Strategy Buys 4603 Bitcoins for $369 Million After Two-Month Pause

Strategy, the Nasdaq-listed bitcoin treasury company led by Executive Chairman Michael Saylor, has resumed its accumulation of BTC after a two-month pause. The company acquired 4,603 Bitcoin for $369.7 million between August 24 and August 30 at an average price of $80,318 each.

This purchase brings Strategy's total position to 845,050 BTC, acquired for $63.73 billion at an average cost of $75,412 per coin. The new coins were added at a price about 6.5 percent above that long-run cost basis.

The acquisition was financed through Strategy's at-the-market offering program, which raised $602.8 million in net proceeds from sales of Class A common stock during the week. Of this amount, $369.7 million went towards the bitcoin purchase.