Strategy expanded its treasury holdings by purchasing 250 Bitcoin for $21.5 million between October 5 and October 11. During the same period, the company spent $192.4 million to repurchase preferred shares of STRC, dedicating significantly more funds to share buybacks than to Bitcoin acquisitions that week.
To fund the Bitcoin purchase, Strategy sold 125,183 MSTR common shares for $21 million after commissions, with the remaining $500,000 supplied from cash holdings. The company disclosed no MSTR common-share repurchases during this timeframe. The latest acquisition brings Strategy's total Bitcoin holdings to 848,250 BTC, acquired at a total cost of approximately $64 billion and an average price of $75,444 per coin, including fees and expenses.
Meanwhile, MSTR stock traded near $151.07 on October 12, reflecting a 2.12% decline from its previous close. The equity moved closer to its session low of $150.88 after reaching $158.40 earlier, following a broader pullback from recent highs around the $170 range.
Market participants are monitoring the $147 to $150 price area as an immediate support zone. A recovery above the $158 to $160 levels could improve the short-term outlook, whereas a fall below nearby support could direct attention toward the $134 to $138 price zones.
