Leverage-induced volatility highlights the risks in Bitcoin trading, emphasizing the need for cautious positioning and monitoring market signals. Bitcoin slips below $83,000, wiping out nearly $42 million in longs before the US open.
Bitcoin was at $83,178 15 minutes earlier and was down 0.73% over the previous hour.
Strategy repurchases $192.4M in STRC shares and buys 250 BTC for $21.5M, lifting Bitcoin holdings to 848,250 BTC with $5.5B in dollar assets.
All recorded liquidations involved long positions as Bitcoin fell from $83,364 to $82,755, a 0.73% decline.
The payment is scheduled for Oct. 16, with Oct. 13 set as both the record and ex-dividend date.
The purchase lifts Strategy's holdings to 848,250 BTC and follows a $176 million repurchase of STRC preferred stock the week before.
Bitcoin was priced at 82,981.7 USDT at 8:35 a.m. ET (12:35 UTC) Monday.
Bitcoin traded at 82,991.19 USDT after moving below the 83,000 USDT threshold Monday.
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $71 billion.
The company acquired 250 BTC at an average price of $86,194, bringing its holdings to 848,250 BTC as of Oct. 11.
Michael Saylor's Strategy has expanded its bitcoin treasury to 848,250 BTC after acquiring another 250 BTC for approximately $21.5 million. The purchase, disclosed Monday, Oct. 12, 2026, followed Saylor's Sunday teaser about adding more bitcoin. Strategy also repurchased $192.4 million of its STRC preferred stock, while its combined U.S.
This acquisition strengthens Strategy's influence in the crypto market, potentially impacting Bitcoin's price stability and corporate adoption. Strategy adds 250 Bitcoin to lift holdings to 848,250 BTC.