Strategy buys 4,603 bitcoin for $369.7 million, holdings reach 845,050 BTC

Strategy acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30, according to an 8-K filing with the U.S. Securities and Exchange Commission. The average purchase price was $80,318 per bitcoin. Strategy now holds 845,050 BTC. The holdings are worth around $66.1 billion. The average purchase price for the holdings is $75,412 per bitcoin. The total cost was around $63.73 billion, including fees and expenses. The holdings equal more than 4% of bitcoin's 21 million supply cap. The filing implies around $2.34 billion in paper profits. Those paper profits were based on current prices above $78,000. Strategy funded the acquisition with proceeds from at-the-market sales of its Class A common stock, MSTR. The company sold 4,531,421 MSTR shares for approximately $602.8 million last week. Strategy spent $151.8 million to repurchase 1,557,177 shares of STRC preferred stock. The company allocated $50.7 million to STRC dividends. Strategy added the remaining $30 million to its USD Cash account. The USD Cash account stood at $1.61 billion as of Aug. 30. The company's USD Reserve was $5.1 billion as of Aug. 30. The company had $19.09 billion of MSTR shares available for issuance and sale under the ATM program. The acquisition followed recent weeks in which Strategy trimmed or held its bitcoin holdings steady. Michael Saylor posted the caption "We're back" on X on Sunday. The post indicated a possible resumption of buying activity after a period of paused acquisitions. Saylor later posted "paint the bears orange," which commonly signals that Strategy would disclose bitcoin purchases for the previous week. Under its Digital Credit Capital Framework, Strategy limited its USD reserve to preferred stock dividends and interest payments. The company authorized a $1 billion program to repurchase its digital credit securities. The program initially focused on STRC. Strategy also authorized a separate $1 billion buyback of common stock. The company later expanded its BTC Monetization Program to allow up to $5 billion in bitcoin sales. The sales can fund the reserve, dividends, interest payments, and securities repurchases. Bitcoin Treasuries data shows that 198 public companies have adopted some form of bitcoin acquisition model. Twenty One holds 43,514 BTC. Metaplanet holds 43,000 BTC. MARA holds 35,577 BTC. Bitcoin Standard Treasury Company holds 30,021 BTC. The value of many companies in the group is down significantly from its summer 2025 peaks. Their market capitalization-to-net asset value ratios have contracted. MSTR is currently down 63%. Its enterprise mNAV is 1.07, according to Strategy. Strategy's stock gained 6.3% last week. The stock closed Friday at $127.31. Bitcoin gained about 1% over the same period. Bitcoin is up over 25% in the last month.