Strategy Resumes Bitcoin Buying With $369.7 Million Purchase

August 31, 2026 at 05:19 PM2 min

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Strategy Inc. bought $369.7 million of Bitcoin in the week ended Aug. 30, resuming purchases after a 10-week pause. The company also raised $602.8 million through common stock sales and repurchased $151.8 million of preferred shares. The move comes as Bitcoin's rebound toward $80,000 has lifted Strategy's shares and narrowed the gap between its market value and Bitcoin holdings.

Key Facts

Strategy acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318 per bitcoin.
The company now holds 845,050 BTC worth around $66.1 billion, bought at an average price of $75,412 per bitcoin for a total cost of $63.73 billion.
Strategy raised $602.8 million through the sale of 4,531,421 MSTR shares under its at-the-market program.
The firm repurchased 1,557,177 shares of STRC preferred stock for $151.8 million and allocated $50.7 million to STRC dividends.
As of Aug. 30, Strategy's USD Cash account stood at $1.61 billion and its USD Reserve at $5.1 billion.

Bitcoin Accumulation

Strategy Inc. resumed Bitcoin purchases after a 10-week pause, buying $369.7 million of the tokens in the week ended Aug. 30. The Michael Saylor-led firm acquired 4,603 BTC at an average price of $80,318 per bitcoin, according to an 8-K filing with the U.S. Securities and Exchange Commission. Strategy now holds 845,050 BTC worth around $66.1 billion, bought at an average price of $75,412 per bitcoin for a total cost of $63.73 billion including fees and expenses. The holdings represent more than 4% of bitcoin's 21 million supply cap and imply around $2.34 billion of paper profits at current prices above $78,000.

Financing and Balance Sheet

The latest acquisition was funded by proceeds from at-the-market sales of Strategy's Class A common stock, MSTR. Last week, the company sold 4,531,421 MSTR shares for approximately $602.8 million. Strategy used $151.8 million to repurchase 1,557,177 shares of STRC preferred stock and allocated $50.7 million to STRC dividends. The remaining $30 million was added to its USD Cash account, which stood at $1.61 billion as of Aug. 30, while the company's USD Reserve was $5.1 billion. As of Aug. 30, $19.09 billion worth of MSTR shares remained available for issuance and sale under the ATM program.

Market Context

Bitcoin's rebound toward $80,000 has helped lift Strategy's shares and pushed the market capitalization of the company closer to the value of its Bitcoin holdings. The firm holds around $73 billion in Bitcoin, according to Bloomberg. Strategy's common shares rose around 2% in pre-market trading, though the stock is down around 60% in the past year. The company has also been reshaping its balance sheet, creating a separate cash pool alongside its existing reserve to give management more flexibility for preferred-stock dividends, debt payments and other corporate needs.