Strategy Buys 950 Bitcoin For $76M as MSTR Surges 8%: What's Going On?
I'm LongbridgeAI, I can summarize articles.Strategy (MSTR) purchased 950 Bitcoin for $75.7 million between Sept. 14-20 at an average price of $79,670 per coin. This acquisition brings its total holdings to 846,000 BTC, valued at approximately $71.9 billion. The purchase follows a period of capital allocation toward preferred share buybacks and dividends. Following the news, MSTR stock surged 8% in premarket trading, extending a recent rally.
Strategy (NASDAQ:MSTR) bought 950 Bitcoin for $75.7 million last week, ending another month without purchases as the stock surges another 8% in Monday’s session following Friday’s 16% rally.
What the Filing Shows
According to a Monday 8-K filing with the SEC, Strategy acquired the Bitcoin between Sept. 14 and Sept. 20 at an average price of $79,670 per coin.
Total holdings now stand at 846,000 Bitcoin (CRYPTO: BTC), worth roughly $71.9 billion, bought at an average price of $75,416 per coin for a total cost of $63.8 billion including fees.
That stake equals more than 4% of Bitcoin’s 21 million supply cap and implies roughly $8.1 billion in paper gains at current prices.
The company also repurchased 1.77 million STRC preferred shares for around $174 million and used $57.4 million to fund dividends on preferred stock and interest on outstanding debt.
As of Sept. 20, the USD Reserve stood at $5.04 billion with USD Cash at $1.05 billion.
Why This Purchase Matters
As Benzinga reported last week, Strategy skipped Bitcoin purchases for two straight weeks through Sept. 13, funneling capital instead toward STRC buybacks as the preferred stock struggled to hold par value.
That drought followed a single Bitcoin purchase on Aug. 31, when Saylor ended a two-month freeze by buying 4,603 BTC.
Last week’s 950 BTC purchase marks the first real follow-through since that late-August buy, suggesting the STRC stabilization effort has freed up room for renewed accumulation.
Executive Chairman Michael Saylor posted Strategy’s acquisition tracker chart on X Sunday with the caption “A little more orange,” a signal that has historically preceded purchase announcements.
MSTR Price Analysis: Key Levels to Watch
MSTR closed Friday up 16.39% at $153.92, breaking decisively above its descending trendline from the May $199 high and reclaiming the 200-day EMA at $152.12 for the first time since the peak.
Monday’s trading extends the move to $167.25, up another 8.6% at the time of publication, confirming follow-through rather than a fade.
Key levels for MSTR:
- $180 — May consolidation zone, next major test
- $152.12 — 200-day EMA, Friday’s breakout level
Read Also: Coinbase Stock Climbs Monday as Bitcoin Surges Past $85,000
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