Strategy has resumed Bitcoin purchases after ten consecutive reporting weeks without an acquisition, buying 4,603 BTC for $369.7 million between August 24 and August 30. The average price was $80,318 per BTC, including fees and expenses, lifting the company's total holdings to 845,050 BTC. Strategy, formerly known as MicroStrategy, began adopting Bitcoin as its primary treasury reserve asset in 2020 and has since become the largest publicly listed corporate holder of the cryptocurrency.

The acquisition follows a summer in which the company focused on managing liquidity, selling some Bitcoin, repurchasing preferred shares, and building dollar reserves — a shift from its earlier pattern of near-weekly purchases, which the company typically discloses through SEC filings such as Form 8-K.

Strategy Buys 4,603 BTC After 10-Week Purchase Pause

Strategy disclosed that it purchased 4,603 Bitcoin between August 24 and August 30 at an average price of about $80,318 per BTC, bringing total holdings to 845,050 BTC.

The purchase marks Strategy's first reported Bitcoin acquisition since June. The company previously bought 1,587 BTC for $100 million during the week ending June 14, after which it turned to increasing liquidity and managing its preferred stock position.

The acquisition followed a capital raise through the sale of approximately 4.53 million MSTR shares, which generated about $602.8 million for Bitcoin purchases and balance sheet management. The company has long used instruments such as convertible notes, ATM equity sales, and preferred stock offerings to fund its Bitcoin purchases.

Strategy also reported $5.1 billion in dollar reserves and $1.61 billion in additional cash holdings. Combined dollar assets reached $6.71 billion, and the company reported zero net leverage.

Bitcoin Price Tests Key Resistance Levels

Bitcoin traded near $78,600 after Strategy announced the purchase, attempting to recover toward the $80,000 level. Market participants are watching whether BTC can maintain support near the $76,000 to $77,000 range.

BTC faces resistance between $80,000 and $81,500. A move above this zone could open the path toward higher levels, while a decline below support could expose BTC to $74,000.

Markets are also tracking upcoming economic data, including the September 4 jobs report, as investors look for signals about future Federal Reserve policy decisions.

Bitcoin's recent price movement follows a recovery from summer lows near $58,000, and the asset has moved back toward the upper end of its recent trading range.

MSTR stock traded at $130, up 2.12% during the session, after Strategy resumed Bitcoin accumulation with the $370 million purchase.

Saylor Signals Return to Bitcoin Buying

Michael Saylor had hinted at the purchase with an update on X (post), writing "We're back" alongside a StrategyTracker chart yesterday. The post fueled speculation about whether the company would restart its Bitcoin buying activity, which the purchase then confirmed. Saylor, Strategy's executive chairman and co-founder, frequently signals the company's treasury moves on social media ahead of formal disclosures.

The company continues to use capital market activities to support its Bitcoin treasury strategy. Strategy's holdings represent one of the largest corporate cryptocurrency reserves globally, and the company continues to build its treasury position while keeping additional cash available for operational needs.

The latest acquisition came at an average purchase price above Strategy's long-term Bitcoin cost basis of about $75,385.

Strategy Balances BTC Holdings and Liquidity

Strategy also repurchased $152 million worth of its STRC preferred stock during the latest transactions and increased its USD cash pool by $29 million to $1.61 billion. The company said these actions strengthened its preferred stock position while improving financial flexibility.

Strategy reported a BTC credit spread of 56 basis points for STRC, down from 59 basis points.

The purchase underscores Strategy's continued focus on digital asset accumulation while maintaining cash reserves, supported by equity sales, preferred stock offerings, and other financial tools. Whether the company sustains weekly purchases going forward, and how its cost basis compares with prevailing Bitcoin prices, remains a point of attention for observers of corporate Bitcoin treasuries.

This article is for informational purposes only and does not constitute financial advice. Equity and cryptocurrency markets can experience sharp price movements.

Source: The Market Periodical