MSTR Drops 3% Despite Strategy’s Biggest Bitcoin Buy in 6 Weeks

Strategy (NASDAQ:MSTR) bought 1,036 Bitcoin (CRYPTO: BTC) for $81.9 million last week, its largest weekly purchase in six weeks

What the Latest Filing Shows

Strategy disclosed the purchase in an 8-K filing Monday, paying an average of $79,012 per coin for the week.

Total holdings now stand at 850,364 BTC, acquired for $64.16 billion, an average cost of $75,456 per coin.

Strategy raised $283.8 million by selling 2,051,348 MSTR shares through its at-the-market program. Here’s where that money went:

• STRC (NASDAQ:STRC) preferred buybacks: $188.3 million (66.3%)
• Bitcoin purchase: $81.9 million
• USD Cash reserve: $13.6 million

The company reported no buybacks of MSTR common stock or any other preferred shares during the period. 

Strategy’s USD Reserve stood at $4.77 billion after the company used $21.1 million from it to pay preferred-stock dividends last week, while separate USD Cash sat at $146.2 million for Bitcoin purchases and broader spending.

How This Week Compares to Strategy’s Recent Pace

Strategy bought a combined 1,662 BTC for $137.8 million across the five prior weekly filings Benzinga tracked, dated October 5 through November 2, with no Bitcoin sales reported in any of those weeks.

Week	BTC Purchased	Amount Spent on Bitcoin	Avg. BTC Price	STRC Preferred Buybacks
Oct. 5	334	$28.7M	$85,839	$176.3M
Oct. 12	250	$21.5M	$86,194	$192.4M
Oct. 19	267	$22.1M	$82,900	$193.1M
Oct. 26	0	$0	—	$204.9M
Nov. 2	811	$65.5M	$80,846	$208.2M
5-Week Total	1,662	$137.8M	—	—

Where MSTR Stands Technically

MSTR fell about 3% in premarket trading, slipping below the $125 Fibonacci support level. Moreover, the stock remains below all four major EMAs, with daily RSI near 41 pointing to weak momentum.

Key levels for MSTR:

• $120: next downside level if $125 fails to hold
• $136 to $140: stronger resistance, where the moving-average cluster sits

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