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Strategy Buys 250 Bitcoin for $21.5M as Holdings Reach 848,250 BTC

BullishMedium impact
MSTR$154.14 −0.13%BTCUSD$82,780.29 −1.09%STRC$99.82 0.17%

Strategy Inc Class A (NASDAQ:MSTR) expanded its crypto balance sheet by purchasing 250 Bitcoin (CRYPTO:BTCUSD) for $21.5 million between Oct. 5 and Oct. 11. The company paid an average price of $86,194 per coin. To finance the purchase, the firm sold 125,183 MSTR shares through its at-the-market equity program and covered the remaining $500,000 from cash reserves.

The transaction brings the company's total crypto portfolio to 848,250 Bitcoin, acquired for approximately $64 billion at an average cost of $75,444 per token. Alongside the Bitcoin acquisition, Strategy repurchased 1.93 million shares of its preferred stock (NASDAQ:STRC) for $192.4 million. The firm retains $354.8 million in remaining preferred share buyback capacity and maintains $4.88 billion in its U.S. dollar reserve to fund preferred dividends and debt obligations, along with $640.5 million in operational cash.

Shares of Strategy recently traded up 1.32% at $156.40, while Bitcoin dipped 0.99% to $82,860. Technically, the stock is testing resistance at a descending trendline near $158, with key support positioned at the 200-day exponential moving average of $153.

Key points

  • Strategy bought 250 Bitcoin for $21.5 million between Oct. 5 and Oct. 11 at an average price of $86,194 per coin.
  • Total Bitcoin holdings reached 848,250 tokens, purchased for approximately $64 billion at an average cost of $75,444 per coin.
  • The buy was funded by selling 125,183 MSTR shares via an at-the-market program and using $500,000 from cash reserves.
  • Strategy repurchased 1.93 million STRC preferred shares for $192.4 million while maintaining $4.88 billion in U.S. dollar reserves.

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 did Strategy buy recently?

Strategy purchased 250 Bitcoin for $21.5 million between Oct. 5 and Oct. 11 at an average price of $86,194 per coin.

What is Strategy's total Bitcoin balance and average price?

Strategy holds 848,250 Bitcoin, acquired for roughly $64 billion at an average purchase price of $75,444 per coin.

How did Strategy finance its latest Bitcoin purchase?

The company sold 125,183 shares of MSTR stock through an at-the-market equity program and covered the remaining $500,000 using cash reserves.