Strategy, the largest corporate holder of Bitcoin, announced it sold no shares under its at-the-market offering program for Bitcoin purchases during the week ending October 26, marking a pause after two consecutive weeks of buying activity.
The company's Bitcoin holdings remained unchanged at 848,517 BTC, acquired for an aggregate of $64.02 billion at an average price of approximately $75,446 per coin. At current market valuation, the treasury is worth approximately $67.88 billion.
Instead of continuing Bitcoin acquisitions, Strategy redirected capital toward share repurchases. The company repurchased 2,068,459 STRC preferred shares valued at approximately $205 million. An additional $956.8 million remains available under the company's digital credit securities repurchase program.
Executive Chairman Michael Saylor disclosed that Strategy maintains $5.1 billion in USD assets, comprising $4.83 billion in USD Reserve and $242.4 million in cash. Saylor noted that USD duration stands at 3.4 years with STRC's BTC Credit at 54 basis points under specified market assumptions.
Market Performance
MSTR stock gained approximately 5% last week, closing at $146.01 on Friday, though premarket trading Monday showed a decline of 1.95% to $143.16. STRC preferred stock advanced 1.25% last week and traded near $99.35 in premarket activity Monday, moving toward its $100 par value.
Clear Street raised its price target for MSTR to $211 and maintained a buy rating, citing Strategy's improved financial position through STRC repurchases and increased USD reserves.
Bitcoin price held near $80,000 following a recent rebound, with the 24-hour trading range between $79,331 and $80,825. Trading volume increased 10% as market participants awaited economic data releases scheduled for the week.
