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Bitcoin Holds Above Key Averages as Strategy Reaches 848,250 BTC Holdings

MixedMedium impact
BTCUSD$83,628.40 2.28%MSTR$153.58 0.59%

Strategy Inc Class A (MSTR) added 250 Bitcoin to its reserves for approximately $21.5 million, raising its total treasury holdings to 848,250 BTC as of October 11, 2026. The acquisition brings the company's total position to roughly 4% of the maximum 21 million Bitcoin supply, held at an average purchase price of about $75,444 per coin. In tandem with its cryptocurrency purchases, the company repurchased around $192 million of its STRC preferred shares as part of its ongoing capital management plan.

The continued corporate accumulation reflects ongoing institutional treasury demand against a backdrop of macro uncertainty. Economist Peter Schiff noted that Bitcoin demonstrated unexpected resilience around $85,000 compared to gold, which retreated toward $4,000 following Federal Reserve rate signals. However, Schiff maintained his long-term bearish outlook, expecting the asset to hit new lows eventually.

Looking ahead, technical indicators show Bitcoin trading above its 50-day, 100-day, and 200-day exponential moving averages. Near-term price action remains focused on overhead resistance between $84,700 and $86,700, while support sits around $81,800 to $82,300. Bitcoin was recently quoted at $83,120 on Bitstamp, up 1.65% on the day.

Key points

  • Strategy Inc Class A (MSTR) purchased 250 BTC for $21.5 million, raising total holdings to 848,250 BTC.
  • Strategy's total Bitcoin holdings represent approximately 4% of the asset's total 21 million coin supply.
  • Gold advocate Peter Schiff noted Bitcoin stayed resilient around $85,000 while gold retreated toward $4,000.
  • Bitcoin technical indicators show support above 50-day, 100-day, and 200-day exponential moving averages.
  • Nearby resistance for Bitcoin lies between $84,700 and $86,700, with support around $81,800 to $82,300.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much Bitcoin does Strategy own?

Strategy holds 848,250 BTC as of October 11, 2026, after acquiring an additional 250 BTC for roughly $21.5 million. This represents approximately 4% of Bitcoin's maximum supply of 21 million coins, bought at an average price of around $75,444 per coin.

What did Peter Schiff say about Bitcoin and gold?

Peter Schiff acknowledged that Bitcoin held its gains near $85,000 better than expected, while gold retreated toward $4,000 following Federal Reserve interest rate comments. However, Schiff emphasized that he still expects Bitcoin to reach new lows in the future.

What are the key technical price levels for Bitcoin?

Bitcoin faces key technical resistance between $84,700 and $86,700. On the downside, critical support levels sit around $81,800 to $82,300, while the price remains above its 50-day, 100-day, and 200-day exponential moving averages.