Key Points
- Between August 24-30, Strategy acquired 4,603 bitcoin valued at $369.7 million, marking its first acquisition in approximately two months.
- The acquisition was financed through the sale of 4.53 million Class A common shares, generating $602.8 million in proceeds.
- Pre-market trading saw MSTR shares climb 1-2% after the disclosure.
- Strategy’s total bitcoin holdings now stand at 845,050 BTC, acquired for an aggregate cost of $63.73 billion at an average entry price of $75,412 per bitcoin.
- This transaction concludes a ten-week period during which the company was divesting rather than accumulating bitcoin.
Strategy (MSTR) has resumed its bitcoin accumulation strategy. The company acquired 4,603 coins during the week of August 24-30 for a total of $369.7 million, bringing to a close an approximately ten-week period without purchases that had dampened investor confidence in the stock.
Shares of MSTR climbed 1-2% during pre-market hours Monday following the announcement. Executive Chairman Michael Saylor hinted at the company’s return to buying mode with a succinct message on X Sunday evening, posting “We’re āæack” hours before the official SEC 8-K disclosure appeared Monday morning.
The company paid an average of $80,318 per bitcoin for this tranche. This represents a modest markup compared to bitcoin’s trading range during the purchase window, which hovered between $78,280 and $78,400.
To finance the acquisition, Strategy sold 4.53 million shares of its Class A common stock, generating total proceeds of $602.8 million. Of this amount, $369.7 million was allocated to the bitcoin purchase. The company used the balance to repurchase $151.8 million worth of its STRC preferred stock and bolster its cash position.
Reversing a Ten-Week Divestment Period
The extended purchasing pause was deliberate. On June 29, 2026, Strategy’s board of directors enacted a Digital Credit Capital Framework that, for the first time, permitted the company to divest bitcoin holdings. This represented a fundamental departure from the firm’s historically accumulation-focused strategy.
During the subsequent ten weeks, Strategy liquidated 6,948 BTC, realizing $432.5 million in proceeds. These funds were directed toward preferred-stock dividend payments and STRC buybacks. While Bitfinex analysts characterized the sales volume as insignificant relative to daily spot market activity, the symbolic impact was considerable. The spectacle of the market’s most prominent corporate bitcoin advocate selling assets became ammunition for bearish narratives.
A two-week cessation of sales in late August began to alleviate market concerns before Monday’s announcement definitively signaled a return to accumulation mode.
Current Position and Acquisition Costs
Strategy’s bitcoin treasury now totals 845,050 coins, representing a cumulative investment of $63.73 billion. The company’s overall cost basis across all acquisitions averages $75,412 per bitcoin.
This total represents a slight decrease from the company’s maximum holdings. Strategy held 847,363 BTC on June 21, just before initiating its divestment program.
Bitcoin traded near $78,400 Monday morning, showing modest gains from Friday’s closing price. Because Strategy’s latest purchase occurred at a premium to current market levels, this most recent acquisition batch is currently trading below its purchase price.
The 8-K filing and Saylor’s social media announcement Monday confirmed the transactions. The company did not provide guidance regarding the timing or magnitude of potential future bitcoin acquisitions.
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