– Strategy buys 220 BTC for $27.1M amid market dip, lifting total holdings to 640,250 BTC worth $47.38B
– Purchase funded through STRF, STRD, and STRK share sales totaling $27.3M
Michael Saylor’s company, Strategy (NASDAQ: $MSTR ), has resumed its weekly Bitcoin (CRYPTO: $BTC ) accumulation, acquiring 220 BTC between October 6 and 12 for approximately $27.1 million. The purchase occurred during a market downturn that saw Bitcoin’s price drop to $104,000 following U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports, effective November 1. According to the company’s statement, the new batch was purchased at an average price of $123,561 per Bitcoin.
This marks Strategy’s first purchase in two weeks after pausing its regular buying streak. The firm now holds a total of 640,250 BTC, valued at $47.38 billion, with an average acquisition cost of $74,000 per Bitcoin. Strategy’s year-to-date Bitcoin yield stands at 25.9%, according to company data.
Financing Through Equity Sales
The acquisition was funded through the sale of several equity assets. Strategy sold $19.8 million worth of STRF shares, $5.8 million of STRD shares, and $1.7 million of STRK shares to finance the Bitcoin purchase. These transactions were completed in the same week, aligning with the firm’s ongoing strategy of using equity proceeds to expand its Bitcoin portfolio.
A day before the announcement, Michael Saylor hinted at the purchase through a post on social media, sharing the company’s Bitcoin tracker with the caption “Don’t Stop ₿elievin’.” The post came before the official disclosure of the purchase amount and transaction details.
https://x.com/saylor/status/1977356507894210979
Stock Performance Remains Flat
Despite the new Bitcoin purchase, Strategy’s stock performance has shown little movement. TradingView data indicates that MSTR shares were trading near $307 in premarket hours, representing a marginal 1% increase from the previous week’s closing price of $304. The stock has dropped 13% over the past five trading days and remains well below its 2025 peak of $455, erasing most of its earlier gains.
However, before the temporary pause, Strategy had completed nine consecutive weeks of Bitcoin acquisitions, starting in July when it purchased 21,021 BTC for $2.46 billion, its largest purchase of the year.
