TLDR
- Strategy bought 250 BTC for $21.5 million last week at an average price of $86,194 per bitcoin.
- Holdings now total 848,250 BTC, worth about $70.6 billion.
- MSTR closed Friday at $154.34, down 7% for the week and 53% over the past year.
- The company spent $192.4 million repurchasing STRC preferred stock and holds a $4.88 billion USD Reserve.
- TD Cowen kept its $260 price target on MSTR, citing dilution and financial obligations.
Strategy (MSTR) stock closed Friday at $154.34, down 7% for the week. The stock is flat year to date, but it is still down 53% over the past year. MSTR was up less than 1% ahead of Monday’s market open.
The company bought 250 Bitcoin for $21.5 million between Oct. 5 and Oct. 11. That is the second week in a row of smaller purchases. The average price was $86,194 per bitcoin.
Most of the money came from selling common stock. Strategy sold 125,183 MSTR shares for about $21 million. The other $500,000 came from its USD Cash balance.
The company has $18.8 billion worth of MSTR stock left to sell under its at-the-market program. That figure is as of Oct. 11.
Founder Michael Saylor hinted at the buy on Sunday. He posted his usual acquisition tracker chart on X with the caption “There’s always room for more orange.” Posts like that have often come a day before a purchase announcement, though the pattern has been less steady lately.
Strategy has acquired 250 $BTC and repurchased $192M of $STRC. As of 10/11/26, we hold 848,250 BTC and $5.5B of USD Assets. $MSTR https://t.co/hhxR6N95mq
— Michael Saylor (@saylor) October 12, 2026
Holdings and Reserves
Strategy now holds 848,250 BTC, valued at about $70.6 billion. The company paid an average of $75,444 per coin, for a total cost near $64 billion. That puts its paper gain at roughly $6.6 billion.
The holdings equal more than 4% of Bitcoin’s 21 million supply cap. No other public company comes close. Metaplanet is next with 44,000 BTC, followed by Twenty One with 43,514 BTC.
Per Bitcoin Treasuries data, 198 public companies now hold Bitcoin in some form. MARA holds 35,577 BTC. Bitcoin Standard Treasury Company holds 30,021 BTC.
Strategy also kept buying back its STRC preferred stock. It repurchased 1,932,145 shares for about $192.4 million last week. The week before, it spent $176.3 million.
The preferred stock was set to open at $99.68 a share on Monday. That price comes from Yahoo Finance.
The company reported a $4.88 billion USD Reserve as of Sunday. That money supports preferred stock dividends and debt interest payments. Its separate USD Cash balance stood at $640.5 million.
Analyst View and Pace of Buying
TD Cowen raised its Bitcoin forecasts on Thursday but left its $260 price target on Strategy unchanged. The firm said dilution and the company’s financial obligations will likely limit gains for shareholders. The target implies about 70% upside from Friday’s close.
The firm sees Bitcoin near $109,000 by year end. It expects $280,000 by 2029.
Buying has cooled in recent months. Holdings grew just 0.2% in the third quarter. Strategy bought 7,218 BTC and sold 5,553 BTC in that period.
Bitcoin fell 4.5% over the past week. Strategy usually files its purchases with the SEC, which is closed Monday for Columbus Day.
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