Strategy acquired 1,036 Bitcoin and repurchased $188.3 million of its STRC preferred stock between November 2nd and November 8th, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on November 9th.

Company founder and chairman Michael Saylor announced the moves in a November 9th X post, reporting that Strategy now holds 850,364 Bitcoin and $4.9 billion of USD assets.

The company paid $81.9 million for the new Bitcoin, an average of $79,012 each, including fees and expenses.

It sold 2,051,348 shares of MSTR Class A common stock through its at-the-market program, which lets it issue new shares gradually at market prices, for $283.8 million in net proceeds.

Of that amount, $81.9 million went toward Bitcoin, $188.3 million funded the STRC buyback, and $13.6 million was added to USD Cash.

Strategy bought back 1,887,464 STRC shares during the week, an average of about $99.76 per share based on the reported totals.

STRC, formally the Variable Rate Series A Perpetual Stretch Preferred Stock, is one of several preferred share classes Strategy has issued.

After the buybacks, $560.3 million remained available under what Strategy calls its digital credit securities repurchase program, which covers its preferred stock.

The company sold no STRF, STRC, STRK, or STRD shares and repurchased no other securities, leaving $1.0 billion available under its MSTR buyback program.

USD Cash, the portion of Strategy's dollar holdings that management can deploy for purposes such as buying Bitcoin or expanding its reserve, stood at $146.2 million.

The separate USD Reserve, which supports preferred dividends and interest on the company's debt, covered $21.1 million in preferred dividends during the week and ended at $4.77 billion.

Strategy's 850,364 Bitcoin were acquired for an aggregate $64.16 billion, or $75,456 per Bitcoin, including fees and expenses.

In a follow-up post, Saylor reported a USD Duration of 3.4 years, up from 3.3 years a week earlier, and noted that STRC's BTC Credit tightened by two basis points to 58.

Those figures assume a 10% annual Bitcoin return, 40% volatility, and a Bitcoin price of $75,800.

Strategy describes BTC Credit as one of several illustrative credit metrics for assessing its Bitcoin-collateralized creditworthiness.