Strategy Buys 1,036 Bitcoin for $81.9M, Its Biggest Weekly Haul in Six Weeks
MSTR sits 57% above its 52-week low of $81.81 on light trading volume (0.3× avg).
Summary
Strategy bought 1,036 Bitcoin for $81.9 million last week at an average of $79,012 a coin, its largest weekly purchase in six weeks, per the 8-K filed Monday. Holdings now total 850,364 BTC acquired for $64.16 billion, an average cost of $75,456. The buying was funded by selling 2,051,348 MSTR shares for $283.8 million through the at-the-market program, but only $81.9 million of that went to Bitcoin — $188.3 million went to STRC preferred buybacks and $13.6 million to the USD cash reserve. That allocation is the story: shareholders are being diluted to shore up the preferred, not to accumulate coin at the prior pace. MSTR fell about 3% premarket, breaking below $125 Fibonacci support with the stock under all four major EMAs and RSI near 41; $120 is the next downside level, with $136-$140 the resistance cluster.
At the time of this announcement, MSTR was trading at $128.67 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $54.3B. The 52-week trading range was $81.81 to $249.96. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.