Strategy, the largest corporate holder of Bitcoin and the company formerly known as MicroStrategy, has returned to buying Bitcoin after more than two months without a disclosed acquisition, purchasing 4,603 BTC for approximately $370 million during the week ending August 30. The company acquired the coins at an average price near $80,380, increasing its holdings to 845,050 BTC and reversing part of the decline in its treasury caused by Bitcoin sales in June, July, and August. Strategy entered the latest week holding 840,447 BTC, having made no purchases or sales between August 17 and August 23. The company typically discloses its Bitcoin transactions weekly, making the resumption of purchases a closely watched signal of its treasury strategy.

Bitcoin Buying Returns After Weeks of Sales

The latest acquisition is Strategy's first disclosed Bitcoin purchase since June 22, when its treasury reached 847,363 BTC. The company subsequently shifted toward active balance-sheet management, selling portions of its holdings to fund preferred-stock obligations and repurchases — a notable departure for a company that had, for years, operated on an almost uninterrupted accumulate-and-hold model.

That included a 1,690 BTC sale between August 3 and August 9 for $108.6 million, with the entire proceeds going toward repurchasing STRC preferred shares.

Strategy had already sold 3,588 BTC between June 29 and July 5, comprising 1,363 BTC for $80.8 million and another 2,225 BTC for $135.2 million. Those transactions reduced its holdings from the June peak as the company directed capital toward dividends and liquidity.

The new 4,603 BTC purchase brings Strategy within 2,313 BTC of its June 22 balance.

Strategy Adds Cash and Repurchases $152 Million of STRC

Bitcoin was only one part of Strategy's capital allocation during the latest reporting period. The company also increased USD Cash by $29 million and repurchased approximately $152 million of STRC, its Variable Rate Series A Perpetual Stretch Preferred Stock.

Strategy finished August 30 with $6.71 billion of combined USD Assets, consisting of its designated USD Reserve and a separate USD Cash pool. One week earlier, the company had held $6.69 billion of USD Assets, including a $5.10 billion USD Reserve and $1.59 billion of USD Cash.

The balance-sheet expansion brought Strategy's net leverage to 0.0%. The metric measures debt minus USD Assets relative to the value of the company's Bitcoin reserve, meaning its dollar assets now offset its reported debt for purposes of that calculation.

STRC repurchases remain part of a $1 billion preferred-securities buyback authorization established in June. The company had already spent $136.4 million repurchasing STRC during the preceding week.

Strategy Holds 845,050 BTC

The renewed buying comes as Strategy's Bitcoin position has recovered alongside BTC itself. Its treasury recently returned to profit after Bitcoin's August rebound pushed the asset back above Strategy's average acquisition cost.

Strategy also skipped Bitcoin purchases during the week ending August 23 while building its cash position, a shift captured during Bitcoin's recent move toward $80,000.

As of August 30, Strategy held 845,050 BTC and $6.71 billion of USD Assets, while continuing to allocate capital simultaneously across Bitcoin purchases, cash accumulation, and STRC repurchases. Whether the company sustains its buying in the coming weeks will be visible in its regular disclosures, which remain the primary window into how it balances its Bitcoin accumulation goal against preferred-stock obligations.

Source: Crypto Adventure