TheBlock
Strategy bought 4,603 BTC for approximately $369.7M between Aug. 24 and Aug. 30 at an average price of $80,318 per coin, according to an 8-K filed with the SEC on Monday. The Michael Saylor-led treasury company now holds 845,050 BTC, worth around $66.1B at current levels, acquired at a blended average of $75,412 and a total cost of roughly $63.73B including fees. The buy ends a stretch of trimmed or flat weeks and was funded by at-the-market sales of MSTR shares, which generated about $602.8M last week alone.
Why it matters
The purchase signals Strategy's accumulation playbook is back on after a pause that had the corporate-treasury cohort on edge. Executive Chairman Michael Saylor teased the resumption on Sunday with a 'We're back' post on X, followed by the now-familiar 'paint the bears orange' cue. The stash represents more than 4% of bitcoin's 21 million supply cap, a concentration no single corporate holder has commanded in any major asset. The company's Digital Credit Capital Framework now limits its USD reserve to dividend and interest coverage, while the board has authorized a $1B program to repurchase its digital credit securities and another $1B for common stock.
Market impact
Strategy's position implies roughly $2.34B of paper profits at prices above $78,000, and the buy coincided with MSTR closing last week up 6.3% at $127.31. Bitcoin itself gained about 1% over the same window and is up over 25% in the last month. The equity wrapper tells a harsher story: MSTR is down 63% from its summer 2025 peak with an mNAV of 1.07, a reminder that the corporate-vehicle trade has compressed hard even as the underlying conviction in bitcoin holds. The latest allocation also redirected $151.8M to STRC preferred buybacks, $50.7M to STRC dividends, and $30M to cash.
Frequently asked questions
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How much bitcoin did Strategy just buy?
The firm acquired 4,603 BTC between Aug. 24 and Aug. 30 for approximately $369.7M, at an average price of $80,318 per coin, per its 8-K filing with the SEC.
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How much bitcoin does Strategy hold in total?
Strategy holds 845,050 BTC, worth around $66.1B at current prices. That stack represents more than 4% of bitcoin's 21 million supply cap.
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How is Strategy funding its bitcoin purchases?
The buy was funded by proceeds from at-the-market sales of MSTR Class A common stock. Those sales brought in about $602.8M last week alone, with more capacity still available under the ATM program.
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What is Strategy's average cost basis on its bitcoin?
Strategy's blended average purchase price is $75,412 per coin, with a total cost of roughly $63.73B including fees and expenses. The latest buy at $80,318 was above that blended cost.
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Why is Strategy's BTC buy notable now?
The purchase ends a stretch in which Strategy held or trimmed its stack, a pause that had the broader corporate-treasury cohort on edge. Saylor confirmed the resumption with a 'We're back' post on X.
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