Overview
- Strategy disclosed Monday that it bought 4,603 BTC for about $369.7–$370 million between Aug. 24 and Aug. 30, ending a roughly 10‑week pause in purchases.
- The buy was funded by an at‑the‑market sale of 4,531,421 MSTR common shares that generated about $602.8 million in net proceeds, with $369.7 million allocated to Bitcoin.
- The filing itemized the rest of the proceeds as $151.8 million for repurchasing STRC preferred shares, $50.7 million for STRC dividends, and $30 million added to USD cash reserves.
- Strategy now reports 845,050 BTC on its balance sheet with a cumulative cost basis near $63.73 billion and an average cost of about $75,412 per coin, while the latest tranche averaged $80,318 per coin.
- The move marks a pragmatic shift from an earlier 'never sell' posture to a capital‑management framework that prioritizes cash buffers and preferred‑stock obligations and means future buys will depend on Bitcoin price, MSTR issuance capacity, and the company’s liquidity needs.