Strategy Resumes Bitcoin Buying with $370 Million Purchase

Strategy has resumed buying Bitcoin after a weeks-long pause, adding 4,603 BTC to its holdings last week. The company spent approximately $370 million on this purchase, bringing its total Bitcoin holdings to 845,050 BTC as of August 30th.

The investment firm also strengthened its liquidity position by adding $29 million to its dollar reserves and repurchasing about $152 million of its STRC preferred stock. Its combined USD assets now total approximately $6.71 billion, providing more funds for financial obligations and its Bitcoin strategy.

Strategy paid around $80,380 per Bitcoin in its latest purchase, exceeding the company's average cost of roughly $75,385. Bitcoin recently traded near $78,725.