Strategy Acquires 4,603 Bitcoin for $370 Million, Resumes Buying After 10-Week Pause
Strategy, the company formerly known as MicroStrategy, has made a significant move in the cryptocurrency market by acquiring 4,603 Bitcoin for $369.7 million between August 24 and 30, 2026. This purchase, announced by Executive Chairman Michael Saylor, signals the end of a 10-week pause in buying, during which the company had been a net seller of Bitcoin.
Since June 22, Strategy had offloaded around 7,000 BTC for approximately $432.5 million to fund preferred-stock dividends and share repurchase programs. The recent acquisition was financed through proceeds from a stock sale, which raised about $2.01 billion, leaving the company with a substantial liquidity reserve of approximately $6.69 billion for future Bitcoin purchases.
With this latest purchase, Strategy's total Bitcoin holdings now stand at approximately 845,050 BTC, representing about 4% of the total circulating supply. The average acquisition cost for these holdings is around $75,385 per coin, indicating a total cost basis of about $63.36 billion. Given Bitcoin's trading price near $79,000 at the time of the announcement, Strategy's unrealized gains are estimated to be between $2.5 billion and $2.8 billion.
The company's decision to resume purchases at this price point suggests a bullish outlook, as it prepares for potential market fluctuations. Strategy's liquidity position indicates readiness to capitalize on market opportunities, whether during price increases or downturns.
Updated 13:31 UTC
Latest Developments on Strategy's Financial Moves
- Strategy repurchased 1,557,177 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker: STRC) for approximately $151.8 million.
- The average price paid for STRC shares was around $97.48, below the original par value of $100.
- To fund the STRC buyback, Strategy sold 4,531,421 shares of its common stock (ticker: MSTR), raising $602.8 million.
- Out of the proceeds, $369.7 million was allocated for Bitcoin purchases and dividend payments, resulting in an addition of 4,603 BTC to its holdings.
- After these transactions, Strategy's cash liquidity increased to $1.61 billion, with a total liquidity pool of approximately $6.71 billion when combined with a separate USD Reserve of $5.10 billion.
- Strategy's total Bitcoin holdings now stand at 845,050 BTC following the recent purchases.
- There remains $364.8 million available under the Digital Credit Securities Repurchase Program for further preferred stock buybacks.
- Strategy has also maintained a separate $1 billion program for common stock repurchases, which is still intact.
Updated 14:01 UTC
New Facts
- Strategy Inc. has acquired a total of 4,603 Bitcoin for approximately $370 million.
- The company spent $369.7 million on Bitcoin purchases, while also allocating $202.5 million towards STRC buybacks and dividends.
- As a result of these financial maneuvers, the diluted shares of MSTR rose by 1.079%, but Bitcoin holdings increased by only 0.548%.
- This led to a 0.526% decrease in gross Bitcoin per share for Strategy Inc.
- The odds for STRC reaching $100 by September 30 have decreased from 48% to 42.5% within 24 hours.
- Conversely, the odds for STRC hitting $100 by December 31 have increased to 83.5%, up from 80% a day earlier.
Updated 14:02 UTC
New Developments in Bitcoin Holdings
Metaplanet, a Tokyo-listed company, has transferred approximately 4,800 BTC to Coinbase Prime, valued at roughly $377 million. This move occurred over the final days of August 2026 and was confirmed by CEO Simon Gerovich as a custodial adjustment rather than a sale.
The transfers were executed in three transactions: 1,000 BTC on August 25, 1,350 BTC on August 28, and a significant transfer of 3,000 BTC on August 29. These transactions represent between 7% and 10% of Metaplanet's total Bitcoin holdings of 43,000 BTC.
Metaplanet's total investment in Bitcoin amounts to approximately $4.09 billion, with an average cost basis of $96,191 per coin. Currently, the company is experiencing an unrealized loss as Bitcoin trades near $79,000 to $80,000.
Metaplanet has evolved from a hotel company to one of the largest corporate Bitcoin holders globally, adopting a treasury strategy similar to that of MicroStrategy.
FAQ
Why did Strategy acquire 4,603 Bitcoin?
Strategy acquired 4,603 Bitcoin to strengthen its position in the cryptocurrency market and signal a bullish outlook after a 10-week pause in buying.
How much did Strategy spend on the recent Bitcoin acquisition?
Strategy spent approximately $369.7 million on the recent acquisition of 4,603 Bitcoin.
What was the source of funding for this Bitcoin purchase?
The recent Bitcoin purchase was financed through proceeds from a stock sale that raised about $2.01 billion.
What is Strategy's total Bitcoin holding after this acquisition?
After the acquisition, Strategy's total Bitcoin holdings stand at approximately 845,050 BTC.
What is the estimated unrealized gain from Strategy's Bitcoin holdings?
Strategy's unrealized gains from its Bitcoin holdings are estimated to be between $2.5 billion and $2.8 billion, given Bitcoin's trading price at the time of the announcement.
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