Strategy Inc. Resumes Bitcoin Purchases, Acquires 4,603 BTC for $369.7 Million

Strategy Inc. has resumed its Bitcoin acquisition strategy, purchasing 4,603 BTC for $369.7 million in the last week of August. The move, disclosed in a regulatory filing on Monday, ends an unprecedented ten-week period of selling by the world's largest corporate holder of the cryptocurrency.

Details of the Acquisition

According to the company's Form 8-K filed with the U.S. Securities and Exchange Commission, the purchases were made between August 24 and August 30. Strategy Inc. paid an average price of $80,318 per coin, a slight premium to Bitcoin's recent trading price of around $78,280, as cited in the report.

The acquisition was funded through recent at-the-market sales of its Class A common stock, which raised a total of $602.8 million. Following the purchase, the company's balance sheet reflects:

• Total Holdings: 845,050 BTC
• Total Cost Basis: $63.73 billion
• Blended Average Price: $75,412 per coin

Reversing a Recent Shift in Strategy

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This latest purchase marks a significant reversal from the company's recent activity. The move follows a ten-week streak during which Strategy Inc. sold 6,948 BTC for $432.5 million. Those sales, the first in the company's history, were authorized to fund preferred-stock dividends and share repurchases.

While analysts noted the sales were small relative to daily market volumes, the decision by the famously bullish company to sell its primary asset created a persistent bearish talking point and psychological overhang for investors. The return to buying was telegraphed by Executive Chairman Michael Saylor, who posted "We’re ₿ack" to social media over the weekend.

Market Reaction

Investors reacted positively to the news, with shares of Strategy Inc. (NASDAQ: MSTR) rising between 1% and 2% in pre-market trading on Monday. By resuming its accumulation strategy, the company has moved to clear the narrative uncertainty that its recent sales had introduced to the market, reaffirming its core corporate focus on Bitcoin.