CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

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

CryptoSlate logo

Published on

Add as a preferred source on Google
Strategy’s STRC hit $100, but common stock still funded last week’s Bitcoin purchases

The November 2–8 filing reports no STRC ATM sales, while buybacks absorbed two-thirds of the week’s MSTR proceeds.

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.

Strategy’s November 2–8 MSTR proceeds went mostly to repurchasing preferred shares. No STRC ATM sales were reported for the week.

Covers November 2–8, 2026 only. Allocation is not a return forecast or a conclusion about later STRC issuance. USD Cash allocation is a flow, not the cash balance; future dividend savings depend on rates and declarations.

Reported net proceeds and allocations in USD millions: 188.3+81.9+13.6=283.8. Band widths use allocation/283.8: 66.34954%, 28.85835%, 4.79211%; labels rounded to one decimal. Buyback/Bitcoin ratio 188.3/81.9=2.29915, rounded to 2.3. Repurchased share count is reported.

Covers November 2–8, 2026 only. Allocation is not a return forecast or a conclusion about later STRC issuance. USD Cash allocation is a flow, not the cash balance; future dividend savings depend on rates and declarations.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.