Strategy (MSTR) is back buying bitcoin. The company picked up 4,603 coins between August 24 and 30 for $369.7 million, ending a roughly ten-week gap in purchases that had weighed on sentiment around the stock.
MSTR was up between 1% and 2% in pre-market trading on Monday after the news broke. Executive Chairman Michael Saylor signaled the return with a brief post on X, writing “We’re ₿ack” on Sunday before the official SEC 8-K filing dropped Monday morning.
Strategy has acquired 4,603 BTC for $370M, increased USD Cash by $29M, and repurchased $152M of $STRC. As of 8/30/26, we hold 845,050 bitcoin:native and $6.71B of USD Assets, bringing Net Leverage to 0.0%. $MSTR https://t.co/XAAEZV5Gil
— Michael Saylor (@saylor) August 31, 2026
The average purchase price came in at $80,318 per coin. That’s a slight premium to where bitcoin was trading at the time, around $78,280 to $78,400.
Strategy funded the buy through the sale of 4.53 million Class A common shares, raising $602.8 million in total. The $369.7 million went to bitcoin. The remaining proceeds were split between $151.8 million in buybacks of the company’s STRC preferred stock and additions to cash reserves.
The gap in buying wasn’t accidental. On June 29, 2026, Strategy’s board approved a Digital Credit Capital Framework, which for the first time authorized the company to sell bitcoin. That was a shift from the company’s long-held accumulation-only approach.
Over the following ten weeks, Strategy sold 6,948 BTC for $432.5 million. The proceeds went toward preferred-stock dividends and STRC repurchases. Bitfinex analysts described the sales as a “rounding error” against daily spot volumes, but the optics still hurt. The fact that the market’s most publicly committed corporate bitcoin holder was selling became a recurring bearish talking point.
A two-week pause in sales toward the end of August started to clear that overhang before Monday’s announcement confirmed the return to buying.
Strategy now holds 845,050 bitcoin at a total cost of $63.73 billion. The blended average price across all purchases comes to $75,412 per coin.
The current total falls slightly short of the peak. The company held 847,363 BTC on June 21 before the selling period began.
Bitcoin was trading around $78,400 on Monday morning, up slightly from Friday’s close. Strategy’s most recent tranche was purchased at a premium to that level, meaning the position is currently underwater on the latest batch at current prices.
The 8-K filing and Saylor’s X post on Monday confirmed the purchases. No further details were given on the timeline or size of future acquisitions.
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