Strategy Adds 250 Bitcoin: Can MSTR Break Through $160?

Strategy (NASDAQ:MSTR) bought 250 Bitcoin (CRYPTO: BTC) for $21.5 million last week, extending its buying streak even as the stock tests a key resistance level.

What the Filing Shows

Strategy disclosed in a Monday filing that it purchased the Bitcoin between Oct. 5 and Oct. 11 at an average price of $86,194 per coin. 

The company funded the buy by selling 125,183 MSTR shares through its at-the-market program, covering the remaining $500,000 from its cash balance.

Total holdings now stand at 848,250 BTC, acquired for roughly $64 billion at an average price of $75,444 per coin.

The company also moved on its preferred stock during the same week:

• STRC (NASDAQ:STRC): repurchased 1.93 million shares for $192.4 million
• STRF, STRK, STRD, MSTR: no buybacks executed
• Remaining capacity: $354.8 million left under the preferred-stock repurchase program, $1 billion authorized for future MSTR buybacks

Reserves Stay Deep Despite the Spending

As of Oct. 11, Strategy held $4.88 billion in its US dollar reserve and $640.5 million in additional cash. 

That reserve funds preferred dividends and debt interest, while the separate cash pool covers bitcoin purchases, reserve top-ups, and other capital management needs.