Strategy reported no STRC sales under its at-the-market issuance program for November 2–8, despite the preferred stock reaching a record intraday price of $100 on November 4. During that week, MSTR share sales generated $283.8 million in net proceeds, including $188.3 million used to repurchase 1,887,464 STRC shares and $81.9 million used to buy 1,036 BTC at an average price of $79,012 per coin, including fees. STRC buybacks therefore absorbed 66.3% of the common-stock proceeds, compared with 28.9% allocated to Bitcoin and 4.8% to USD Cash. The buybacks reduce Strategy’s preferred claims and could lower future preferred dividend requirements, subject to prevailing rates and future dividend declarations.
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