On September 30, Strategy rose 3.19% in pre-market trading, trading at approximately $160.18 per share, with turnover of $93.14 million.
On the news front, Strategy disclosed on September 28 that it acquired 1,666 BTC in the prior week, lifting its total holdings to a record 847,666 BTC. The purchase marks two consecutive weeks of accumulation and formally ends a three-month buying hiatus, extending the company's streak of net BTC additions to 24 consecutive quarters. Concurrently, the company spent $151.7 million repurchasing STRC preferred stock and proposed shifting to daily dividend payments to stabilize its price. A previously flagged on-chain transfer of 3,568 BTC was clarified by Arkham analysts as a routine internal rebalancing within Fidelity's custodial system rather than a sale, alleviating market concerns over potential liquidation.
Separately, founder Michael Saylor elaborated on the firm's dual-product capital structure, positioning MSTR as leveraged Bitcoin equity exposure and STRC as a lower-volatility, dollar-yield digital credit instrument. Analyst coverage remains constructive, with B. Riley recently raising its price target to $195 and maintaining a Buy rating, while the consensus target stands at $234.11.
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