Strategy's Bitcoin (BTC) Holdings Reach 848,250 After $21.5M Weekly Buy

Update 13:08 UTC: That pause, alongside repurchase activity, has drawn down the cash cushion: Saylor's figures show USD assets at $5.5 billion, down from above $6 billion a few weeks earlier.

A Second Straight Smaller Weekly Buy

Strategy, the Nasdaq-listed company that holds more Bitcoin (BTC) than any other public firm, disclosed on Monday that it bought 250 BTC for $21.5 million across the week from October 5 to October 11, lifting its strategic Bitcoin reserve to 848,250 coins. The average entry came to $86,194 per coin, fees and expenses included. Of the funding, $21 million arrived through the sale of 125,183 shares of MSTR common stock and the remaining $500,000 came from cash on hand. It is the second week in a row the weekly purchase has shrunk. The Bitcoin (BTC) price now sits near $82,780, slightly under last week's average cost. These weekly buys normally surface in filings with the US Securities and Exchange Commission, which stays closed on Monday for the Columbus Day holiday.

Sunday's teaser fit a routine followers now set their clocks by. Michael Saylor, Strategy's founder and executive chair, posted his chart of orange dots, one for each buy, with the line “There's always room for more orange.” Within a day the company's October 12 announcement confirmed what the dots implied. The net addition was exactly 250 coins over the 848,000 reported through October 4. Total investment in the asset now stands near $64 billion, at an average holding cost of $75,444 per coin. Saylor's post put combined dollar assets, reserve and cash, at about $5.5 billion, noting a 3.5-year duration and 52 basis points of STRC Bitcoin (BTC) credit under a 10% bitcoin ARR assumption at a reference price of $82,252.

Spot Sits Below Last Week's Cost

The market's own reading adds the frame. Live monitoring puts Bitcoin at $83,568, up 1.04% over 24 hours, so the near-term picture is bracketed by two heavily scored levels. Our support and resistance scoring, a composite of the indicators meeting at each level, rates $80,947.26 the strongest support at 95/100 and $84,492.52 the heaviest resistance at 85/100; a decisive close through either would redraw the map. Positioning stays mild: the perpetual funding rate reads 0.0056% and open interest holds near $15.8 billion, with 56.6% of accounts long against 43.4% short. Sentiment leans warm, with the Fear & Greed Index at 57, and the RSI at 53.20 keeps momentum neutral even as the trend label reads uptrend with a bearish MACD signal (as of 15:33 UTC).

Buybacks Dwarf the Coin Spend

Capital returned to shareholders dwarfed the coin purchase. Strategy repurchased 1,932,145 shares of its STRC preferred stock for $192.4 million last week, up from $176.3 million the prior week and $151.7 million the week before that, close to nine dollars of buybacks for every dollar of Bitcoin (BTC). The preferred repurchase program keeps $354.8 million of capacity, and a separate $1 billion plan covering its stock remains open. Supporting the preferred near its $100 face value takes real balance sheet: a $4.88 billion USD Reserve for dividends and debt interest plus $640.5 million of free cash, roughly $5.52 billion combined as of October 11. STRC was set to open Monday at $99.68, a hair under par. The dual-track Bitcoin treasury approach keeps buying coins and defending the preferred at the same time.

From 55,500 Coins to 250

The trajectory is the number to watch. Two weeks ago Strategy added 1,665 BTC; last week 334; this week 250. For scale, it bought 55,500 BTC in a single week in November 2024. Over the third quarter the stack grew just 0.2%, with 7,218 coins purchased against 5,553 sold. Gold advocate Peter Schiff argues Strategy has lost its buying power because the STRC share sales that once financed purchases have dried up. The liquidity half of that claim does not hold up in the filings: the October 5 disclosure showed about $4.9 billion set aside for dividends. Saylor has kept signaling every buy all the same, framing the program as an unbroken HODL rather than a timed trade.

$18.8 Billion Still Authorized

Capacity is not the constraint. A September 28 filing shows about $18.8 billion of common stock still authorized for sale, and the coming weekly disclosures will show how that splits between coin purchases and repurchases, since the Columbus Day closure pushes this week's paperwork to the next window. Accumulation outside the company is broadening too, with Bitcoin whale holdings climbing toward roughly 3 million BTC on reviving demand. The stack was worth about $70.6 billion when the coin traded near $83,283 earlier Monday, against roughly $64 billion paid. One standing fact frames it all: no other public company holds more of the asset, and the 848,250-coin reserve, carried at an average $75,444, keeps Strategy the reference holder the market reads each Monday.

The streak itself is the newest angle: this marks the fourth consecutive weekly purchase since Strategy resumed buying in mid-September, after pausing over the summer, when it sold Bitcoin on several occasions. That pause, alongside repurchase activity, has drawn down the cash cushion: Saylor's figures show USD assets at $5.5 billion, down from above $6 billion a few weeks earlier. The preferred-side strategy appears to be working as intended, with STRC closing Friday at $99.66, a step away from its $100 face value, after sinking below $75 at its worst point during the summer trough. The company now appears to be calibrating the pace of coin buying against the stability of its funding instruments.