Strategy Inc.: Strategy Adds 4,603 BTC After Ten-Week Buying Pause

Strategy Inc. acquired 4,603 Bitcoin last week at an average price of $80,318, marking its first weekly purchase in roughly ten weeks. The company spent $369.7 million on the coins between August 24 and 30, according to the August 31 8-K filing. Aggregate holdings now stand at 845,050 BTC with an overall average cost basis of $75,412.

Christian Barker (Barkmeta / Bark) and Shibo (David Chaboki) opened Labor Day coverage of the filing by framing the 4,603 BTC add as a straightforward corporate move rather than any Knots-related rehearsal. The pair highlighted the steady accumulation pattern that supports long-term ownership of Bitcoin as a treasury asset.

Purchase Breakdown

The average execution price of $80,318 came in above the prevailing spot level near $78,000 at the time of the disclosure. Strategy funded the entire add through net proceeds of $602.8 million from the sale of 4,531,421 MSTR shares via its at-the-market program. The same proceeds also covered $151.8 million in STRC preferred-stock buybacks, $50.7 million in dividends, and an additional $30 million left in cash reserves.

Updated Balance Sheet Metrics

As of August 30 the firm reported a USD Reserve of $5.10 billion and USD Cash of $1.61 billion. Net leverage sits at 0.0 percent. Remaining capacity stands at $364.8 million for preferred repurchases and $1.0 billion for common-stock buybacks. These figures underscore the utility of the Bitcoin stack as a core holding while the company maintains ample dollar liquidity for operational flexibility.

Saylor Commentary

Michael Saylor posted on X that the firm is back in accumulation mode. He noted the $29 million increase in USD Cash and the $152 million STRC repurchase. Saylor also pointed to an improved USD Duration of 4.0 years and a BTC Credit spread of 56 basis points on the STRC line.

Market Reaction

The announcement arrived while major cryptocurrencies posted modest declines, with Bitcoin trading around $78,390. The buy price above spot reflects Strategy’s continued willingness to add coins at levels that support its long-term ownership thesis. Traders watching the chart noted the steady bid beneath the $80,000 zone as corporate demand re-enters the market after the extended pause.

The filing confirms the company has no plans to alter its core approach of pairing Bitcoin accumulation with disciplined capital allocation. Ownership of 845,050 BTC gives Strategy a sizable position that continues to anchor its balance-sheet strategy.