Strategy also repurchased 1.77 million STRC preferred shares for $176.3 million between Sept. 28 and Oct. 4, using $154.1 million in cash and $22.2 million in interest income.
It ended the period with a $4.88 billion dollar reserve and $833.4 million in additional cash.
Strategy’s Third-Quarter Estimates
The company estimated these third-quarter figures:
- Digital-asset gain: $20.91 billion
- Carrying value of holdings: $70.82 billion
- Deferred tax expense: $1.88 billion
How Strive Outbought Its Bigger Rival
Strive disclosed a larger purchase the same morning, buying 2,000 $BTC between Sept. 28 and Oct. 2 at an average of $84,422, about $169 million.
That lifts its holdings to 29,462 $BTC. CEO Matt Cole said 61.5% of the money came from SATA, Strive’s own preferred stock.
Strive also holds 505,000 STRC shares worth $50.2 million, the same preferred stock Strategy is buying back.
, Michael Saylor wrote last week that he wants Strive to succeed.
Why MSTR Swings Harder Than Bitcoin
Strategy’s charts of 30-day historical volatility, which measures how sharply a price moved over the past month, show a wide gap between its assets as of the Oct. 2 close.
Strategy registered 94%, exactly double Meta’s 47% and more than twice Bitcoin’s 39%.
Here is how the other assets compare:
- Meta: 47%
- Tesla: 43%
- Bitcoin: 39%
-
STRC (NASDAQ:): 9%, below the SPDR S&P 500 ETF (NYSE:) at 10%
STRC stays calm because it pays a 12% annual dividend, reset monthly to keep its price near par, according to Strategy’s website.
Saylor called that low volatility a milestone for what he calls Digital Credit, saying Strategy is harnessing Bitcoin’s power while cutting price swings for income investors.
Where MSTR Stands Technically
MSTR closed last week at $160.01, with Monday premarket near $162.91, up about 2%.
The stock sits above its 20-day and 100-day EMAs but remains capped just under the 200-day EMA at $152.89, the key trend-reversal line.
- Resistance: $170
- Support: $156, then $148 (20-day EMA)
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