Saylor's Signal Preceded a Confirmed Purchase

A day earlier, Coindoo reported that Michael Saylor had hinted at another Bitcoin purchase. Strategy's August 31 Form 8-K turned that signal into a confirmed transaction.

The company purchased 4,603 BTC between August 24 and August 30 for $369.7 million, including fees and expenses, at an average price of $80,318 per Bitcoin.

At a Bitcoin price of approximately $78,400 at the time of writing, Strategy's 845,050 BTC position would be worth about $66.25 billion, implying an unrealized gain of roughly $2.52 billion, or 4%, against its reported average cost. Strategy, formerly known as MicroStrategy, remains the largest publicly reported corporate holder of Bitcoin, so shifts in its accumulation pattern are widely tracked as a gauge of institutional demand.

MSTR Share Sales Funded Four Uses

During the same week, Strategy sold 4,531,421 shares of its Class A common stock and received $602.8 million after commissions. It reported no sales of its STRF, STRC, STRK, or STRD preferred shares during the period. The sale of Class A shares to fund Bitcoin purchases and other corporate uses is the mechanism Strategy has used repeatedly since it adopted Bitcoin as its primary treasury reserve asset in 2020.

The filing identified the following uses for the MSTR proceeds:

• $369.7 million funded the Bitcoin purchase.
• $151.8 million funded STRC share repurchases.
• $50.7 million funded dividends on STRC stock.
• $30 million increased Strategy's USD Cash account.

Strategy announced the transaction on X:

Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC. As of 8/30/26, we hold 845,050 bitcoin:native and $6.71B of USD Assets, bringing Net Leverage to 0.0%. $MSTR

— Strategy (@Strategy) August 31, 2026 (X post)

The reported Net Leverage of 0.0% indicates the company's USD assets fully cover its debt obligations tied to its Bitcoin strategy in its own reporting framework.

The Purchase Offset Two-Thirds of Recent Bitcoin Sales

The new purchase followed four Bitcoin sales completed between late June and early August:

• June 30: 1,363 BTC sold for approximately $81 million.
• July 6: 2,225 BTC sold for approximately $135 million.
• August 3: 1,638 BTC sold for approximately $105 million.
• August 10: 1,690 BTC sold for approximately $109 million.

Those sales had been a notable departure from Strategy's long-standing pattern of continuous accumulation, which makes this week's buy a resumption of its historical approach rather than a new direction.

Together, those transactions removed 6,916 BTC from Strategy's holdings. Buying 4,603 BTC offset approximately 66.6% of that amount: 6,916 BTC sold minus 4,603 BTC purchased equals 2,313 BTC still to recover.

Strategy would need to acquire another 2,313 BTC to return to its position before the four sales. At the latest average purchase price of $80,318, that amount would cost approximately $185.8 million, though the actual cost would change with Bitcoin's market price.

Strategy Now Holds 845,050 BTC

As of August 30, Strategy held 845,050 BTC acquired for a combined $63.73 billion. Its average purchase price across the full position was $75,412 per bitcoin, including fees and expenses.

Returning fully to the pre-sale coin count would lift the balance to 847,363 BTC. The latest acquisition therefore marks a return to buying, but it has not yet erased the reduction created by the four earlier sales. Future 8-K filings will show whether the company continues accumulating or pauses again.

Strategy also repurchased 1,557,177 STRC shares for $151.8 million. It reported a $5.10 billion USD Reserve and $1.61 billion in USD Cash at the end of the period.