Strategy sold 2,051,348 MSTR common shares for $283.8 million in net proceeds during November 2–8, 2026, allocating $188.3 million to repurchase 1,887,464 STRC shares, $81.9 million to buy 1,036 BTC and $13.6 million to USD Cash. The allocation sent 66.3% of proceeds to STRC buybacks and 28.9% to Bitcoin purchases, making the repurchase amount about 2.3 times the Bitcoin allocation. STRC reached an intraday high of $100 on November 4 and closed at $99.98, but Strategy’s November 9 Form 8-K reported no STRC shares sold through its ATM offering program during the week. The disclosure showed that STRC’s price recovery had not yet translated into reported preferred-stock issuance, while MSTR sales supplied the disclosed capital for Bitcoin purchases and STRC buybacks.