Bitcoin and gold remained under pressure as a resilient U.S. dollar and rising Treasury yields dampened investor confidence. Separately, Bitcoin miner-turned-AI infrastructure provider IREN reportedly landed a multiyear cloud services contract with Anthropic.
Strategy Adds 250 BTC While Repurchasing STRC Shares
Strategy (MSTR) bought 250 bitcoin for $21.5 million between October 5 and October 11, paying an average of $86,194 per coin. The company also spent $192.4 million repurchasing its variable-rate preferred stock, STRC.
The latest purchases increased Strategy’s Bitcoin treasury to 848,250 BTC. Its cumulative investment now stands at approximately $64 billion, representing an average acquisition price of $75,444 per bitcoin.
Strategy financed the Bitcoin purchases primarily through its at-the-market share-sale program. It generated $21 million in net proceeds from selling 125,183 MSTR shares and contributed another $500,000 from its cash reserves.
The company additionally bought back around 1.93 million STRC shares, leaving $354.8 million available for further repurchases under the preferred-stock buyback program.
MSTR shares gained 1% in premarket trading.
Strong Dollar and Treasury Yields Weigh on Sentiment
Markets opened the week cautiously, with Bitcoin hovering above $83,000 and gold trading near $4,180 an ounce. Both assets declined by approximately 0.5%.
Technology futures moved slightly lower, while WTI crude oil edged above $92 per barrel. Treasury yields climbed as bond prices weakened, reversing some of the recovery seen during the second half of the previous week. During that rebound, the long-duration U.S. Treasury ETF TLT advanced by more than 2%.
The dollar also maintained its strength, with the DXY index trading above 102.4.
Investors are preparing for Wednesday’s U.S. inflation release, which is expected to be the week’s main economic catalyst. Forecasts call for annual core inflation of 2.5% and headline inflation of 3.7%, pointing to a potential acceleration from the previous month.
IREN Expands AI Business With Anthropic Agreement
IREN (IREN), which has been transitioning from Bitcoin mining to AI infrastructure, has reportedly signed a multiyear cloud services agreement with Anthropic, according to The Information.
IREN shares climbed 4% in premarket trading following the report.
