Strategy Resumes Bitcoin Purchases With $370 Million Buy After 10-Week Pause
Strategy has restarted its Bitcoin accumulation with a $369.7 million purchase, signaling a shift toward active capital management that could influence corporate crypto-treasury trends.
Strategy purchased 4,603 bitcoins for $369.7 million between August 24 and August 30, according to a Securities and Exchange Commission filing. The average acquisition price was $80,318 per coin, ending a 10-week hiatus in the company's cryptocurrency accumulation.
This marks a deliberate shift from the firm's June approach, when it paused purchases to build a cash buffer and execute stock buybacks. Chief Executive Phong Le stated at the time that the company is "evolving from one-way capital issuance to active capital management."
Le emphasized the intent to "move between issuing securities when capital is attractive and repurchasing securities when our instruments trade at levels that make buybacks accretive." He noted this flexibility is designed to create shareholder value and strengthen the market standing of the company's securities.
The renewed buying activity follows the recent establishment of a $1.61 billion USD Cash reserve, complementing an existing $5.1 billion USD Reserve. Strategy now holds 845,050 bitcoins, valued at approximately $65.8 billion at current market prices.
Since adopting Bitcoin as a treasury asset in August 2020, Strategy has deployed over $63.7 billion into the cryptocurrency. It remains the world's largest corporate holder, a pioneering model that has inspired numerous firms to adopt similar balance sheet strategies.
Chairman and founder Michael Saylor indicated the company is now prioritizing the creation of digital credit alongside its accumulation efforts. This strategic evolution includes developing high-yield products, such as the STRC preferred equity, which are directly backed by its substantial Bitcoin holdings.
Following the announcement, Strategy’s shares traded slightly higher in New York on Monday morning, despite a year-to-date decline of nearly 20 percent. Bitcoin itself was priced at $77,821 during the same session, down from a recent weekly high of $81,281, though the asset maintains a 30-day gain of more than 24 percent.
