Strategy Resumes Bitcoin Buying With $370 Million Purchase

Published: 2026-08-31 15:38:46 |

Strategy has resumed Bitcoin buying after a 10-week pause, purchasing 4,603 BTC for $369.7 million between 24 and 30 August 2026. The average purchase price was $80,318 per Bitcoin, above BTC’s market price of about $77,821 on 31 August. The purchase brings Strategy’s Bitcoin holdings to 845,050 BTC. The company has invested about $63.7 billion in Bitcoin at an average cost of $75,412 per BTC, reinforcing its position as the world’s largest corporate Bitcoin holder. The acquisition was funded through net proceeds from Strategy’s MSTR at-the-market share programme. During the period, the programme raised about $602.8 million. Strategy also spent $151.8 million repurchasing STRC preferred shares, paid $50.7 million in STRC dividends and added $30 million to its USD Cash account. It retained $5.1 billion in USD Reserve, increased USD Cash to $1.61 billion, and held additional funds for preferred-share repurchases and authorised MSTR buybacks. Strategy paused Bitcoin buying in June to build liquidity and manage its capital structure. It is also developing Bitcoin-backed digital credit products, including STRC preferred equity. Bitcoin gained more than 24% over 30 days and recently reached $81,281, while Strategy shares remained down nearly 20% year to date. The renewed Bitcoin buying supports institutional demand, but equity issuance, leverage and the purchase price above spot remain important risks for traders.

Bullish

Strategy’s renewed Bitcoin buying is broadly bullish for BTC because it adds significant institutional demand and signals continued confidence in Bitcoin as a corporate treasury asset. The purchase of 4,603 BTC could support market sentiment in the short term, particularly while BTC is showing strong 30-day momentum and recently traded near its local high. However, the immediate price effect may be limited. Strategy paid $80,318 per BTC, above the reported market price of about $77,821, and the purchase was financed through equity issuance rather than operating cash flow. Traders may therefore focus on dilution, leverage and the sustainability of future purchases. The company’s large cash reserves reduce near-term liquidity risk, while its Bitcoin-backed credit strategy could support longer-term demand. Overall, the institutional accumulation signal outweighs these risks, but volatility may increase if BTC falls below Strategy’s latest purchase price or if funding conditions deteriorate.