Strategy Resumes Bitcoin Purchases After Two-Month Pause

Strategy, led by Executive Chairman Michael Saylor, has made its first reported Bitcoin purchase since June. The company acquired 4,603 BTC for $370 million and added $29 million to USD cash.

This brings Strategy's total Bitcoin holdings to 845,050 BTC, making it the largest corporate Bitcoin holder. Its cumulative Bitcoin holdings were acquired for approximately $63.73 billion at an average cost of $75,412 per BTC.

The purchase was funded through Strategy's at-the-market offering of its Class A common stock. The company sold 4,531,421 MSTR shares between August 24 and August 30, generating approximately $602.8 million in net proceeds.