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Strategy buys $82M in Bitcoin but spends $188M repurchasing its own preferred stock.

Market News
09 Nov 2026, 16:47 WIB
Coinpaper
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Neutral
Strategy buys $82M in Bitcoin but spends $188M repurchasing its own preferred stock.

Strategy purchased 1,036 Bitcoin for $81.9 million last week, increasing its total holdings to 850,364 BTC. However, it spent more than twice that amount, $188.3 million, repurchasing 1.89 million shares of its STRC preferred stock, funded by selling 2 million MSTR common shares. This move shows the company's capital strategy now balances Bitcoin accumulation with preferred stock buybacks to manage dividends and market price. Strategy's Bitcoin purchases continue despite raising its average cost, while preferred stock repurchases reduce future dividend obligations and support share value.

Strategy's recent financial moves provide context for cryptocurrency market activity on Pluang. As of Nov 09, 2026 21:02 WIB, 19 of 50 major cryptocurrencies rose while 29 fell. Notable price changes include Ethereum at Rp38.308.227, down 5.23%, Zilliqa up 4.52% at Rp31, and Basic Attention Token up 4.07% at Rp2.291, with varying typical hold times and order activity percentages.

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