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STRATEGY Adds 4603 BTC and Returns to Buying
We're back, and the buying ticker proves it
Bitcoin treasury company Strategy purchased 4603 BTC for approximately $369.7 million between August 24 and August 30, at an average price of $80,318 per coin, according to a Form 8-K filing with the U.S. SEC on September 1. This was the first purchase since June, ending a ten-week pause.
Deal details
Volume: 4603 BTC
Spending: $369.7 million
Average price: $80,318 per BTC
Funding: Through the sale of approximately $602.8 million worth of common stock
The move raises total holdings to 845,050 BTC, acquired for approximately $63.73 billion, at an average cost of $75,412 per coin. At current prices near $79,000, these holdings are worth approximately $66 billion.
Why does it matter now?
End of the pause: Strategy had halted purchases and had even sold some BTC in recent weeks. The new purchase resumes its long-running accumulation program.
The signal: The team led by Michael Saylor announced the return with a brief note saying, “We’re back,” ahead of the filing.
Market timing: BTC is holding near $78,000 to $79,000, while equities absorb interest-rate and macroeconomic risks. Buying in a calm environment rather than amid a wave of enthusiasm aligns with the company’s approach of accumulating during range-bound trading days.
How was it funded?
The company used its at-the-market offering of Class A common stock. The proceeds were also directed toward repurchasing preferred shares and paying dividends. This combination of raising capital through equities and growing the treasury has been the core mechanism over the past year.
The bigger picture
The 845,050 BTC represent more than 4% of BTC’s total supply. With an average cost of $75,412, the company has a substantial gain even after the recent pullback from highs above $81,000.
This purchase accomplishes three things:
It establishes a floor of confidence beneath the spot price near $78,000
It reminds the market that institutional demand remains active
And it keeps Strategy at the top of the BTC treasury rankings, with no close competitor by size
What should be watched next?
Will weekly purchases return, or was this a one-time increase?
How much additional stock will be sold to fund further purchases?
Will other treasury companies follow suit with their own filings this month?
For now, the message is clear: after ten weeks on the sidelines, Strategy is back to buying#Gate60MillionUsers
STRATEGY ADDS 4603 BTC BACK IN BUY MODE
We are back and the buy tape proves it
Bitcoin treasury firm Strategy has bought 4603 BTC for about 369.7M between Aug 24 and Aug 30 at an average price of 80318 per coin according to an 8K filing with the US SEC on Sep 1 It is the first buy since June and it ends a ten week pause
THE DEAL BREAKDOWN
Size 4603 BTC
Spend 369.7M
Average price 80318 per BTC
Funding via sale of common stock worth about 602.8M in proceeds
The move lifts total holdings to 845050 BTC acquired for about 63.73B at an average cost of 75412 per coin At current prices near 79000 that stack is worth about 66B
WHY IT MATTERS NOW
End of pause Strategy had paused buys and even sold some BTC in recent weeks The new buy resumes the long running accumulation program
Signal The team led by Michael Saylor flagged the return with a short We are back note ahead of the filing
Market timing BTC holds near 78K to 79K while equities digest rate and macro risk Buying into calm rather than hype fits the firm playbook of stacking on range days
HOW IT WAS FUNDED
The firm used its at the market offering of Class A common stock Proceeds also went to preferred stock buybacks and dividends This mix of equity raise plus treasury growth has been the core loop for the last year
THE BIGGER VIEW
845050 BTC is more than 4 percent of total BTC supply At 75412 average cost the firm sits with a large gain even after the recent dip from 81000 plus highs
This buy does three things
It puts a floor of confidence under spot near 78000
It reminds the market that corporate demand is still active
It keeps Strategy at the top of the BTC treasury league with no peer close in size
WHAT TO WATCH NEXT
Will weekly buys return or was this a one off top up
How much more stock will be sold to fund further buys
Whether other treasury firms follow with their own filings this month
For now the message is clear After ten weeks on the sideline Strategy is buying again.