Key takeaways

• Strategy bought 1,036 bitcoin for $81.9 million between Nov. 2 and Nov. 8, lifting its holdings to 850,364 BTC, according to an SEC filing dated Nov. 9.
• The company paid an average of $79,012 per coin last week and has now spent $64.16 billion on its stack, at an average of $75,456.
• On Nov. 12, Figment said it will provide validator infrastructure so eligible BNY Digital Asset Custody clients can stake supported assets, starting with ether, then Solana, The Block reported.

Strategy bought 1,036 bitcoin for $81.9 million last week, bringing its holdings to 850,364 BTC, according to a Nov. 9 filing with the U.S. Securities and Exchange Commission. Separately, BNY said it will use Figment’s validator infrastructure so eligible custody clients can stake supported crypto assets.

The Form 8-K covers the week from Nov. 2 to Nov. 8. Strategy paid an average of $79,012 per bitcoin, inclusive of fees and expenses. It said it has now paid $64.16 billion in total for its holdings, at an average price of $75,456 per coin. Cointelegraph reported that the stack is now about 4.05% of bitcoin’s 21 million supply cap.

The coins were funded with net proceeds from sales of class A common stock. Strategy sold 2,051,348 MSTR shares under its at-the-market program and raised $283.8 million, the filing shows. Of that, $81.9 million went to bitcoin, $188.3 million was used to repurchase 1,887,464 STRC preferred shares, and $13.6 million was allocated to USD Cash.

As of Nov. 8, Strategy’s USD Reserve stood at $4.77 billion and USD Cash at $146.2 million. The company used $21.1 million of the reserve during the week to pay dividends on its preferred stock. It still had $560.3 million available under its preferred repurchase program, $1.0 billion under its MSTR buyback authorization, and about $18.34 billion of MSTR still available under the ATM.

Executive Chairman Michael Saylor posted the update on X, Bitcoin Magazine reported: “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.”

Cointelegraph said that since the start of October, Strategy has spent about $1.06 billion buying back STRC, nearly five times the $219.7 million it spent on bitcoin. The latest purchase follows 811 BTC bought for $65.5 million the previous week.

The filing lands as bitcoin trades below Strategy’s $75,456 average cost. On Friday, bitcoin fell below $70,000, its lowest level since Aug. 20. The company has kept buying, though at a slower pace than in earlier periods when it resumed purchases after a 10-week pause.

BNY Taps Figment for Institutional Staking

On Thursday, Figment announced a collaboration with BNY to support staking on BNY’s Digital Asset Custody platform. Eligible asset managers, ETF issuers, corporates and wealth management firms will be able to stake supported digital assets already held in custody, Figment said. A Figment spokesperson told The Block that ether will be supported first, followed by Solana. The companies did not give a launch date.

“As institutional participation in staking grows, the focus is shifting from simply accessing staking to how it is delivered,” Ralf Roth, BNY’s head of digital asset custody, said in a statement. “Offering staking with Figment in a trusted custody framework can give institutions greater confidence in how they participate, while supporting the standards of security, oversight and accountability they expect from a global custodian.”

BNY launched its digital asset custody service in October 2022, initially accepting bitcoin and ether from select clients, The Block reported. Last month, BNY and Ripple expanded that custody agreement to cover XRP and RLUSD. The staking plan adds to a wider institutional push, including Visa’s decision to support Western Union’s USDPT stablecoin for VisaNet settlement.

Josh Deems, Figment’s head of revenue, said the firm is bringing its validator infrastructure to BNY’s existing platform and servicing workflows. Figment said it provides staking services to more than 1,500 institutions. The companies did not say how much client capital might be staked at launch.