Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic.
Strategy acquired 250 bitcoin for $21.5 million last week, while spending $192.4 million repurchasing its variable-rate preferred stock, STRC.
The bitcoin purchases, made between Oct. 5 and Oct. 11 at an average price of $86,194 per coin, brought its total holdings to 848,250 BTC. Strategy has spent approximately $64 billion at an average cost of $75,444 per bitcoin.
The company funded the purchases with $21 million in net proceeds from selling 125,183 MSTR shares through its at-the-market (ATM) offering program, alongside $500,000 from its cash balance.
Strategy also repurchased approximately 1.93 million STRC shares, leaving $354.8 million available under its preferred stock repurchase program.
MSTR shares are up 1% pre-market
Markets are making a cautious start to the week, with bitcoin trading just above $83,000 and gold around $4,180 an ounce, both down roughly -0.5%. Tech futures are slightly lower, while WTI crude is edging higher above $92 a barrel. Bond yields are also ticking up as bond prices fall, following a brief recovery in the second half of last week that saw TLT, the long-dated U.S. Treasury ETF, gain more than 2%. The dollar remains firm, with the DXY index above 102.4.
S. inflation report is the week’s key macroeconomic event. 7%, which would mark a reacceleration from the previous month.
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