Strategy Inc. (NASDAQ:MSTR) disclosed it sold $2.1 billion worth of stock between January 12-19 and converted it straight into 22,305 Bitcoin (CRYPTO: BTC), validating chairman Michael Saylor’s ‘Bigger Orange' teaser.

The Buy Details Show Aggressive Execution

Strategy Inc. announced the purchase on Monday, at an average price was $95,284 per Bitcoin—notably higher than the company’s historical average and about 25% above its overall cost basis.

That premium signals Strategy is willing to buy Bitcoin at elevated prices rather than wait for dips, continuing the strategy that’s defined the company since 2020.

Strategy Now Holds 709,715 BTC

As of January 19, Strategy’s total Bitcoin holdings reached 709,715 BTC—one of the largest corporate Bitcoin treasuries in the world.

The company has spent a cumulative $53.92 billion acquiring these holdings, with an average purchase price of $75,979 per bitcoin across all acquisitions.

The three January purchases alone total over $2.5 billion:

• January 4: 1,283 BTC for $115.97 million
• January 11: 13,627 BTC for $1.25 billion
• January 12-19: 22,305 BTC for $2.13 billion

Saylor Called It On Saturday

Saylor posted a “Bigger Orange” message on X Saturday, showing a chart of Bitcoin (CRYPTO: BTC) price movements overlaid with Strategy’s purchase timing.

The cryptic posts have become Saylor’s signature way of telegraphing incoming Bitcoin buys, and the pattern held again. 

Just a day after the tease, the company filed its 8-K confirming the massive capital raise and Bitcoin purchase.

How Strategy Raised $2.1B In One Week

The company sold two different securities to fund the purchase.

Strategy offloaded approximately 2.95 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC), generating net proceeds of $294.3 million.

The larger sale came from Class A common stock. The company sold over 10.4 million shares of MSTR, bringing in $1.83 billion after fees and commissions.

Combined, the stock sales raised approximately $2.125 billion, which the company immediately converted into Bitcoin.

Chart Shows Potential Double Bottom Forming

MSTR is down 7% to $160—right at the critical support zone that’s been tested repeatedly.

The stock collapsed over 60% from July’s $473 peak but appears to be forming a double-bottom reversal pattern around current levels.

MSTR still trades below all major moving averages: 20-day at $168.01, 50-day at $191.09, 100-day at $233.53, and 200-day at $268.57. 

Moreover, the Supertrend indicator sits at $181.47, marking the first major resistance.

Key levels

• First resistance: $181.47 (Supertrend)
• Major resistance: $191.09 (50-day), then $200 psychological level
• Breakdown trigger: Loss of $164.90 opens $150-155, potentially $120-130

The higher lows since December suggest selling pressure may be exhausting, but MSTR needs to reclaim $181 and break the Supertrend to confirm a trend change.

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