MSTR
Back in the saddle
Michael Saylor is back doing Michael Saylor things: Strategy bought 1,550 Bitcoin for $101 million at about $65,332 per coin, its first purchase since briefly selling 32 coins last week. That’s not just a buy-the-dip moment — it’s the company saying, “No, really, we’re still all-in.”
The treasury machine keeps humming
The new haul brings Strategy’s total stash to 845,256 BTC, acquired for just under $64 billion at an average cost of $75,680 per coin. Translation: the latest buy came in roughly $10,000 below its average cost, which is a rare little victory lap for a company that has spent years turning its balance sheet into a Bitcoin bunker.
To help pay for the purchase and rebuild its cash position, Strategy also issued $181 million of common stock and lifted its USD reserve by $100 million to $1 billion. That matters because it directly addresses the liquidity hand-wringing that started bubbling up after the reserve dipped to $871 million following the convertible debt repurchase.
MSTR is riding the Bitcoin story again
The stock was already having a rough week, dropping 6.9% on Friday, but the buy announcement gave it a boost in premarket trading. Meanwhile, the Nasdaq was down 4.77%, so MSTR’s bounce is basically the market saying, “Fine, we’ll trade the Bitcoin narrative today.”
Big picture: Strategy is still the clearest public-market proxy for Bitcoin maximalism, and every fresh buy doubles as both a treasury move and a stock catalyst. If Bitcoin keeps stabilizing, MSTR traders will keep treating these purchases like mini victory parades.