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Strategy Adds $357 Million in Bitcoin After Easing Equity-Issuance Policy

The company financed the purchase by restarting at-the-market share sales, drawing investor criticism that pressured MSTR in early trading.

Bitcoin treasury capital
Michael saylor's strategy added 3,081 bitcoin, bringing stack to nearly 632.5k
Strategy adds 3,081 btc in $356.9m purchase at $115,829 each
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Overview

  • An SEC Form 8-K shows Strategy bought 3,081 BTC between Aug. 18–24 for about $356.9 million at an average price of $115,829, lifting holdings to 632,457 BTC purchased for roughly $46.5 billion at an average of $73,527.
  • The buy was funded primarily by roughly $310 million of common stock sold via ATM programs, plus preferred sales including about $21 million of SRTK, $23.7 million of STRF, and $0.1 million of STRD.
  • The company relaxed a recent mNAV-based constraint on issuing common shares and resumed equity sales, a shift that drew backlash as MSTR fell more than 4% in premarket trading Monday.
  • August buying slowed materially, totaling about 3,666 BTC versus more than 31,000 BTC acquired in July 2025.
  • Strategy retains authority to issue up to $16.7 billion more in common stock under its ATM program, preserving capacity to fund additional Bitcoin purchases.