Strategy Inc’s ATM update on November 2, 2026, reported $164.0 million in net proceeds from common stock sales, with $65.5 million funding bitcoin purchases and $98.5 million allocated to USD Cash. During the reporting period, from October 26 through November 1, 2026, the company also spent $208.2 million repurchasing STRC preferred shares and used $43.4 million from its USD Reserve for preferred dividends.
Key takeaways
Strategy sold common shares but no preferred shares through its ATM program.
The company acquired 811 bitcoins, bringing holdings to 849,327 BTC.
STRC repurchases were funded with USD Cash, while preferred dividends drew on the USD Reserve.
Strategy Inc’s ATM update details common stock sales
Strategy sold 1,178,552 shares of MSTR Class A Common Stock through its at-the-market offering program during the reporting period. The $164.0 million in proceeds was net of sales commissions, according to the company’s filing.
No preferred shares were sold under the program. That covered STRF Stock, STRC Stock, STRK Stock and STRD Stock. Among the disclosed common share sales were transactions that had not yet settled by October 30, 2026.
As of November 1, 2026, available issuance and sale capacity stood at $18,621.4 million for MSTR Stock. Preferred stock capacity was $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.
Stock proceeds fund 811 bitcoin purchases
Strategy used $65.5 million of the common stock proceeds to acquire 811 bitcoins at an average price of $80,846 per bitcoin . The company’s reported purchase costs include fees and expenses.
As of November 1, 2026, total holdings reached 849,327 bitcoins , with an aggregate purchase cost of $64.08 billion. That figure represents the amount paid for the holdings, rather than their current market value.
The ATM update from Strategy Inc allocated the remaining $98.5 million in common stock proceeds to USD Cash.
STRC repurchases total $208.2 million
Strategy repurchased 2,092,035 STRC shares for a total of $208.2 million during the reporting period, using USD Cash. It reported no repurchases of STRF, STRK, STRD or MSTR shares during that period.
Following those transactions, $748.6 million remained available under the preferred stock repurchase program. A separate MSTR Stock repurchase program retained $1.0 billion in capacity.
USD Reserve pays dividends as cash funds buybacks
Strategy drew $43.4 million from its USD Reserve to pay preferred stock dividends between October 26 and November 1, 2026. At the end of the period, the reserve balance was $4.79 billion, while USD Cash stood at $132.7 million.
The company distinguishes the two pools within its capital framework. The USD Reserve is intended to support preferred dividends and interest on outstanding debt. Management maintains USD Cash for broader Bitcoin Treasury Company purposes, including bitcoin acquisitions, additions to the reserve and other capital management uses.
Public dashboard supports financial disclosures
Strategy maintains a public website dashboard as a channel for broad distribution of financial and bitcoin information. Its disclosures include securities market prices, bitcoin purchases and holdings, selected performance metrics and supplemental information.
The filing identifies the dashboard as one means of meeting disclosure obligations under Regulation FD . The November 2, 2026, report was signed by Thomas C. Chow, Strategy’s Executive Vice President & General Counsel.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
