Strategy Expands Bitcoin Holdings to 640,418 BTC With Latest Purchase
The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred shares and common stock

What to know:
- Strategy purchased purchased 168 BTC at an average price of $112,051, bringing total holdings to 640,418 BTC.
- MSTR shares rise 3% in pre-market trading, trading just below $300 per share.
- The stock remains negative on a year-to-date basis, compared to bitcoin's 19% gain.
Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, purchased 168 BTC at an average price of $112,051, according to a filing on Monday.
The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred shares and common stock.
This latest purchase brings MSTR’s total bitcoin holdings to 640,418 BTC ($71 billion), with an overall average acquisition price of around $74,010.
BTC climbed to over $115,000 on Oct. 13 but fell as low as $103,500 on Oct. 17.
Bitcoin’s has seen a recent rebound to $111,000 on Monday, helping MSTR shares to a 3% gain in pre-market trading, just below $300 per share. However, the stock remains negative on a year-to-date basis, compared to bitcoin's 19% gain.
The MSTR/BlackRock iShares Trust (IBIT) ratio currently stands at 4.74, its lowest level since October 2024. This highlights how the IBIT ETF has outperformed MSTR over the past 12 months, as the ratio previously hit an all-time high of 8.0 in November 2024.

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Bitcoin’s long-term rally is ‘broken’ until it reclaims $85,000, Deribit executive says

A bitcoin price drop to $58,000 could reignite buying momentum.
What to know:
- Bitcoin's long-term rally is "broken" and will remain so until the price climbs above $85,000, said Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit.
- Péquignot said that if bitcoin closes below the key $60,000 support level, the next likely target is its 200-week simple moving average near $58,000.
- The cryptocurrency has been trading between $60,000 and $70,000 for about a week.









