Strategy resumes Bitcoin buying with $370 million purchase

Strategy acquired 4,603 bitcoin (BBTC$78,409.00▲1.24%) for approximately $369.7 million between August 24 and August 30, according to The Block’s report. The purchase is the company’s first corporate Bitcoin acquisition since June and brings its total holdings to 845,050 BTC.

The latest coins cost an average of $80,318 each. Bitcoin was listed at $79,007 on CoinGecko at publication, putting the reported spot price below Strategy’s latest entry price by $1,311, or about 1.6%. That comparison is a snapshot rather than evidence of why the company bought.

The purchase also reverses a recent stretch in which Strategy had trimmed or held its Bitcoin position steady. The company last acquired Bitcoin in mid-June, when it bought 1,587 BTC for roughly $100 million. The new purchase is 3,016 BTC larger, or about 2.9 times the size of that June acquisition.

The price gap against Strategy’s summer sales is wider. Strategy sold 6,948 BTC between May and August for roughly $432.5 million, at an average of about $62,250 per coin, according to Decrypt. Using the reported averages, the latest purchase price carries a 29.02% premium: ($80,318 − $62,250) ÷ $62,250 × 100. On these numbers, the desk’s read is a renewed bullish stance from the largest corporate Bitcoin holder after its period of relative inactivity.

Michael Saylor, Strategy’s co-founder and Executive Chairman, posted “We’re back” and “paint the bears orange” alongside the announcement. The language is consistent with a return to active accumulation, while the transaction itself provides the harder measure: $369.7 million deployed for 4,603 BTC.

Strategy sold 4,531,421 MSTR shares through its at-the-market offering program, raising $602.8 million. It then allocated $151.8 million to repurchase 1,557,177 shares of STRC preferred stock and $50.7 million to STRC dividends.

The remaining balance sheet figures show the purchase was made alongside substantial dollar reserves. Strategy added $30 million to its USD Cash account, bringing it to $1.61 billion as of August 30. Its USD Reserve stood at $5.1 billion on the same date, for combined USD assets of $6.71 billion and reported net leverage of 0.0%.

For MSTR shareholders, the immediate consequence is a larger Bitcoin-linked treasury funded partly through the sale of 4.53 million common shares. They now have exposure to 845,050 BTC held by Strategy, alongside the effects of the company’s preferred-stock repurchases and dividends. For Bitcoin markets, the disclosed buying adds a $369.7 million corporate demand event, though the fact sheet does not establish any resulting price impact.

Strategy’s total Bitcoin cost is approximately $63.73 billion, including fees and expenses. Its average cost across the full 845,050 BTC stack is $75,412 per coin, meaning the latest purchase was made $4,906 above the portfolio average, or roughly 6.5% higher.

Bitcoin gained about 1% last week and more than 25% over the last month, while MSTR gained 6.3% and closed Friday at $127.31. Those moves provide market context; the documented change for Strategy is the August 24–30 purchase and the holdings total recorded by August 30.