MicroStrategy ends 10-week pause with $369.7 million Bitcoin buy

MicroStrategy resumed Bitcoin purchases by acquiring 4,603 BTC for $369.7 million. The company paid an average of $80,318 per coin. The company bought the coins between August 24 and August 30, according to a filing published Monday. MicroStrategy sold 4,531,421 Class A shares during the week. The sales raised $602.8 million in net proceeds. The company used $151.8 million to repurchase 1,557,177 STRC preferred shares. The company used $50.7 million to cover STRC dividends. The company allocated $30 million to cash. Michael Saylor had signaled a return to Bitcoin buying over the weekend. His earlier "We're ₿ack" post on X had prompted speculation about a new purchase. MicroStrategy had acted as a net seller of Bitcoin through July and August. The company expanded its dollar reserves during that period. The company also serviced obligations tied to its preferred stock. MicroStrategy finished the week with $5.10 billion in dollar reserves. The reserves included $1.61 billion in cash. Net leverage was zero. MicroStrategy now holds 845,050 BTC. The company bought those holdings for $63.73 billion. The holdings have an average cost of $75,412 per coin. Bitcoin traded near $79,087 on Monday. The treasury was 4.9% above its cost. The new purchase was about 1.5% below its cost within seven days. That represented a $5.7 million paper loss.