Strategy's Bitcoin Buying Resumes After Ten-Week Drought

Strategy Inc., the company behind MSTR stock, has returned to buying Bitcoin after a ten-week stretch of selling. In its latest move, Strategy acquired 4,603 BTC for $369.7 million between August 24 and 30.

The purchase was funded by the sale of 4.53 million Class A common shares, which raised $602.8 million in total. The remaining proceeds went toward STRC preferred stock buybacks and cash additions.

Strategy's Executive Chairman Michael Saylor signaled the return to buying with a brief post on X, writing 'We're ₿ack' before the official SEC 8-K filing dropped Monday morning.