Strategy (NASDAQ:MSTR) bought 1,036 Bitcoin (CRYPTO: BTC) for $81.9 million last week, its largest weekly purchase in six weeks
What the Latest Filing Shows
Strategy disclosed the purchase in an 8-K filing Monday, paying an average of $79,012 per coin for the week.
Total holdings now stand at 850,364 BTC, acquired for $64.16 billion, an average cost of $75,456 per coin.
Strategy raised $283.8 million by selling 2,051,348 MSTR shares through its at-the-market program. Here’s where that money went:
- STRC (NASDAQ:STRC) preferred buybacks: $188.3 million (66.3%)
- Bitcoin purchase: $81.9 million
- USD Cash reserve: $13.6 million
The company reported no buybacks of MSTR common stock or any other preferred shares during the period.
Strategy’s USD Reserve stood at $4.77 billion after the company used $21.1 million from it to pay preferred-stock dividends last week, while separate USD Cash sat at $146.2 million for Bitcoin purchases and broader spending.
How This Week Compares to Strategy’s Recent Pace
Strategy bought a combined 1,662 BTC for $137.8 million across the five prior weekly filings Benzinga tracked, dated October 5 through November 2, with no Bitcoin sales reported in any of those weeks.
| Week | BTC Purchased | Amount Spent on Bitcoin | Avg. BTC Price | STRC Preferred Buybacks |
| Oct. 5 | 334 | $28.7M | $85,839 | $176.3M |
| Oct. 12 | 250 | $21.5M | $86,194 | $192.4M |
| Oct. 19 | 267 | $22.1M | $82,900 | $193.1M |
| Oct. 26 | 0 | $0 | — | $204.9M |
| Nov. 2 | 811 | $65.5M | $80,846 | $208.2M |
| 5-Week Total | 1,662 | $137.8M | — | — |
Where MSTR Stands Technically
MSTR fell about 3% in premarket trading, slipping below the $125 Fibonacci support level. Moreover, the stock remains below all four major EMAs, with daily RSI near 41 pointing to weak momentum.
Key levels for MSTR:
- $120: next downside level if $125 fails to hold
- $136 to $140: stronger resistance, where the moving-average cluster sits
Image: Shutterstock
