MicroStrategy Buys 4,603 Bitcoin for $370M After Stock Sale

MicroStrategy (MSTR) has expanded its corporate bitcoin treasury, acquiring an additional 4,603 bitcoins for approximately $369.7 million. The purchase was primarily funded by the recent sale of company stock, boosting its total cryptocurrency holdings to 845,050 bitcoin, according to a company statement.

Stock Sale and Use of Proceeds

The company disclosed that it sold 4,531,421 shares of its Class A Common Stock between August 24 and August 30, 2026. The sales, conducted through its at-the-market (ATM) offering program, generated net proceeds of $602.8 million.

Beyond the bitcoin acquisition, the proceeds were allocated to several other corporate purposes:

• $151.8 million was used to repurchase 1,557,177 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
• $50.7 million funded dividend payments on its STRC stock.
• $30.0 million was added to the company’s USD cash liquidity account.

Updated Bitcoin Holdings

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With this latest acquisition, MicroStrategy's total bitcoin holdings stood at 845,050 BTC as of August 30, 2026. The company reported the aggregate cost for its entire treasury is $63.73 billion, which reflects an average purchase price of $75,412 per coin.

The new coins were acquired at an average price of approximately $80,318 each, inclusive of fees and expenses. This purchase price is higher than the company's overall average cost basis for its entire bitcoin stack.

Corporate Financial Position

The filing also provided an update on the company's balance sheet and capital programs. As of August 30, MicroStrategy reported a USD Reserve balance of $5.10 billion and a USD Cash balance of $1.61 billion.

The company retains significant flexibility for future capital allocation, with approximately $19.09 billion in issuance capacity remaining under its common stock ATM program. A separate $1.0 billion repurchase program for its MSTR stock remained fully unused during the period.