Strategy has returned to Bitcoin accumulation after a pause of more than two months, purchasing 4,603 BTC last week while the cryptocurrency traded above $80,000. The transaction was the company's first reported Bitcoin acquisition since June. Strategy, formerly known as MicroStrategy, is the largest corporate holder of Bitcoin, and its weekly purchase disclosures have become a closely watched signal for the broader market.

According to an SEC filing, the Bitcoin treasury company bought 4,603 BTC for $370 million at an average price of $80,318 per coin. The purchase brought its total holdings to 845,050 BTC, acquired for $63.73 billion at an average price of $75,412. That average cost sits below the asset's recent trading range, meaning the company's cumulative position was acquired at a discount to last week's prices.

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

The reported 0.0% Net Leverage marks a notable shift for a company that had previously relied on convertible notes and other debt instruments to fund acquisitions, and indicates its Bitcoin holdings fully cover its obligations under the company's leverage metric.

Return to Buying After August Sales

The renewed buying followed a period in which Strategy reduced its Bitcoin holdings through several sales. Its most recent sale involved 1,690 BTC earlier in August, before the company returned to accumulation. The back-and-forth between selling and buying illustrates how the company's treasury strategy has evolved from one-directional accumulation to active management of its position and dollar balances.

In a post on X, Executive Chairman Michael Saylor hinted at a possible Bitcoin purchase on Sunday, one day before Strategy confirmed the acquisition in a regulatory filing: "We're ₿ack. pic.twitter.com/ciqOaCa908" — Michael Saylor (@saylor) August 30, 2026

Bitcoin's rebound provided the market backdrop for the purchase. The asset climbed from a low near $63,000 to above $81,000 over two weeks, reversing part of its earlier decline.

Strategy financed the purchase with proceeds from its at-the-market common stock program. The company sold 4,531,421 MSTR shares during the week, generating $602.8 million in net proceeds.

Those funds supported several corporate activities. Strategy allocated $369.7 million to Bitcoin and spent $151.8 million repurchasing 1,557,177 shares of its STRC preferred stock.

MSTR Steady as Cash Holdings Expand

Strategy also allocated $50.7 million to STRC dividend payments and transferred another $30 million to its USD Cash account, lifting that balance to $1.61 billion as of August 30. The company's USD Reserve balance stood at $5.10 billion. These dollar balances are used to cover corporate obligations such as preferred dividends and interest payments.

The MSTR share price did not react significantly to the disclosure. According to TradingView data, the stock traded close to $128, up less than 1%, while remaining up more than 32% on a monthly basis.

Strategy retained $19.09 billion of available issuance capacity in MSTR shares under the common stock program. A separate authorization for purchases of up to $1 billion of MSTR shares remained unused, according to the filing.

Future purchases remain subject to management decisions and subsequent disclosures, and the company has not indicated whether weekly accumulation will continue after this transaction. Investors will be watching the next SEC filing for changes in Strategy's Bitcoin holdings. The filing also indicates that new funds may be used for Bitcoin purchases, STRC share repurchases, dividends, or the company's dollar liquidity accounts.