Strategy Buys Back $369M in Bitcoin After Summer of Selling

Strategy, a Bitcoin treasury company, has made its first purchase of BTC in about two months. Between August 24 and 30, it bought 4,603 BTC for $369.7 million at an average price of $80,318 per coin.

This purchase was funded by selling 4,531,421 MSTR shares through Strategy's at-the-market program, raising a total of $602.8 million. The company used this amount to buy back some of the BTC it had previously sold and to add to its USD Cash account.

Strategy has now acquired a total of 845,050 BTC, with an average price of $75,412 per coin. Its dollar assets across its USD Reserve and USD Cash pots have grown to $6.71 billion, resulting in net leverage of 0.0%.