Strategy Drops $370 Million on 4,603 More Bitcoins

Strategy, also known as MSTR, has made another significant Bitcoin purchase. The company bought 4,603 Bitcoin for $369.7 million between August 24th and August 30th. This brings their total Bitcoin holdings to 845,050, acquired at an average price of $75,412 per coin.

The latest purchase was made using proceeds from common-stock sales through their at-the-market program. The company sold 4,531,421 MSTR shares, generating $602.8 million in net proceeds. Of that amount, $369.7 million funded the Bitcoin purchases.

Strategy also used some of the proceeds to repurchase preferred shares and fund dividends. They added $30 million to their USD Cash reserves as well. As of August 30th, Strategy had $5.10 billion in its USD Reserve and $1.61 billion in USD Cash.