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Largest Bitcoin holder spends $208M on preferred stock buybacks, triple Bitcoin purchase amount

Market News
02 Nov 2026, 15:06 WIB
Crypto Briefing
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Largest Bitcoin holder spends $208M on preferred stock buybacks, triple Bitcoin purchase amount

The largest corporate Bitcoin holder added 811 BTC to its treasury, spending $65.5 million, while repurchasing $208.2 million of its preferred shares—over three times the Bitcoin purchase amount. This shift highlights a growing focus on managing preferred stock liquidity alongside Bitcoin accumulation. The company’s Bitcoin holdings stand at 848,517 BTC with an average cost of $75,446 per coin. Prioritizing preferred stock buybacks may stabilize that market segment but reduces capital available for Bitcoin purchases.

The strategy's recent Bitcoin purchase and preferred share repurchase provide context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 02, 2026 19:42 WIB: out of 50 priced major cryptocurrencies tradable on Pluang, 7 rose and 42 fell today. Notable movers include EGLD at Rp60.408 with a 1-day change of -3.71% and Pluang order activity showing 95% Sell / 5% Buy, THETA at Rp2.786 with a 1-day change of -3.70%, and SNX at Rp3.230 with a 1-day change of -3.32%.

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