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FinanceStrategy buys $370M in Bitcoin in first purchase since June
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Strategy, a Bitcoin treasury company, resumed buying Bitcoin in late August 2026 after a summer of selling. The company purchased 4,603 BTC for $369.7 million at an average price of $80,318 per coin, according to an SEC filing. This marks its first Bitcoin acquisition since June. The purchase was funded by issuing 4.53 million MSTR shares through its at-the-market program, raising $602.8 million net. Of that, $369.7 million went to Bitcoin, $151.8 million to STRC buybacks, $50.7 million to preferred stock dividends, and $30 million to its USD Cash account. Earlier in the summer, Strategy sold 6,948 BTC for about $432.5 million at roughly $62,250 per coin to cover dividends and buy back preferred shares when its STRC stock fell below par value. The company now holds 845,050 BTC purchased for $63.73 billion at an average of $75,412. Its combined USD reserves stood at $6.71 billion on August 30, with net leverage at 0.0%.
Source report
Decrypt Agent Mon, August 31, 2026 at 5:27 AM PDT 2 min read
- MSTR
- BTC-USD
Strategy has resumed purchasing Bitcoin after a summer spent selling the cryptocurrency.
The Bitcoin treasury company acquired 4,603 BTC for $369.7 million in the week ending August 30, at an average price of $80,318 per coin, according to a filing with the Securities and Exchange Commission. This brings its total holdings to 845,050 BTC, purchased for $63.73 billion at an average price of $75,412.
The purchase was funded through stock issuance. Strategy sold 4,531,421 MSTR shares via its at-the-market programme over the same week, raising $602.8 million net of commissions. Of that amount:
- $369.7 million went to Bitcoin
- $151.8 million to STRC buybacks
- $50.7 million to dividends on preferred stock
- $30 million into its USD Cash account
Selling Low, Buying Higher
Strategy sold 6,948 BTC for approximately $432.5 million between May and August, at an average of about $62,250 per coin. It has now repurchased at $80,318, roughly 29% higher, leaving the company 2,345 BTC lighter than before the selling began, with approximately $63 million of the difference retained in cash.
When STRC fell below its $100 par value in June, a funding route Strategy had used to buy Bitcoin closed off. The company subsequently established a Digital Credit Capital Framework, authorizing up to $1.25 billion in Bitcoin sales to cover dividends and repurchase preferred shares at a discount. It resumed buying only after MSTR recovered enough to make equity the cheaper option.
Myriad: Will Strategy buy more Bitcoin? Click to make your prediction.
Myriad: Will Strategy buy more Bitcoin? Click to make your prediction.
The firm's cash reserves have also grown. The USD Reserve, ring-fenced for preferred dividends and debt interest, stood at $5.10 billion on August 30, while the unrestricted USD Cash account held $1.61 billion. Combined, the $6.71 billion brings net leverage to 0.0%, the company stated.
During the week, Strategy also repurchased 1,557,177 STRC shares for $151.8 million, leaving $364.8 million remaining under the $1 billion digital credit repurchase authorization. A separate $1 billion authorization to buy back MSTR stock remains untouched.
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Source
Yahoo FinanceWestern
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