Key Highlights
- Strategy acquired 4,603 bitcoin worth $369.7 million during the week of August 24-30, marking its first acquisition in approximately two months.
- The acquisition was financed through a stock offering that generated $602.8 million from selling 4.53 million Class A shares.
- Pre-market trading saw MSTR shares increase by 1% to 2% after the disclosure.
- The company’s bitcoin treasury now totals 845,050 BTC with an aggregate cost basis of $63.73 billion and an average entry price of $75,412.
- This transaction marks the conclusion of a ten-week period during which Strategy had been divesting rather than accumulating bitcoin.
Strategy (MSTR) has resumed its bitcoin accumulation strategy. During the final week of August, specifically between August 24 and 30, the firm acquired 4,603 bitcoins for $369.7 million, bringing an end to an approximately ten-week hiatus in purchases that had created uncertainty among investors.
Following Monday’s announcement, MSTR shares climbed 1% to 2% during pre-market hours. Executive Chairman Michael Saylor teased the announcement with a cryptic message on X Sunday evening, posting “We’re āæack” before the company submitted its official 8-K filing to the SEC on Monday.
The company paid an average of $80,318 per bitcoin for this batch. This represents a modest markup compared to bitcoin’s market price during the purchase window, which ranged between $78,280 and $78,400.
To finance the bitcoin purchase, Strategy executed an at-the-market stock offering, selling 4.53 million Class A common shares that generated total proceeds of $602.8 million. Of this amount, $369.7 million was allocated to bitcoin acquisition. The company directed $151.8 million toward repurchasing its STRC preferred stock, with the balance added to working capital.
Breaking a Ten-Week Divestment Period
The purchasing pause was strategic rather than circumstantial. On June 29, 2026, Strategy’s board of directors enacted a Digital Credit Capital Framework that, for the first time in company history, permitted bitcoin sales. This represented a fundamental departure from Strategy’s previous accumulation-exclusive policy.
During the subsequent ten-week window, Strategy divested 6,948 BTC, generating $432.5 million in proceeds. These funds were deployed toward preferred-stock dividend obligations and STRC share repurchases. While Bitfinex analysts characterized the sales volume as negligible relative to daily spot market activity, the psychological impact proved significant. The sight of bitcoin’s most prominent corporate advocate selling created persistent negative sentiment in the market.
A two-week cessation of sales in late August began to alleviate investor concerns, which Monday’s purchase announcement fully resolved.
Current Holdings and Acquisition Costs
Strategy’s bitcoin treasury currently stands at 845,050 coins, representing a cumulative investment of $63.73 billion. The company’s average acquisition cost across its entire holding period is $75,412 per bitcoin.
This total represents a slight decrease from the company’s maximum holdings. Strategy held 847,363 BTC on June 21, prior to initiating its selling program.
Bitcoin was changing hands near $78,400 Monday morning, showing modest gains from Friday’s closing price. Because Strategy paid a premium for its latest acquisition, the most recent tranche is currently showing a paper loss at prevailing market prices.
The company’s SEC filing and Saylor’s social media announcement confirmed the transaction details. Strategy did not provide guidance regarding the timing or magnitude of potential future bitcoin acquisitions.
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