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

- URL: https://stocks.freetheai.org/news/bitcoin-holds-above-key-averages-as-strategy-reaches-848-250-btc-holdings-a33554
- Published: 2026-10-13T13:06:31Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [BITSTAMP:BTCUSD](https://stocks.freetheai.org/symbols/BITSTAMP-BTCUSD), [NASDAQ:MSTR](https://stocks.freetheai.org/symbols/NASDAQ-MSTR)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

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.

## 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.