Strategy Resumes Bitcoin Buying, Purchases 4,603 BTC for $369.7 Million

Strategy is buying Bitcoin again. The company formerly known as MicroStrategy disclosed in a filing that it purchased 4,603 BTC for $369.7 million at an average price of $80,318 per coin, ending a roughly ten-week pause that had stretched back to late June — its longest stretch on the sidelines since it adopted a Bitcoin treasury strategy.

The filing covers the period between August 24 and August 30 and lays out exactly how the company funded the purchase. Strategy sold 4,531,421 shares of its common stock for net proceeds of $602.8 million, then split that capital four ways: $369.7 million went into Bitcoin, $151.8 million was used to repurchase shares of its STRC preferred stock, $50.7 million funded STRC dividend payments, and the remaining $30.0 million was added to the company’s USD cash reserves.

With the purchase, Strategy’s total holdings rise to 845,050 BTC, acquired for an aggregate cost of roughly $63.73 billion at an average price of $75,412 per coin. That makes the company by far the largest corporate holder of Bitcoin, a position it built by consistently issuing equity and debt to fund purchases through multiple market cycles.

The purchase follows weeks of anticipation that built after Executive Chairman Michael Saylor posted “We’re ₿ack” on X on August 31, a phrase widely read across crypto markets as a signal that a new purchase was imminent given his history of using short, cryptic posts ahead of buying announcements. That earlier signal was itself a talking point, with Saylor pointing to covered debt obligations and STRC trading near par as reasons the company was positioned to resume accumulating. Tuesday’s filing confirms the purchase actually happened, with concrete numbers behind it: size, price, and timing all now on the record rather than implied.

The ten-week gap itself was notable given Strategy’s usual cadence of near-weekly buys. During the pause, the company prioritized shoring up cash reserves and supporting its growing lineup of preferred stock products — STRC, STRK, STRF, and STRD — rather than adding to its BTC position, even as it continued servicing dividend obligations tied to those instruments. Resuming purchases now, funded partly through fresh equity issuance, signals the company sees its capital position as stable enough to return to accumulation mode while still funding preferred shareholder obligations in parallel.

Markets will be watching whether this purchase marks a return to Strategy’s earlier weekly buying rhythm or remains an isolated move tied to a specific capital-raising window. Either way, at 845,050 BTC, the company now holds north of 4% of Bitcoin’s eventual 21 million coin supply.

Bitcoin and MSTR shares are both highly volatile; corporate treasury strategies built on leverage and equity issuance carry risks distinct from simply holding the underlying asset. This is not financial advice. Readers wanting a primer on corporate Bitcoin treasury strategies can start at coin680’s Bitcoin Academy.