Strategy (MSTR), the software company turned Bitcoin treasury operator led by Michael Saylor, saw its shares climb in Monday trading after the firm disclosed it had resumed buying Bitcoin, snapping a 10-week acquisition drought.
In a regulatory filing with the U.S. Securities and Exchange Commission, the company reported the purchase of 4,603 BTC for roughly $369.7 million between Aug. 24 and Aug. 30. The average price paid per Bitcoin was $80,318.
The acquisition was financed through the sale of Class A common stock under its at-the-market (ATM) program. During the same period, Strategy sold 4,531,421 MSTR shares, generating approximately $602.8 million in gross proceeds. Of that amount, $151.8 million was used to repurchase 1,557,177 shares of its STRC preferred stock, while $50.7 million went toward STRC dividend payments. The remaining $30 million was added to the company's USD Cash account.
MSTR rose as much as 1.72% during Monday's session, putting the stock on track for its strongest monthly gain since November 2024. The move follows a 6.3% advance last week, closing Friday at $127.31.
Bitcoin holdings now exceed 845,000 BTC
With the latest addition, Strategy's total Bitcoin holdings stand at 845,050 BTC. The company has spent approximately $63.73 billion acquiring the cryptocurrency, including fees and expenses, at an average cost of $75,412 per BTC. At current prices above $78,000, the stash is valued at roughly $66.1 billion, representing more than 4% of Bitcoin's maximum 21 million supply.
This marks the first reported Bitcoin purchase since June 22, when the company added 520 BTC. Following that, Strategy paused acquisitions and instead sold Bitcoin under its BTC Monetization Program to build its USD Reserve and launch its USD Cash account. The company reported several weekly periods with no purchases or sales during that time.
As of Aug. 30, Strategy held about $1.61 billion in its USD Cash account and $5.1 billion in its USD Reserve. The company also had $19.09 billion of MSTR shares available for issuance and sale under its ATM program.
Saylor signals return to accumulation
The resumption of buying was hinted at over the weekend when Saylor posted "We're back" on X, followed by "paint the bears orange" on Monday, a phrase often used to herald new Bitcoin purchases.
Strategy recently introduced a Digital Credit Capital Framework that limits its USD reserve to preferred stock dividends and interest payments. The company also authorized a $1 billion program to repurchase digital credit securities, initially focusing on STRC, alongside a separate $1 billion common-stock buyback program. Additionally, it expanded its BTC Monetization Program to allow up to $5 billion in Bitcoin sales to fund reserves, dividends, interest payments, and securities repurchases.
Bitcoin was trading around $78,630, down about 0.2% over the previous 24 hours, but still more than 25% higher over the past month. Meanwhile, the broader trend of corporate Bitcoin adoption continues, with data from Bitcoin Treasuries showing 198 public companies have now adopted some form of Bitcoin acquisition strategy.
For more on related market moves, see how Strategy's cash reserve supported its stock and broader market reactions to tech earnings.
This article is for informational purposes only and does not constitute financial advice.
