Strategy bought 4,603 more bitcoin for about $369.7 million, pushing its total holdings to 845,050 BTC. The purchase, funded through stock sales, ends several weeks in which the firm had trimmed or held its position steady.
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, according to an 8-K filing with the U.S. Securities and Exchange Commission. The Michael Saylor-led firm 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 about $63.73 billion including fees and expenses.
Strategy's holdings are now the equivalent of 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. The company funded the purchase through at-the-market sales of its Class A common stock, MSTR — last week it sold 4,531,421 MSTR shares for approximately $602.8 million.
The firm also 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 went to its USD Cash account, which stood at $1.61 billion as of Aug. 30, while its USD Reserve was $5.1 billion, according to the filing. As of Aug. 30, $19.09 billion worth of MSTR shares remained available for issuance under the ATM program.
'We're back'
The purchase marks a shift from recent weeks, in which the firm trimmed or held its bitcoin stack steady. On Sunday, Strategy co-founder and Executive Chairman Michael Saylor posted an update to X. According to The Block, the caption read "We're back", hinting at a resumption of buying activity following a period of paused acquisitions. Earlier on Monday, Saylor shared a post telling followers to paint the bears orange, a signal commonly understood to mean the largest corporate bitcoin holder would disclose fresh purchases for the week prior.
Under its Digital Credit Capital Framework, Strategy limited its USD reserve to covering preferred stock dividends and interest payments. The company also authorized a $1 billion program to repurchase its digital credit securities, initially focused on STRC, plus a separate $1 billion buyback of common stock. It later expanded its BTC Monetization Program to allow up to $5 billion in bitcoin sales to fund the reserve, dividends, interest payments, and securities repurchases.
Treasury peers trail behind
According to Bitcoin Treasuries data, 198 public companies have adopted some form of bitcoin acquisition model. Tether-backed Twenty One, Metaplanet, MARA, and Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company round out the top five, holding 43,514 BTC, 43,000 BTC, 35,577 BTC, and 30,021 BTC respectively.
Many of the cohort's shares trade well below their summer 2025 peaks as market cap-to-net asset value ratios have contracted. MSTR, for example, is down 63% with an enterprise mNAV of 1.07, according to the firm. Strategy's stock gained 6.3% last week, closing on Friday at $127.31. Bitcoin gained about 1% over the same period but is up over 25% in the last month, The Block's BTC price page shows.
Source: The Block
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