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Strategy spent $208M on preferred-share buybacks, outpacing its $65.5M Bitcoin purchase last week.

Market News
02 Nov 2026, 18:42 WIB
Tokenpost
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Neutral
Strategy spent $208M on preferred-share buybacks, outpacing its $65.5M Bitcoin purchase last week.

Strategy allocated $208.2 million to repurchasing its preferred shares last week, significantly more than the $65.5 million it spent buying 811 Bitcoin at an average price of $80,846 each. The company raised $164 million by selling about 1.18 million MSTR shares, using $65.5 million for Bitcoin purchases and $98.5 million in cash reserves. As of the latest report, it holds $132.7 million in USD cash and a $4.79 billion U.S. dollar reserve. From October 1 to 25, Strategy spent roughly $664 million on share buybacks compared to $72 million on Bitcoin, highlighting a stronger focus on repurchasing shares over crypto acquisition.

The story about Strategy's significant buybacks and Bitcoin purchases is provided here with Pluang's market snapshot for context. As of Nov 02, 2026 23:03 WIB, out of 50 major cryptocurrencies tradable on Pluang, 5 rose and 44 fell. Notable movers include LINK at Rp202.815 with a -4.29% change and 80% sell order activity, ONE at Rp20 with a -4.19% change and 58% buy order activity, and SAND at Rp813 with a -4.02% change and 89% buy order activity.

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