Strategy Inc. (NASDAQ:MSTR) bought 1,287 Bitcoin (CRYPTO: BTC) between Dec. 29 and Jan. 4, pushing total holdings to 673,783 BTC.
Strategy sold just under 2 million shares of common stock through its at-the-market program, generating $312 million in net proceeds to fund the Bitcoin purchases.
Between Dec. 29 and Dec. 31, the company sold 1.26 million shares, raising $195.9 million.
From Jan. 1 through Jan. 4, Strategy sold an additional 735,000 shares, generating $116.3 million.
The company purchased 3 BTC at an average price of $88,210 in the final days of December, then added 1,283 BTC at $90,391 in early January.
As of Jan. 4, Strategy’s total bitcoin holdings cost $50.55 billion with an average purchase price of $75,026 per bitcoin.
More than $30 billion of preferred stock issuance capacity and $11.39 billion of common stock capacity remain available under existing ATM authorizations.
Additionally, the company maintains a U.S. dollar reserve of $2.25 billion as of Jan. 4 to support preferred stock dividends and interest payments.
The reserve may be adjusted at management’s discretion based on liquidity and market conditions.
The announcement comes as Bitcoin surged to $93,000 to start the year, currently boasting a year-to-date gain of around 6% amid the U.S.-Venezuela conflict.
MSTR gained 3.43% in the previous session and is extending higher in premarket trade near $163.60 (+4.10%), stabilizing after a brutal 66% drawdown from its July high around $473.
The stock is testing critical support at $160 while trading below all major EMAs: 20 EMA at $167.63, 50 EMA at $211.77, 100 EMA at $248.24, and 200 EMA at $279.26.
The Supertrend at $181.47 represents immediate overhead resistance.
Recent consolidation near $150-$160 and today’s gap-up premarket action hints at potential exhaustion of selling pressure.
Upside targets: Reclaiming $167 (20 EMA) +6% would signal first reversal signs, targeting $181 (Supertrend). Beyond this, $200-$212 (50 EMA) represents major resistance.
Downside risks: Failure below $150 accelerates toward $140, then $120-$130 catastrophic zone (which is 24% down from lower).
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