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Strategy Inc.(NASDAQ:MSTR) skipped Bitcoin(CRYPTO: BTC) purchases for a second consecutive week between Sept. 8 and Sept. 13, using $139.3 million instead to buy back preferred stock.
What the Filing Shows
According to a Monday SEC filing, Strategy’s Bitcoin holdings remain unchanged at 845,050 BTC acquired at an average price of roughly $75,412 per coin.
The company spent $139.3 million of its USD cash repurchasing 1.42 million shares of its STRC(NASDAQ:STRC), with no purchases of STRF, STRK, STRD, or MSTR shares during the period.
Strategy still has $1.05 billion remaining under its digital credit securities repurchase program and $1 billion available for MSTR common stock buybacks.
The USD reserve holds steady at $5.10 billion, while the additional cash balance dropped to $1.30 billion from $1.44 billion the prior week following the STRC repurchases.
Why Two Straight Weeks Without Bitcoin Matters
As Benzinga reported last week, Strategy ended a two-month Bitcoin drought on Aug. 31 when Saylor posted “We’re Back” on X, buying 4,603 BTC for $370 million at an average of $80,382 per coin.
That single purchase brought net leverage to zero and looked like the start of renewed accumulation.
Two weeks later with no follow-through and no weekend orange-dot post from Saylor, the pattern from the summer months is starting to look familiar again.
The priority right now is clearly getting STRC back toward par at $100. Strategy has now repurchased $176.3 million of STRC over the past two weeks, drawing down its flexible cash pool rather than deploying capital into Bitcoin. Until STRC stabilizes, fresh Bitcoin purchases look unlikely.
MSTR Price Analysis: Key Levels to Watch
MSTR holds at $132 Monday, pulling back from a recent high of $146 while staying above the Bull Market Support Band at $124.45 to $125.13.
The 20-day and 100-day EMAs are converging tightly at that same support zone, forming a key confluence level to watch. Premarket strength at $132.39 suggests the pullback has found near-term buyers.
Key levels for MSTR:
- $146 — recent swing high, resistance above
- $117.04 — 50-day EMA, deeper support if band breaks
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Source: www.benzinga.com
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