Strategy returns to bitcoin buys, adding $75 million of BTC last week
It's the first week of bitcoin purchases for Strategy in about three weeks.
Strategy MSTR$165.48·Market Closed made its first bitcoin purchase since late August, acquiring 950 BTC for $75.7 million last week at an average price of $79,670 per coin.
The purchase was funded through the USD reserve, according to a Monday morning regulatory filing. Strategy used $174 million of USD cash to fund repurchases of STRC and $75.7 million of USD cash to buy bitcoin. In addition, the company used $57.4 million of the USD reserve to fund the payment of dividends on its preferred stock. The USD reserve now sits at $5 billion and the USD cash sits at $1 billion.
Led by Executive Chairman Michael Saylor, Strategy now holds 846,000 BTC, acquired for a total of $63.81 billion at an average price of $74,417 per coin.
MSTR shares rose 7% in pre-market trading as bitcoin climbed to $84,500, gaining 4.5% over the past 24 hours.
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Asanat Analysis — Why it matters
Strategy's resumption of bitcoin purchases after a three-week pause signals renewed confidence in BTC at current price levels, though the $75M weekly allocation is modest relative to institutional inflows seen during previous bull-market phases. The timing matters: this suggests conviction despite recent volatility or macro uncertainty that prompted the earlier buying freeze.
Buying pauses by large holders like Strategy often precede either capitulation (selling ahead) or accumulation windows. A return to consistent purchases indicates the latter—a signal that institutional players view current valuations as attractive. This typically correlates with bottoming patterns in asset-class cycles, though individual buyer conviction doesn't guarantee broader market direction.
The regularity of Strategy's purchases matters more than any single week's volume. Institutional capital returning to disciplined accumulation schedules (weekly tranches) versus event-driven buying suggests longer conviction horizons and reduced fear-driven decision-making—a structural indicator watched by derivative traders and fund managers modeling institutional demand floors.