The Strategy Inc ATM update on November 9, 2026, disclosed $283.8 million in net proceeds from common-stock sales, with more funding directed to STRC preferred-share repurchases than to bitcoin purchases. The filing covers activity from November 2 through November 8, 2026, when Strategy sold 2,051,348 MSTR shares.
Key takeaways
Strategy allocated $188.3 million of stock-sale proceeds to STRC buybacks.
Bitcoin purchases totaled 1,036 BTC, funded with $81.9 million.
The USD Reserve stood at $4.77 billion on November 8, 2026.
Strategy Inc ATM update details proceeds allocation
Strategy split the proceeds from its at-the-market offering program among preferred-share repurchases, bitcoin purchases and USD Cash. Of the total raised, $188.3 million funded STRC repurchases , $81.9 million funded bitcoin purchases and $13.6 million went to USD Cash.
The 2,051,348 MSTR shares sold were Class A common stock. The reported proceeds are net of sales commissions, and the share count includes sales that had not settled as of November 6, 2026.
No sales were reported for STRF, STRC, STRK or STRD stock during the period. As of November 8, 2026, available issuance and sale capacity was $18,337.3 million for MSTR, $1,619.3 million for STRF, $17,510.8 million for STRC, $2,100.0 million for STRK and $4,014.8 million for STRD.
Bitcoin holdings reach 850,364 BTC
Strategy held 850,364 bitcoins as of November 8, 2026, following its purchase of 1,036 BTC during the reporting period. Those purchases cost $81.9 million, at an average of $79,012 per bitcoin .
The filing lists the total acquisition cost of Strategy’s bitcoin holdings at $64.16 billion and the average purchase price at $75,456 per BTC . Both the aggregate and average purchase prices include fees and expenses.
Repurchase capacity and liquidity reserves
Strategy repurchased 1,887,464 STRC shares for $188.3 million during the period. STRC is its Variable Rate Series A Perpetual Stretch Preferred Stock; the filing reports no repurchases of STRF, STRK, STRD or MSTR shares.
Remaining capacity under the digital credit securities repurchase program totaled $560.3 million for preferred stock. A separate MSTR repurchase program had $1.0 billion available.
Strategy also used $21.1 million from its USD Reserve to pay preferred-stock dividends from November 2 through November 8, 2026. At the end of that period, the reserve held $4.77 billion, while USD Cash totaled $146.2 million.
The two balances serve different purposes under Strategy’s capital framework. The USD Reserve supports preferred-stock dividends and interest on outstanding debt. Management maintains USD Cash for broader Bitcoin Treasury Company purposes, including bitcoin acquisitions, additions to the reserve and capital management.
Public dashboard serves as a disclosure channel
Strategy maintains a public website dashboard as one channel for disclosures under Regulation FD . It provides information on the market prices of outstanding securities, bitcoin purchases and holdings, key performance indicators and supplemental information.
Strategy Inc’s ATM update appears in a report signed on November 9, 2026, by Thomas C. Chow, Executive Vice President & General Counsel.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
