Strategy’s STRC hit $100, but common stock still funded last week’s Bitcoin purchases

Strategy funded its Bitcoin purchases with common-stock sales during November 2–8, even as STRC, its variable-rate preferred stock, reached $100. Strategy had said it would not issue STRC below that price, but its November 9 disclosure reported no STRC sales under its at-the-market offering program.The allocation shows where the week’s financing went. Of $283.8 million in net proceeds from MSTR common shares, $188.3 million funded STRC repurchases, $81.9 million funded Bitcoin purchases and $13.6 million went to USD Cash, according to the weekly financing update.That put about two-thirds of the new common-stock money into buying back preferred shares. Less than a third went into Bitcoin. STRC’s market-price recovery had yet to become reported STRC ATM financing within that week.Where Strategy’s common-stock proceeds went During November 2–8, 2026, MSTR sales generated $283.8 million. STRC buybacks received $188.3 million or 66.3 percent, Bitcoin received $81.9 million or 28.9 percent, and USD Cash received $13.6 million or 4.8 percent. Buybacks were 2.3 times Bitcoin spending. REPORTED NOV. 9 · WEEK OF NOV. 2–8, 2026 MSTR common-stock proceeds $283.8M 2,051,348 common shares sold A...