price of $80,846 each, increasing its Bitcoin holdings to 849,327 BTC. Additionally, Strategy used $208.2 million from cash reserves to repurchase over 2 million preferred shares, aiming to maintain their trading range near $100. This activity highlights how Strategy finances Bitcoin purchases through equity sales and manages preferred shares to support its treasury strategy.

Strategy's recent stock and Bitcoin activity is context for readers following cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 09, 2026 16:01 WIB: of 50 priced major cryptocurrencies, 6 rose and 43 fell today. XRP was priced at Rp19.874 with a 1-day change of -5.56%, ETH at Rp38.399.211 with -5.02%, and ALGO at Rp1.637 with -4.94%. Typical hold times ranged from 73 to 131 days, with varied Pluang order activity percentages.

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