Strategy Buys 4,603 Bitcoin (BTC) for $370 Million After Two-Month Pause

Strategy Adds 4,603 BTC to Its Balance Sheet

Bitcoin (BTC) treasury firm Strategy has returned to the open market for the first time in roughly two months, adding 4,603 coins in a purchase valued at $369.7 million. The Form 8-K filing with the SEC shows the acquisitions took place between August 24 and August 30 at an average price of $80,318 per coin, lifting total holdings to 845,050 BTC — worth about $65.8 billion at current levels. Michael Saylor's company had paused purchases in June to rebuild its cash buffer, buy back its own stock and, at times, sell holdings instead. Since starting its Bitcoin treasury program in August 2020, the firm formerly known as MicroStrategy has deployed more than $63.7 billion and remains the world's largest corporate holder by a wide margin, a playbook that inspired dozens of whale-scale corporate copycats. The timing has already drawn scrutiny: paying an average of $80,318 during an ongoing rally reignited the familiar debate over whether Saylor is buying high, though the company frames every purchase through a multi-year balance sheet lens rather than short-term price timing. The filing lands as institutional interest keeps broadening — NYSE owner ICE recently tapped tZERO for a tokenized securities push while Bitcoin trades near $79,000.

From Issuance to Active Capital Management

The buy sits inside a broader restructuring of Strategy's capital structure. Alongside the 4,603 BTC, the company disclosed a $29 million increase to its cash reserves and roughly $152 million in buybacks of its STRC preferred equity. After these moves, the USD Reserve stands at $5.1 billion and the newly created USD Cash reserve at $1.61 billion. CEO Phong Le set the tone in June, saying the firm is “evolving from one-way capital issuance to active capital management” — issuing securities when capital is cheap and repurchasing instruments when buybacks become accretive. Saylor added that the company's dollar duration has extended to 4.0 years, while the STRC BTC credit indicator sits at 56 basis points. Equity markets barely moved on the news: MSTR traded slightly higher on Monday morning in New York but remains down nearly 20% year-to-date. The strategic shift mirrors what smaller treasury players are doing across the sector — Strive, for instance, recently bought 1,800 BTC for $143 million to climb the corporate-holder rankings — as firms treat long-term accumulation, closer in spirit to a HODL discipline, rather than trading, as the core mandate of their strategic Bitcoin reserve programs. Readers tracking the market in real time can follow live spot and futures prices on Binance.

$80,427 Ceiling in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $80,427 resistance at 92/100, driven by a dense confluence of ATR Upper, R3 pivot, Fibo 0.000 and Donchian Upper signals — a ceiling that sits just above Strategy's $80,318 average cost. Nearest support at $78,027 scores 84/100 (Fibo 0.114, LVN, Ichimoku Tenkan, MACD Cross), with a stronger floor at $74,255 rated 87/100. RSI at 71.72 flags stretched momentum despite the bullish MACD and confirmed uptrend. Derivatives positioning stays balanced: funding at 0.0048%, open interest near $15.6 billion and a 1.07 long/short account ratio show a mild long lean without crowding, while the Fear & Greed reading of 62 (Greed) suggests room before euphoria. A daily close above $80,427 opens the $85,888 band; losing $78,027 would invalidate the bullish structure.