Strategy Acquires 4,603 BTC, Boosts Holdings to 845,050

Strategy, a company known for its large Bitcoin holdings, has made another significant purchase of the cryptocurrency. Between August 24 and August 30, it acquired 4,603 BTC for $369.7 million, bringing its total holdings to 845,050 BTC.

The purchase was funded by the sale of 4.53 million MSTR shares, which raised $602.8 million after commissions. The company used a portion of these proceeds to repurchase STRC shares and increase its USD Cash account.

This acquisition has offset approximately two-thirds of the Bitcoin sales completed between late June and early August, which removed 6,916 BTC from Strategy's holdings. To return to its pre-sale coin count, Strategy would need to acquire another 2,313 BTC at an average price of $80,318 per bitcoin.