Market cheers slower data center buildout as voters reject expansion
Voters approved 40 of 41 local data center restrictions; Microsoft and Amazon shares rose as the market welcomed a slower buildout.
1 h ago7 min read
More Bitcoin for Strategy and Strive, Yet MSTR Holders Could Face Dilution
Strategy added 811 BTC and Strive 124 BTC; Strategy's bitcoin per diluted share fell roughly 0.17% due to new share issuance.
02/11/2026 14:137 min read
Strategy, the company formerly known as MicroStrategy, and rival Strive are beginning November with larger bitcoin holdings. The new purchases, though, point to a growing concern for Strategy stockholders: their slice of the company's bitcoin pile is getting smaller.
On Monday, November 2, the two firms revealed fresh bitcoin buys.
- Strategy purchased 811 BTC for $65.5 million, growing its holdings to 849,327 BTC.
- Strive added 124 more BTC, bringing its total to 43,124 BTC.
The effect on their respective shareholders, however, was strikingly different.
The Problem for Strategy's Shareholders
Strategy placed roughly 1.18 million new MSTR shares, raising $164 million. Just $65.5 million of those proceeds went into bitcoin; the remainder was kept as cash.
Put simply, the company created shares at a faster clip than it added bitcoin.
The upshot is that each diluted MSTR share now stands for roughly 0.17% less bitcoin.
Current holders therefore have a touch less bitcoin exposure per share, even as the company's overall holdings expand.
We found room for even more orange.
— Michael Saylor (@saylor), November 1, 2026
In the meantime, Strategy used $208 million to repurchase its STRC preferred stock, an amount more than triple what it spent on bitcoin.
The buyback reduces future dividend payments. Phong Le, Strategy's CEO, has previously described the effort as a commitment to “returning STRC to health.”
Strive's Move Offers a Different Take
The newest filing from Strive keeps its diluted share count flat, even as the company's bitcoin position grew.
As a consequence, bitcoin per diluted share at Strive rose by approximately 0.29%.
Strategy's bitcoin per diluted share was already down 3.7% for the year as of October 25. It is also authorized to sell another $18.6 billion worth of MSTR shares, which could dilute investors further.
With MSCI index exclusion risks piling on, the question for investors goes beyond bitcoin's price: how much of Strategy's expanding bitcoin treasury will each share actually represent?
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
STRC Returns to $100 Par for First Time Since May After $2B+ Buybacks
STRC returned to $100 par for the first time since May after Strategy spent over $2B on buybacks and rate hikes.
2 h ago13 min read
STRC Hits $100 on 34% Rebound; Can MicroStrategy’s Dividend Stock Hold?
MicroStrategy’s STRC rebounded 34% to $100, driven by buybacks and a broad market rally, though its ability to hold there is uncertain.
3 h ago9 min read
Block (XYZ) Will Pay $764 Million to Resolve DOJ Case as Bitcoin Profit Is Cut in Half
Block agreed in principle to pay $764 million to resolve a Justice Department investigation, while its bitcoin gross profit fell by half in the third quarter.
3 h ago12 min read