Strategy buys 4,603 bitcoin for $369.7 million after two-month pause

Strategy ends its 10-week accumulation hiatus by purchasing 4,603 Bitcoin for $369.7 million at an average price of $80,318 per coin. Funded by a $602.8 million Class A common stock sale, the transaction also finances $151.8 million in STRC preferred stock buybacks. The purchase increases Strategy's total holdings to 845,050 Bitcoin, representing over 4% of the total supply. While the overall portfolio sits in profit with an average cost basis of $75,412, the new tranche is initially underwater.

Strategy Bitcoin purchase resumption

• ▪Strategy co-founder and Executive Chairman Michael Saylor signaled the resumption of Bitcoin buying on August 30, 2026, by posting "We're back" on the social media platform X
• ▪Strategy acquired 4,603 Bitcoin for approximately $369.7 million between August 24 and August 30, 2026, ending a 10-week pause in its treasury accumulation
• ▪The August 2026 purchase marks Strategy's first corporate Bitcoin acquisition since mid-June 2026, when the company bought 1,587 Bitcoin for roughly $100 million

Stock sale funding mechanism

• ▪Strategy funded its August 2026 Bitcoin purchase by raising $602.8 million in net proceeds through the sale of 4,531,421 Class A common stock shares
• ▪Strategy allocated $30 million of its stock sale proceeds to increase its USD cash reserves, bringing its total USD cash account to $1.61 billion as of August 30, 2026

Total Bitcoin treasury holdings

• ▪Following the August 2026 purchase, Strategy holds a total of 845,050 Bitcoin acquired for an aggregate cost of approximately $63.73 billion
• ▪Strategy's total Bitcoin holdings of 845,050 coins represent more than 4% of Bitcoin's total supply cap of 21 million coins

Current portfolio valuation metrics

• ▪Strategy's average purchase price across its entire 845,050 Bitcoin portfolio stands at $75,412 per coin, including fees and expenses
• ▪With Bitcoin trading above $78,000 on August 31, 2026, Strategy's total holdings imply approximately $2.34 billion in paper profits

STRC preferred stock operations

• ▪Strategy allocated $50.7 million of its stock sale proceeds to cover dividend payments on its STRC preferred stock
• ▪From May to August 2026, Strategy sold 6,948 Bitcoin for approximately $432.5 million at an average price of $62,250 per coin to fund STRC obligations
• ▪Strategy used $151.8 million of its stock sale proceeds to repurchase 1,557,177 shares of its STRC preferred stock

Purchase price above market

• ▪Strategy acquired its new tranche of 4,603 Bitcoin at an average price of $80,318 per coin, which was above the market price of approximately $79,087 on August 31, 2026
• ▪The average purchase price of $80,318 per coin for Strategy's August 2026 tranche is nearly 29% higher than the $62,250 average price at which it sold Bitcoin during the summer

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