# Strategy Put Less Than 11 Cents of Each Dollar Raised Into Bitcoin (BTC) By John Kim Canonical URL: https://www.tokenpost.com/news/business/49482 Published: 2026-11-05T18:25:50.000Z Updated: 2026-11-05T18:25:50.000Z Section: Business > The company raised $5.4 billion through stock sales and spent $588 million on Bitcoin purchases during the quarter. Strategy spent less than 11 cents of each dollar raised through stock sales on Bitcoin purchases in the third quarter, with proceeds also going to preferred-stock repurchases, dividends and cash held for those uses. Strategy raised $5.4 billion through stock sales in the third quarter and spent $588 million on Bitcoin (BTC) purchases. Bitcoin purchases accounted for 98 cents per dollar raised in Q1 and less than 77 cents in Q2, before falling below 11 cents in Q3. The $5.4 billion total included fundraising through common stock and preferred shares, including STRC, STRK, STRF, STRD and STRE. Strategy bought 7,218 BTC during the quarter and sold 5,552 BTC for $348.6 million, leaving its holdings up by 1,666 BTC on a net basis. Proceeds from the Bitcoin sales partly funded dividends to preferred shareholders and STRC repurchases. In a separate weekly update, Strategy paired a 267 BTC purchase with $193.1 million in STRC repurchases, part of its [weekly Bitcoin buying and STRC repurchase activity](). ## Links in this article - [weekly Bitcoin buying and STRC repurchase activity](https://www.tokenpost.com/news/business/34806)