Strategy Resumes Bitcoin (BTC) Buying With 811 Coins for $65.5M

811 Coins, $208 Million of Buybacks

Strategy (MicroStrategy) (MSTR) went back on the bid for Bitcoin ($BTC) last week, buying 811 coins for $65.5 million between Oct. 26 and Nov. 1, resuming purchases after a one-week pause. The Bitcoin treasury company spent more than three times that amount in the same week, directing $208.2 million into repurchases of its STRC preferred stock. Both figures come from an 8-K filing lodged with the U.S. Securities and Exchange Commission (SEC) on Monday. The Bitcoin ($BTC) price hovered near $78,000 as the disclosure landed, close to the average of $80,846 per coin Strategy paid, fees and charges included. Funding came from an at-the-market equity program: 1,178,552 MSTR common shares were sold for $164 million in net proceeds, of which $65.5 million went into Bitcoin ($BTC) and $98.5 million was parked in the company's USD Cash account.

849,327 Coins and Saylor's Monday Post

Total holdings now stand at 849,327 $BTC, accumulated for $64.08 billion at an average cost of $75,451 per coin, according to the company's investor-relations disclosure. That stash crosses 4% of Bitcoin's capped supply, and the firm's long-term HODL stance is unchanged. Executive chairman Michael Saylor announced the buy on X on Monday, writing that the company had “found room for even more orange” and confirming roughly $4.9 billion in dollar assets alongside the coins. He also noted the modelled Bitcoin credit spread on STRC narrowing from 60 bp to 59 bp, calculated on assumptions of 10% annual Bitcoin returns and 40% volatility. Under the at-the-market plan, about $18.62 billion of MSTR issuance capacity remains, and no new preferred shares were sold last week.

Levels Around $78,000

COINOTAG's composite scoring of support and resistance levels puts the strongest floor at $75,046, rated 89 out of 100, with the nearest resistance at $78,929 scored 80. Bitcoin ($BTC) last changed hands at $77,932, flat over 24 hours and about $790 above the $77,140 realized-price line our desk mapped last week. Inside that picture sits a downtrend with a 37.1 RSI reading, while the perpetual funding rate holds at 0.0064% and open interest near $16.1 billion, positioning that reads calm rather than stressed. MSTR stock last traded at $132.84, down 1.37% on the day. Read against those numbers, the week's arithmetic stands out: Strategy's $80,846 entry was above spot, and the three-to-one tilt toward preferred-share repurchases keeps capital defense ahead of fresh coin accumulation for now.

$748.6 Million Left in the Plan

The buyback plan has been the heavier claim on cash for weeks. The board lifted its cap from $2 billion to $3 billion on Oct. 19, when $1.16 billion remained available, and after outlays of $204.9 million one week and $208.2 million the next, only $748.6 million is left. STRC was repurchased at roughly $99.5 a share, just under the $100 target below which the company will not issue new shares, a policy that shuts that funding channel while the stock trades under par. Last week's pause in coin buying was the first since mid-September; the week before it, Strategy bought 267 coins for $22.1 million. A peer ran the same defensive play: Japan's Metaplanet spent about 25.27 billion yen ($160 million) between Oct. 14 and Oct. 31 repurchasing 96.45 million of its own shares, roughly 7.1% of issued shares, days after lifting its Bitcoin purchase budget.

Daily Dividends and an Index Deadline

STRC also begins paying dividends daily this month. Shareholders approved amendments to the terms of all four preferred shares, STRF, STRC, STRK and STRD, at an Oct. 28 special meeting, with 381,373,199 votes in favor and 2,236,551 against, according to the shareholder-vote filing. The 12% annual rate is unchanged, the first daily record date fell on Nov. 1, and $43.4 million in preferred dividends came out of the USD Reserve last week, leaving it at $4.79 billion. Third-quarter net profit reached $19.5 billion, up from $2.79 billion a year earlier, driven by $20.9 billion in Bitcoin-related gains. Mizuho kept its Outperform rating and $165 target on MSTR after the earnings call, noting net leverage down to 2.4% from 8.4%, while analyst Dan Dolev flagged a 3.7% year-to-date decline in Bitcoin per share. MSCI publishes its list of single-asset companies facing possible index removal on Nov. 11, a date that formally puts Strategy's index standing under review.