MSTR
Orange-pilling the balance sheet
Strategy is still doing Strategy things: the company filed that it bought 250 bitcoin last week for $21.5 million, paying about $86,194 per coin. It financed the buy mostly by selling 125,183 MSTR shares through its at-the-market program, with the rest coming from cash. If you’ve been waiting for Michael Saylor to blink, this filing says: not today.
The stash keeps getting bigger
After the latest buy, Strategy says it now holds 848,250 BTC, acquired for roughly $64 billion at an average price of $75,444. That’s a monster stack, and it keeps the company’s identity welded to bitcoin whether the stock market likes it or not.
- BTC holdings: 848,250
- Average purchase price: $75,444 per coin
- US dollar reserve: $4.88 billion
- Additional cash: $640.5 million
Capital juggling, but make it aggressive
The company also said it repurchased 1.93 million STRC shares for $192.4 million during the same week, while leaving the other preferred-stock tickers untouched. There’s still $354.8 million of preferred-stock repurchase capacity left, plus $1 billion authorized for future MSTR buybacks. In other words, Strategy still has plenty of financial ammo — it’s just choosing to fire it at bitcoin.
MSTR is flirting with a breakout
The stock itself was basically flat in premarket around $155, which puts it right under a descending trendline from January’s $240 high. Bulls would love to see MSTR punch through $158 and turn that ceiling into a floor. Until then, the chart is doing that annoying thing where it looks close, but not close enough.
Big picture: Strategy is still the market’s most aggressive bitcoin proxy, and every fresh buy keeps that trade in the spotlight. For investors, the question isn’t whether the company likes bitcoin — it’s how long the stock can keep digesting that bet without choking on volatility.