MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[Free Market Capitalist]

For the first time in years alright months I would be the first to announce a purchase.

Lol.

Well not the X format but this should do and I used the opportunity to check the price the prior week bitcoin was bought.
And it was the top top
No wonder they didn't share it.

Well, not the top. In fact, they bought cheaper than last week and the highest average price they bought at in a week was $123K a year ago.

It's yet another step in the headlong rush forward, praying that the price of Bitcoin in the future will continue to sustain the system.

Yeah but sadly Bitcoin price doesn't really correlate directly with their preference share.

I think it does, not as directly as MSTR price but it does.

[ObeyKnock]

Purchase a little lackluster compare to their counterpart but I noticed that they used similar amount like prior week
$22M well with price difference The amount of Bitcoin they got different.

Nice catch on the $22M comparison.

Returns on Strategy preferred shares may underperform in a BTC bull market as yields, demand and distribution sustainability concerns could all have an adverse effect on returns. True test of the structure will be in a BTC bear market, of which we havent yet seen.

Despite BTC appreciating in value, Strategy appears to be buying BTC in a similar range indicating Strategy commitment to its BTC accumulation strategy. Will be interesting to see how the financing pieces of their strategy evolve relative to their BTC holdings.

[Nasdel4]

Purchase a little lackluster compare to their counterpart but I noticed that they used similar amount like prior week
$22M well with price difference The amount of Bitcoin they got different.

Nice catch on the $22M comparison.

Returns on Strategy preferred shares may underperform in a BTC bull market as yields, demand and distribution sustainability concerns could all have an adverse effect on returns. True test of the structure will be in a BTC bear market, of which we havent yet seen.

Despite BTC appreciating in value, Strategy appears to be buying BTC in a similar range indicating Strategy commitment to its BTC accumulation strategy. Will be interesting to see how the financing pieces of their strategy evolve relative to their BTC holdings.

This is really amazing. It will be interesting to see how strategy will balance further buying of bitcoin with it's financing needs because market conditions will definitely change.

[Free Market Capitalist]

As far as I can see there was no buy this week. Is anyone following Saylor's X to find out why? Normally, aside from the weeks when the books are closed at the end of the quarter, there’s usually a week here and there when no purchases are made. Theoretically, this maintains a certain degree of unpredictability, and keeps the markets guessing.

[ultrloa]

As far as I can see there was no buy this week. Is anyone following Saylor's X to find out why? Normally, aside from the weeks when the books are closed at the end of the quarter, there’s usually a week here and there when no purchases are made. Theoretically, this maintains a certain degree of unpredictability, and keeps the markets guessing.

Well maybe because they do buy back on STRC, base on their tweet yesterday.



https://x.com/saylor/status/2114701492443635943

Well I guess this is the latest activity they have done for this week, then maybe next week they resume on their Bitcoin accumulation.

Maybe at this point they try to balance their accumulation, then pay attention for awhile in their own stocks. To minimize their dividends and other risk they might encounter.

[Free Market Capitalist]

Well maybe because they do buy back on STRC, base on their tweet yesterday.

...

Well I guess this is the latest activity they have done for this week, then maybe next week they resume on their Bitcoin accumulation.

Maybe at this point they try to balance their accumulation, then pay attention for awhile in their own stocks. To minimize their dividends and other risk they might encounter.

This is probably the most reasonable course of action after the dumb move to deplete the reserve and the initial sale that caused the drop in the MSTR and STRC share prices: replenish the reserve, repurchase STRC, and avoid making large purchases of Bitcoin. Apart from that, it would be nice if they thought about MSTR shareholders instead of constantly diluting their holdings, but you can’t have it all at once.

[ultrloa]

Well maybe because they do buy back on STRC, base on their tweet yesterday.

...

Well I guess this is the latest activity they have done for this week, then maybe next week they resume on their Bitcoin accumulation.

Maybe at this point they try to balance their accumulation, then pay attention for awhile in their own stocks. To minimize their dividends and other risk they might encounter.

This is probably the most reasonable course of action after the dumb move to deplete the reserve and the initial sale that caused the drop in the MSTR and STRC share prices: replenish the reserve, repurchase STRC, and avoid making large purchases of Bitcoin. Apart from that, it would be nice if they thought about MSTR shareholders instead of constantly diluting their holdings, but you can’t have it all at once.

Exactly, then also it seems that their aim for now is stability and not those trying to chase for something big.

Doing those buy backs, this will eventually help them to buy lots of them, also to became flexible on things they need. It can also help them to have great position, once there's great opportunity came.

But they cannot avoid that, their are share holders especially those who wants Bitcoin might get frustrated on their no Bitcoin buy this week. But for me I think their current action they made is fine for now.

[Italian Panic]

This is a classic example of corporate cash management at a time when cash flows are generally stagnant. In fact no there are new emission in last week.
As far as I think, Saylor had already stated in the past that he would support new price levels for Strategy stocks by carrying out a buyback, and given that the share price has risen from 70 dollars to 100 dollars in just a few months, this move fits into that context.
Furthermore, as the buyback to support the share price tied up almost 50% of the available cash, and given that cash flows have recently declined somewhat, he has not purchased any further bitcoins.

[Ambatman]

I came across a thread about an Ai firm or something that dabbles in being a treasury company
https://bitcointalk.org/index.php?topic=5598112.msg67286070#msg67286070
And they haven't gotten their funds from the custodians they are using.
Yes Strategy does the same with Coinbase and other custodian without thinking about all these
I was always surprised they don't even use multisig and just trust the custodian.


The performance of datavault the supposed company has been so bad in years
Why? Not only because of reverse split the owners have been issuing common shares like its air.

I hope this becomes a wake up call on treasury using a custodian without back up or something.

[fillippone]

Strategy just announced their 2026Q3 results:



Much of it is just bitcoin price appreciation.

[avp2306]

Strategy just announced their 2026Q3 results:



Much of it is just bitcoin price appreciation.

Yeah and it really look cool in that quarter, because Bitcoin goes up at that time.

If it happen that BTC price experience a dump, maybe the situation became different and they cannot produce a good report.

They are so completely dependent on Bitcoin. Its good for people to separate their company performance, to the appreciation of the price of Bitcoin. To have clear view on real situation happening with them.

[Free Market Capitalist]

Yeah and it really look cool in that quarter, because Bitcoin goes up at that time.

The same way it didn't look good in Q1 and Q2 because Bitcoin went down.

They are so completely dependent on Bitcoin. Its good for people to separate their company performance, to the appreciation of the price of Bitcoin. To have clear view on real situation happening with them.

I don't see how they're going to separate it. The company is sort of like a Bitcoin ETF, but more complex and riskier. In theory, that risk in MSTR is offset by greater potential for appreciation, but since Saylor keeps ATM-ing, he's ruining that possibility. I imagine that if he ever manages to actually get STRC to work, he'll stop doing it, but that remains to be seen.

[ultrloa]

Strategy just newly announced their 811 BTC purchase.

I just got the update from Bitcoin Magazine 




But this is the tweet of Saylor announcing their recent purchase on X https://x.com/saylor/status/2117241559267836333?a=vRRXqYEE4BI3Ky0nyjw&s


Well it seems that, they are slowly accumulating big numbers now.

[Ambatman]

Well it seems that, they are slowly accumulating big numbers now.

Funny is if it was last year such a number would have been scary
Like what happened did they loss their money
But compared to the last couple of months it's higher.
And they bought more STRC
The highest it has gotten since they started buying was 99.9 before it fell around 99.13
Showing signs of recovery but keeping some funds as liquid would be safer imo in case of a dip.

[Free Market Capitalist]

Well it seems that, they are slowly accumulating big numbers now.

At least this is a decent thread, full of reasonable comments. Someone has started another thread calling this purchase “aggressive,” which is obviously false if you know even a little about Strategy's purchase history.

Funny is if it was last year such a number would have been scary

Yeah, but last year they didn't come off the back of having caused a drop in the share price by depleting their cash reserves and selling Bitcoin. After replenishing the reserve and buying back STRC to bring it back to par, things aren't looking too bad. This is better than those big announcements of massive purchases that had no effect on the price of Bitcoin anyway.

Showing signs of recovery but keeping some funds as liquid would be safer imo in case of a dip.

They have almost $5B in cash reserve ATM. Doesn't look bad to me.

[Italian Panic]

It must be said that last week they skipped buying Bitcoin to focus solely on the stock buy back, which was, in fact, part of their overall plan.
This week, they generated revenue of around 164 million dollars from the sale of approximately 1.7 million strategy stocks and consequently purchased 811 bitcoin. I’m interested to know what Strategy purchase cap might be, given that as the price rises they will inevitably have to buy fewer bitcoins, and in the event of a price crash they will have to sell bitcoins to pay for the convertible stocks, which they will then have to buy back.

[atookz]

Much of it is just bitcoin price appreciation.

Yep, the numbers back that up. Nearly all of the Q3 operating income, some $20.9B, was attributable to the BTC stack, rather than the software business. There's been a slight decline in software revenue, which was down 3% to $125.4M, and the share price continues to decline, with BTC Yield running at -3.7% YTD. Essentially, per-share dilution has been outpacing per-share accumulation. A good quarter, albeit mostly BTC price story with the potential to reverse very quickly in a drawdown.

Well it seems that, they are slowly accumulating big numbers now.

811 BTC isn't big numbers, yet. It’s about $65.5M at an average of $80,846 per coin. This is the highest weekly purchase amount since Sept 28, which was less than 1,000 BTC. They didn't purchase any BTC the previous week and spent $205M on their buybacks of STRC, which suggests it's more of a return to form than an attempt to ramp things up. Their $4.79B USD reserve is good though for them to be able to do both.

[Free Market Capitalist]

Well it seems that, they are slowly accumulating big numbers now.

811 BTC isn't big numbers, yet.

He's talking about what they're accumulating, not what they're buying. 811 BTC is a small purchase, but a total of 849,327 BTC—and growing—is a huge amount. Do you get it now? Even if they continue to buy less than 1,000 BTC per week, the cumulative total is huge and getting even bigger.

[Popkon6]

Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets. $MSTR
Source link: https://x.com/saylor/status/2119778202931388769?a=TlnK1h7ZnRvI7x4rB58&s=19

Taking advantage of this Bitcoin decline, Michael Saylor has once again proven that it is not a good idea to stay away from Bitcoin during the volatility of the Bitcoin price. Because the more opportunities you get, the more Bitcoin you buy and hold on to it for the future. 1036 BTC have been purchased under the direction of Michael Saylor, the company MSTR is in control of, so far the Bitcoin price has accumulated 850364 Bitcoins. If they can survive like this in the future, they will definitely be able to achieve more success.

[Ambatman]

Strategy has acquired 1,036 $BTC and repurchased $188M of $STRC. As of 11/8/26, we hold 850,364 BTC and $4.9B of USD Assets. $MSTR
Source link: https://x.com/saylor/status/2119778202931388769?a=TlnK1h7ZnRvI7x4rB58&s=19

Taking advantage of this Bitcoin decline, Michael Saylor has once again proven that it is not a good idea to stay away from Bitcoin during the volatility of the Bitcoin price. Because the more opportunities you get, the more Bitcoin you buy and hold on to it for the future. 1036 BTC have been purchased under the direction of Michael Saylor, the company MSTR is in control of, so far the Bitcoin price has accumulated 850364 Bitcoins. If they can survive like this in the future, they will definitely be able to achieve more success.

It seems from the MSTR tracker site that they bought at an average around $79K
And as always through mstr dilution that Btc yield by almost 5%
I'm guessing STRC Is a bigger priority to them maybe to cut away off some cost in the future.