# Strategy Shares Fell 21.6% Through Nov. 6; Saylor Posts Bitcoin Chart Nov. 8 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/52174 Published: 2026-11-09T08:58:58.000Z Updated: 2026-11-09T08:58:58.000Z Section: Investing > The chart disclosed no new purchase. Strategy funded its latest disclosed Bitcoin acquisition with common-stock sales. Strategy’s common stock fell 21.6% between its Oct. 6 and Nov. 6 closes, a decline relevant to its Bitcoin (BTC) buying program because share sales funded its latest disclosed purchase. MSTR closed at $164.55 on Oct. 6 and $128.93 on Nov. 6, with both prices measured at 4 p.m. ET. The decline was complete before Strategy Executive Chairman Michael Saylor posted a chart tracking the company’s Bitcoin purchases on Nov. 8. Saylor captioned the chart “Connecting the dots.” His post gave no purchase amount, transaction date or updated holdings figure. Strategy’s [latest disclosed Bitcoin purchase]() added 811 BTC from Oct. 26 through Nov. 1. The company paid $65.5 million, including fees and expenses, for an average of $80,846 per coin. As of Nov. 1, Strategy held 849,327 BTC acquired for a total of $64.08 billion. That total is the company’s acquisition cost, rather than a current valuation of its holdings. During the purchase period, Strategy sold 1,178,552 MSTR common shares for $164 million in net proceeds. It used $65.5 million to buy Bitcoin and allocated the remaining $98.5 million to USD Cash, a separate balance available for broader treasury uses. The stock sales show how the company financed this purchase; Saylor’s later chart supplied no details of another one. Strategy also spent $208.2 million from USD Cash to repurchase 2,092,035 STRC preferred shares during the same period. That repurchase was separate from the Bitcoin acquisition funded with common-share proceeds. MSTR represents common stock, while STRC is a preferred security with a $100 stated amount. STRC closed at $99.84 at 4 p.m. ET on Nov. 6. Strategy targets a trading range of about $99 to $100 for the preferred shares through measures that include dividend-rate adjustments and repurchases, though the range is not guaranteed. Bitcoin was priced at $74,447 as of 3:55 a.m. ET (08:55 UTC) on Nov. 9. That spot price was observed after both the Nov. 1 holdings snapshot and the Nov. 6 MSTR close. ## Links in this article - [latest disclosed Bitcoin purchase](https://www.tokenpost.com/news/business/47272)