Hassan Maishera
TL;DR
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Strategy acquired 4,603 BTC for $369.7 million at an average price of $80,318 per coin.
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The company now holds 845,050 BTC, representing more than 4% of Bitcoin’s maximum supply.
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Strategy sold approximately $602.8 million worth of MSTR shares to fund Bitcoin purchases, STRC repurchases, and dividends.
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Its Bitcoin portfolio is worth roughly $66.1 billion, implying approximately $2.34 billion in unrealized gains.
Strategy acquired another 4,603 bitcoin between August 24 and August 30, spending approximately $369.7 million on the purchase.
According to an 8-K filing submitted to the U.S. Securities and Exchange Commission on Monday, the Michael Saylor-led company paid an average of $80,318 per bitcoin.
The latest acquisition brings Strategy’s total holdings to 845,050 BTC. The company acquired the portfolio for approximately $63.73 billion, including fees and expenses, at an average cost of $75,412 per coin.
Strategy Now Controls More Than 4% of Bitcoin’s Supply
Strategy’s Bitcoin holdings are currently worth approximately $66.1 billion based on a market price above $78,000.
The position represents more than 4% of Bitcoin’s fixed maximum supply of 21 million coins and gives the company approximately $2.34 billion in unrealized gains.
Strategy remains the world’s largest corporate Bitcoin holder by a considerable margin.
Strategy financed the acquisition using proceeds from at-the-market sales of its Class A common stock.
The company sold 4,531,421 MSTR shares during the week, generating approximately $602.8 million.
Of that amount, Strategy allocated:
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$369.7 million to purchasing Bitcoin
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$151.8 million to repurchasing 1,557,177 shares of STRC preferred stock
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$50.7 million to paying STRC dividends
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$30 million to its U.S. dollar cash account
Strategy’s cash balance stood at $1.61 billion as of August 30, while its broader U.S. dollar reserve totaled $5.1 billion, according to the company’s filing.
The company still had approximately $19.09 billion of MSTR shares available for issuance and sale through its ATM program.
Michael Saylor Signals Return to Bitcoin Buying
The purchase marks a change from recent weeks, during which Strategy either reduced its holdings or kept its Bitcoin position unchanged.
On Sunday, Strategy co-founder and Executive Chairman Michael Saylor published an update on X with the message “We’re back,” indicating that the company had resumed its Bitcoin acquisition strategy.
We’re ₿ack. pic.twitter.com/ciqOaCa908
— Michael Saylor (@saylor) August 30, 2026
Saylor followed that post on Monday with another message telling followers to “paint the bears orange.” The phrase was widely interpreted as a signal that Strategy would announce another Bitcoin purchase.
Under its Digital Credit Capital Framework, Strategy restricts the use of its U.S. dollar reserve to preferred-stock dividends and interest payments.
The company has also authorized a $1 billion program to repurchase its digital credit securities, initially focusing on STRC. A separate $1 billion program covers potential repurchases of its common stock.
Strategy subsequently expanded its Bitcoin Monetization Program, allowing the company to sell up to $5 billion in BTC to replenish its cash reserve, pay dividends and interest, or fund securities repurchases.
Nearly 200 Public Companies Hold Bitcoin
Strategy’s latest acquisition comes as the corporate Bitcoin treasury sector continues to expand.
According to Bitcoin Treasuries, 198 publicly traded companies have adopted some form of Bitcoin acquisition strategy.
The other companies completing the five largest public corporate Bitcoin treasuries are:
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Tether-backed Twenty One, with 43,514 BTC
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Metaplanet, with 43,000 BTC
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MARA, with 35,577 BTC
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Bitcoin Standard Treasury Company, with 30,021 BTC
Bitcoin Standard Treasury Company is backed by Adam Back and Cantor Fitzgerald.
Despite the continued adoption of Bitcoin treasury strategies, shares of many companies in the sector remain significantly below their summer 2025 highs.
Contracting market-cap-to-net-asset-value ratios have weighed on valuations. MSTR is down approximately 63% over the past year and currently has an enterprise multiple of net asset value of 1.07, according to Strategy.
However, the stock gained 6.3% last week and closed Friday at $127.31. Bitcoin rose approximately 1% over the same period and has gained more than 25% during the past month.
