Strategy has resumed its aggressive Bitcoin accumulation strategy, purchasing 4,603 BTC for approximately $369.7 million between August 24 and August 30. The acquisition marks the company’s first reported Bitcoin purchase in roughly two months and restores momentum to its long-running digital asset strategy.
The company paid an average of $80,318 for each Bitcoin, including fees and expenses. The latest purchase lifts Strategy’s total Bitcoin holdings to 845,050 BTC as of August 30. The company has spent approximately $63.73 billion acquiring its Bitcoin holdings, with an average cost of about $75,412 per coin.
Strategy Funds Purchase Through Stock Sales
Strategy financed the latest Bitcoin purchase through its at-the-market common stock offering. During the week, the company sold 4,531,421 shares of Class A common stock and generated $602.8 million in net proceeds.
The company allocated those proceeds across several balance-sheet priorities:
- $369.7 million went toward the Bitcoin purchase.
- $151.8 million funded repurchases of STRC preferred stock.
- $50.7 million covered STRC dividend payments.
- $30 million increased the company’s USD Cash balance.
The funding approach allows Strategy to expand its Bitcoin holdings while also supporting its preferred-stock obligations and liquidity position.
A More Flexible Balance Sheet
The latest purchase comes after Strategy spent much of the summer strengthening its cash position. The company reported $5.10 billion in its USD Reserve and $1.61 billion in USD Cash, giving it approximately $6.71 billion in dollar-denominated assets.
Strategy’s return to Bitcoin buying also comes as the cryptocurrency market has recovered from its summer lows. Bitcoin recently climbed above $80,000 before pulling back, creating a more favorable backdrop for renewed institutional accumulation.
The size of the latest purchase is smaller than some of Strategy’s earlier acquisitions. However, the transaction is significant because it ends a lengthy buying pause and signals that the company remains committed to its Bitcoin treasury strategy. Whether the purchase marks the beginning of another sustained accumulation cycle will depend on Bitcoin prices, capital-market conditions and Strategy’s future liquidity needs.
