Strategy expanded its Bitcoin position again in late August, acquiring 4,603 BTC for $369.7 million between August 24 and 30. The purchase lifted the company's total holdings to 845,050 BTC, at an aggregate cost of $63.73 billion — by far the largest corporate Bitcoin treasury in the world, making Strategy's disclosures a closely watched signal for the wider market. Bitcoin traded near $77,600 as the buying concluded, still below Strategy's average cost basis.

Strategy Bitcoin Purchase Lifts Total Holdings Near 850,000 BTC

Strategy paid an average of $80,318 per Bitcoin for the new coins, a price above the company's average cost basis of $75,412 per BTC, per data from Walter Bloomberg. The gap means this latest tranche was bought at a premium to the company's cumulative average, a pattern investors track when weighing the profitability of the holdings against the price of Bitcoin itself.

Michael Saylor confirmed the purchase, noting that the firm also added $29 million in USD cash and repurchased $152 million of its STRC preferred stock during the same period.

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 — Michael Saylor (@saylor) August 31, 2026

Net leverage held at 0.0%, with total USD assets standing at $6.71 billion. Saylor said the USD reserve backing STRC reached $5.10 billion, with $1.61 billion in cash on hand. The zero net leverage reading marks a shift from the debt-funded buying streaks Strategy used in earlier phases of its accumulation program, reflecting the company's mix of equity issuance, preferred stock management, and USD reserves in how it now finances purchases.

Strategy funded the acquisition through MSTR share sales, raising $602.8 million in net proceeds. The company has now spent $63.73 billion assembling its Bitcoin position since it began buying in 2020, when it became the first major public company to adopt Bitcoin as its primary treasury reserve asset — a move since emulated by a growing roster of corporate holders.

The moves improved STRC's USD Duration to 4.0 years, up 23 days from the prior reading, while the preferred stock's BTC Credit fell to 56 basis points, down three points.

Bitcoin Price Holds Near Key Levels After Strategy's Latest Buy

Bitcoin traded at $78.02K as of CoinGecko data at press time. The price slipped 1.12% over 24 hours but remained up 0.90% for the week, with trading volume reaching $26.96 billion over the same period.

Trader Daan Crypto Trades pointed to roughly ten days of sideways movement in Bitcoin, noting that such ranges often appear near the start of a new month. His outlook stays bullish as long as Bitcoin holds above $74,000.

Analyst 0xbeehive flagged a liquidity grab after Bitcoin pushed into the $79,000 supply zone. Price failed to hold that level and was quickly rejected lower. The trader is now watching whether BTC can defend support near $77,000.

bitcoin:native JUST GAVE US A CLEAN LIQUIDITY GRAB BTC pushed straight into the $79K supply zone and swept the liquidity above the recent highs But look at what happened after Price failed to hold above the level and immediately got rejected back below supply That means the… pic.twitter.com/lCDEEccNgD — bee (@0xbeehive) August 31, 2026

A break below $77,000 could open the door to a deeper pullback, per 0xbeehive's analysis, with the next downside target near $75,000 if that support gives way. Strategy's average cost basis of $75,412 sits close to that same zone — a convergence traders monitor closely, since a decline toward the company's break-even level tends to draw attention to whether Strategy continues buying through drawdowns as it has in the past.

The current range has held for more than a week without a clear breakout in either direction. Traders are watching for a decisive move once September trading begins, with Strategy's next scheduled disclosure of any additional purchases also on the radar.