Michael Saylor's Strategy Goes 3 Weeks Without Touching Bitcoin Stash, Keeps Buying STRC Stock
Michael Saylor's Strategy (MSTR) held its Bitcoin (BTC) holdings steady at 845,050 coins, with a cost basis of $63.73 billion, while continuing to repurchase STRC preferred stock. The company spent $139.3 million on buybacks last week, reducing its flexible USD Cash pool to $1.30 billion. MSTR stock rose 0.8% in pre-market trading. Bitcoin's price increased 1.3% to $77,700, with investors watching for a potential breach of $80,000 ahead of the FOMC meeting.
How this was made

The 30-second read
Why it matters
The 8‑K filing provides fresh data on MSTR's balance sheet and capital allocation, informing investors of ongoing buyback program.
Market read
MSTR's actions combine crypto exposure with shareholder returns, making it a focal point for both tech and crypto‑focused traders.
What to watch
Potential impact of upcoming FOMC decision on Bitcoin price could affect MSTR valuation.
Background
MicroStrategy regularly reports its Bitcoin holdings and preferred‑stock buybacks; this filing updates recent activity.
Ticker impact
MSTR disclosed via 8‑K that its Bitcoin holdings stayed at ~845,050 BTC and it repurchased 1.42 million STRC preferred shares for $139.3 M, marking a third consecutive week of buybacks.
Expect modest upside, 1‑2% intraday gain.
Large‑scale buyback and unchanged Bitcoin stash reduce cash drag, reinforcing bullish sentiment.
Market effects
Highlights continued corporate use of crypto holdings, may influence other tech firms' balance sheet strategies.
US market sees slight uplift in crypto‑exposed stocks.
Signals ongoing institutional confidence in Bitcoin, relevant for global crypto markets.
Counterpoint
Buybacks may mask underlying cash depletion and rising debt, suggesting caution.
Key entities
- companyMicroStrategy
US-listed business intelligence firm holding Bitcoin and issuing preferred stock
- securitySTRC
MicroStrategy's preferred stock being repurchased
- cryptoBitcoin
Digital asset held by MicroStrategy

