MicroStrategy and Strive Buy More Bitcoin, but Shareholders Could Feel the Pain

Dextape brief

By Dextape Desk · November 2, 2026

Strategy, formerly MicroStrategy, and rival Strive both announced new Bitcoin purchases on Monday, November 2. Strategy added 811 BTC worth $65.5 million, bringing its holdings to 849,327 BTC, while Strive added 124 BTC, reaching 43,124 BTC. According to the article, the effect on shareholders differed sharply between the two firms. Strategy issued roughly 1.18 million MSTR shares, raising $164 million, yet spent only $65.5 million on Bitcoin, so the Bitcoin tied to each diluted share fell about 0.17 percent. Strive's diluted share count held steady, so its Bitcoin per share rose about 0.29 percent. Strategy also paid $208 million to repurchase STRC preferred shares, which the article says reduces future dividend obligations. The article adds that Strategy can still sell $18.6 billion of MSTR shares, and possible MSCI index exclusion adds pressure.

Why it matters: It shows that share dilution can shrink how much Bitcoin each shareholder effectively holds, even as a company's Bitcoin treasury grows.

Mentioned: Bitcoin

Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.