Strategy Inc. Resumes Bitcoin Buying After 10-Week Pause

Strategy Inc., the pioneering Bitcoin-treasury firm led by cofounder Michael Saylor, has resumed its primary accumulation strategy after a 10-week pause. The company made significant purchases of Bitcoin, buying $369.7 million worth for the week ending August 30.

This marks an improvement in the market context, with Bitcoin's recent climb towards $80,000 boosting the stock and increasing the value of its treasury holdings.

To fund these purchases, Strategy Inc. sold common shares to bring in $602.8 million, while also buying back $151.8 million of preferred stock.