Strategy (NASDAQ:MSTR) bought 1,665 Bitcoin (CRYPTO: BTC) for $142.7 million last week, its second straight weekly purchase, after Michael Saylor’s Sunday “Even more orange” post.

What the Filing Shows

According to a Monday 8-K filing, Strategy bought the Bitcoin between Sept. 21 and Sept. 27 at an average of $85,681 per coin. 

Total holdings now stand at 847,666 BTC, acquired for $63.95 billion at an average of $75,437 per coin.

Unlike recent weeks, Strategy funded the buy by selling stock. It sold 1.47 million MSTR shares through its at-the-market program for $246.2 million in net proceeds, then split the money:

• $142.7 million — Bitcoin purchase
• $103.5 million — STRC preferred share buybacks

Strategy also repurchased 1.53 million STRC shares for $151.7 million in total, covering the remaining $48.1 million from its cash balance. 

The USD reserve holds $5.02 billion, plus $1 billion in additional cash, after $22.1 million went to preferred dividends. 

Strategy has $723.5 million left for preferred repurchases and $1 billion authorized for MSTR buybacks.

Why This Second Purchase Matters

As Benzinga reported Sept. 21, Strategy bought 950 BTC for $75.7 million the week before, ending a stretch of skipped weeks. 

Together, the two purchases total 2,615 BTC for $218.4 million. The shift back to stock sales for funding also marks a change from last week’s buy, which came from the USD reserve.

Saylor’s Sunday post followed the usual pattern, as similar tracker posts have typically preceded Monday purchase announcements.

MSTR Price Analysis: Key Levels to Watch

MSTR closed Friday at $158.61, down 1.86%, cooling off after reclaiming the 200-day EMA at $152.68 and breaking the descending trendline from May’s highs. 

Premarket sits near $157.43, a mild 0.5% dip. The SAR at $133.46 stays well below price, so the uptrend remains intact.

Key levels for MSTR:

• $169.52 — recent swing high, resistance above
• $152.68 — 200-day EMA, key support

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