In the week ending November 8, 2026, MicroStrategy spent $188.3 million repurchasing its preferred stock, STRC, more than double the $81.9 million it invested in Bitcoin. The preferred stock pays a 12% dividend and trades just below its $100 face value, making buybacks a strategy to reduce dividend costs and stabilize the stock price. Despite buying 1,036 BTC, MicroStrategy's Bitcoin holdings remain underwater due to current prices below its average purchase cost. With an MSCI decision looming that could remove MicroStrategy from an index, the company prioritizes strengthening its balance sheet through preferred stock buybacks over expanding its Bitcoin holdings for now.
MicroStrategy's preferred stock buybacks come as its common shares trade at USD 125.28 on Pluang, down 2.83% in the last day. The stock's market cap stands at $54.57 billion with a strong buy interest of 82% among Pluang users as of Nov 10, 2026 01:02 WIB.
