Strategy Buys 1,665 Bitcoin for $142.7M as Saylor Promises 'Even More Orange'

Strategy bought 1,665 Bitcoin for $142.7 million last week, its second straight weekly purchase, after Michael Saylor’s Sunday “Even more orange” post.What the Filing ShowsAccording 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 buybacksStrategy 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 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.benzinga-widget#bz-embed-widget-block_a6d71949f4aa7a0ac8736241092cc470 iframe.w-full {width: 100%; }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 supportPhoto via Shutterstock Read Also: