MicroStrategy and Strive Buy 1,065 Bitcoin: Can Saylor Keep Adding Below Cost?

Brief

By Dextape Desk · November 9, 2026

Strategy, the former MicroStrategy, bought 1,036 Bitcoin last week, bringing holdings to 850,364 coins. Its SEC filing shows it sold 2,051,348 MSTR shares between November 2 and 8, raising $283.8 million. Only $81.9 million went to Bitcoin, while $188.3 million repurchased STRC preferred stock. With Bitcoin near $74,876, below Strategy's $75,456 average cost, the holdings sit roughly $490 million under water, by BeInCrypto's estimate.

Strive, a Nasdaq-listed firm that holds Bitcoin and was started partly by Vivek Ramaswamy, bought 29 BTC worth $2.2 million at an average of $75,721 per coin, taking its stack to 43,153. Both companies finance buys by selling their own shares, and Strategy still has about $18.34 billion of MSTR available under its gradual at-the-market program.

Why it matters: The article says this funding approach is reducing Strategy's Bitcoin per share while Strive's has risen.

Mentioned: Bitcoin, Nasdaq

Summary by Dextape, based on reporting by BeInCrypto. Machine-written from BeInCrypto’s report and checked against it · How Dextape writes