STRC is a separate class of stock with its own dividend terms. Buying it back does not directly reduce the number of MSTR common shares.
Strategy sold 125,183 MSTR shares for $21 million [after commissions]. This covered the cost of the Bitcoins. The remaining $500,000 came from the cash holdings. The common share will increase the supply/demand ratio and affect existing shareholders.
The additional Bitcoin brought Strategy’s holdings to 848,250 $BTC. Its total acquisition cost stood at about $64 billion, averaging $75,444 per coin, including fees and expenses.
MSTR approaches a nearby support area
At the time of this writing, MSTR traded at around $151.07, down 2.12% from its previous close.
It had reached $158.40 earlier but was trading close to its $150.88 session low. That drop in price follows a broader pullback from its recent highs around the $170 price area.
The immediate area to watch is the $147–$150 price area, where recent candles have found support. Holding there would allow for it to stabilize.
A move back above the $158–$160 price areas would improve the short-term picture, but the recent highs around the $166–$170 price area remain another hurdle.
If MSTR falls below nearby support and fails to recover, attention could shift toward the $134–$138 price zones.
For now, the chart shows that the recent recovery is losing strength.
Final Summary
- Strategy bought 250 $BTC and repurchased STRC preferred shares.
- MSTR approached $150 support. If it recovers the $158–$160 price areas, it would strengthen its short-term outlook.
