Overview
- Strategy disclosed on Aug. 31 that it bought 4,603 BTC between Aug. 24 and Aug. 30 for about $369.7 million, ending a roughly ten‑week pause in confirmed purchases.
- The acquisition was financed by sales of roughly 4.53 million MSTR shares that generated about $602.8 million in net proceeds, which were split among the Bitcoin buy, STRC preferred repurchases, STRC dividends, and USD Cash.
- After the trade Strategy’s reported holdings rose to 845,050 BTC, its aggregate average cost sits near $75,412 per coin, and the company reported USD liquidity of about $6.71 billion with net leverage near 0.0%.
- The purchase recovered about two‑thirds of the roughly 6,916 BTC the company sold in late June through early August, leaving a shortfall of roughly 2,313 BTC versus the pre‑sale level.
- The week’s actions underline Strategy’s shift from one‑way accumulation to active capital‑structure management where ATM equity issuance, preferred‑stock repurchases, dividend funding, and reserve sizing now jointly determine how and when it changes Bitcoin exposure.