Strategy (NASDAQ:MSTR) purchased 22,337 Bitcoin (CRYPTO: BTC) for $1.57 billion last week at an average price of $70,194 per coin, the company’s fifth-largest weekly purchase ever, as MSTR surged 4% in premarket.

The $1.57B Bitcoin Purchase

Executive Chairman Michael Saylor announced the acquisition, bringing total holdings to 761,068 coins acquired for $57.61 billion, or an average of $75,696 per coin. 

The firm funded most of the purchase through $1.1 billion in STRC series preferred stock sales and $396 million in common stock sales.

Michael Saylor hinted at the purchase Sunday with an X post reading “Stretch the Orange Dots,” the eleventh such hint shared in 2026. This pattern typically precedes Strategy Bitcoin purchase announcements.

The $1.57 billion buy follows Strategy’s acquisition of 17,994 BTC between March 2-8 for about $1.28 billion at an average price of $70,946. 

The consecutive large purchases demonstrate Saylor’s continued conviction despite Bitcoin trading more than 40% below its $128,000 October highs.

MSTR Tests Critical $145-$150 Resistance

MSTR closed Friday at $139.67 and is up 4% in premarket. 

The Supertrend flipped bullish at $127.65 and price sits comfortably above it, a positive sign for the short-term trend.

Meanwhile, the descending trendline from November highs comes in right around $145-$150, exactly where premarket price is pushing. 

This trendline has capped every rally for the past four months. Breaking above $150 and holding would be the first time the long-term downtrend structure is broken.

Additionally, RSI sits at 53.94, basically neutral territory with plenty of room for momentum to build before hitting overbought conditions. 

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