--- title: "Strategy Adds 250 Bitcoin: Can MSTR Break Through $160?" type: "News" locale: "en" url: "https://longbridge.com/en/news/301596787.md" description: "Strategy purchased 250 Bitcoin for $21.5 million, raising total holdings to 848,250 BTC. The company funded the acquisition by selling shares and using cash reserves. Meanwhile, MSTR stock tests resistance at $158 amid technical analysis suggesting potential upside if key trendlines are broken." datetime: "2026-10-12T13:28:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301596787.md) - [en](https://longbridge.com/en/news/301596787.md) - [zh-HK](https://longbridge.com/zh-HK/news/301596787.md) generator: "portal-rs" --- # Strategy Adds 250 Bitcoin: Can MSTR Break Through $160? **Strategy** (NASDAQ:MSTR) bought 250 **Bitcoin** (CRYPTO: BTC) for $21.5 million last week, extending its buying streak even as the stock tests a key resistance level. ### What the Filing Shows Strategy disclosed in a Monday filing that it purchased the Bitcoin between Oct. 5 and Oct. 11 at an average price of $86,194 per coin.  The company funded the buy by selling 125,183 MSTR shares through its at-the-market program, covering the remaining $500,000 from its cash balance. Total holdings now stand at 848,250 BTC, acquired for roughly $64 billion at an average price of $75,444 per coin. The company also moved on its preferred stock during the same week: - **STRC** (NASDAQ:STRC): repurchased 1.93 million shares for $192.4 million - STRF, STRK, STRD, MSTR: no buybacks executed - Remaining capacity: $354.8 million left under the preferred-stock repurchase program, $1 billion authorized for future MSTR buybacks ### Reserves Stay Deep Despite the Spending As of Oct. 11, Strategy held $4.88 billion in its US dollar reserve and $640.5 million in additional cash.  That reserve funds preferred dividends and debt interest, while the separate cash pool covers bitcoin purchases, reserve top-ups, and other capital management needs. Strategy Executive Chairman **Michael Saylor** posted on X Sunday that “there’s always room for more orange,” sharing the company’s tracker chart just one day before Monday’s official announcement.  ### Where MSTR Stands Technically MSTR trades flat in premarket Monday at $155, barely above Friday’s close of $154.34. Price sits right at the long descending trendline from January’s $240 high, a level that’s capped every rally attempt since the stock bottomed near $82 in July. The 20-day EMA at $152 and 200-day EMA at $153 sit just below current levels, while the 50-day and 100-day EMAs at $138 and $134 confirm the broader bullish structure remains intact.  RSI reads 55.38, below its signal line at 61.90, leaving room for the stock to extend higher if it clears the trendline. #### Key levels for MSTR: - $158: descending trendline, the level to watch for a breakout - $153: 200-day EMA, first support below current price *Photo via Shutterstock* **Read Also: Peter Schiff 'Suprised' by Bitcoin’s Resilience but Expects New Lows** ### Related Stocks - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [IMST.US](https://longbridge.com/en/quote/IMST.US.md) - [MSDD.US](https://longbridge.com/en/quote/MSDD.US.md) - [MSOO.US](https://longbridge.com/en/quote/MSOO.US.md) - [MSR.US](https://longbridge.com/en/quote/MSR.US.md) - [MSST.US](https://longbridge.com/en/quote/MSST.US.md) - [MST.US](https://longbridge.com/en/quote/MST.US.md) - [MSTC.US](https://longbridge.com/en/quote/MSTC.US.md) - [MSTK.US](https://longbridge.com/en/quote/MSTK.US.md) - [MSTP.US](https://longbridge.com/en/quote/MSTP.US.md) - [MSTU.US](https://longbridge.com/en/quote/MSTU.US.md) - [MSTW.US](https://longbridge.com/en/quote/MSTW.US.md) - [MSTX.US](https://longbridge.com/en/quote/MSTX.US.md) - [MSTY.US](https://longbridge.com/en/quote/MSTY.US.md) - [MSTZ.US](https://longbridge.com/en/quote/MSTZ.US.md) - [MTYY.US](https://longbridge.com/en/quote/MTYY.US.md) - [SMST.US](https://longbridge.com/en/quote/SMST.US.md) - [WNTR.US](https://longbridge.com/en/quote/WNTR.US.md) - [07799.HK](https://longbridge.com/en/quote/07799.HK.md) - [09399.HK](https://longbridge.com/en/quote/09399.HK.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) ## Related News & Research - [Michael Saylor’s Strategy Continues Bitcoin-Buying Spree, Adds $22,000,000 Worth of BTC](https://longbridge.com/en/news/301621800.md) - [Barclays raises Strategy price target to $175, keeps buy rating](https://longbridge.com/en/news/301394222.md) - [MSTR stock tests $150 as Strategy adds 250 BTC and buys back $192M in STRC](https://longbridge.com/en/news/301627244.md) - [Strategy Stock Forecast: 848,000 BTC and $20.9 Billion Q3 Gain Put Capital Structure in Focus](https://longbridge.com/en/news/301046073.md) - [Fidelity's reported $197M Bitcoin sale has no confirmation behind it](https://longbridge.com/en/news/301347842.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**