Strategy Buys 4,603 Bitcoin (BTC) at $80,318 in First Purchase Since June

Strategy Buys 4,603 BTC

Strategy (Nasdaq: MSTR) has restarted its strategic Bitcoin reserve program after a pause of nearly two months. In an update filed with the SEC, the company disclosed that between August 24 and 30 it acquired 4,603 BTC for approximately $369.7 million, at an average price of $80,318 per coin once fees and expenses are included. It is the firm's first acquisition since late June and its largest single purchase since May, and it lands with Bitcoin (BTC) hovering around $78,400. Total holdings now stand at 845,050 BTC, bought for a cumulative $63.73 billion at an average cost of $75,412 — the new tranche therefore entered roughly 6.5% above book cost. The buy effectively claws back most of the 6,916 BTC Strategy sold between June 30 and August 10 at prices ranging from $59,256 to $64,262, though the stash remains 2,313 BTC below the 847,363 it held on June 22.

Funded by Share Sales

The financing behind the purchase is as notable as its size. Strategy raised $602.8 million in net proceeds by selling 4,531,421 common shares under its at-the-market (ATM) equity program during the same week, then routed $369.7 million of that into Bitcoin. Roughly $151.8 million went to repurchasing 1,557,177 STRC variable-rate perpetual preferred shares, $50.7 million covered STRC dividends, and $30 million was parked in a dollar liquidity account. As of August 30 the company reported $5.1 billion in USD reserves plus a $1.61 billion general cash balance, earmarked for preferred dividends, debt service and future coin purchases. Critics mocked the sequence as “sell low, buy high”: per the filings, the most recent disposal was 1,690 BTC sold between August 3 and 9 at an average of $64,262, netting about $108.6 million — hardly a hodl playbook. Dilution also remains a live issue, since continuous share issuance is the engine of this Bitcoin accumulation, and the firm's fight over MSCI's proposed index exclusion of treasury companies keeps that model under scrutiny.

Strive Adds 1,800 BTC

A second treasury player bought into the same window. Strive reported to the SEC on August 31 that it purchased 1,800 BTC between August 24 and 28 at an average of roughly $79,431 including fees, lifting its holdings to 23,156 BTC as of August 28 — a position the company says ranks fifth among publicly listed holders, per a video posted on its official X account. The funding trail points to its SATA preferred stock: SEC documents show SATA shares outstanding rose by 803,099 to 9,073,914 between August 21 and 28, while Class A common shares increased by 3,579,147 and cash and equivalents stood near $180 million. SATA, a $100-par perpetual preferred paying a 13% annual dividend every business day, only permits ATM issuance while trading above $100 — a threshold it lost during June's slide to the high-$79 range and reclaimed on August 20. Treasury trackers had already estimated a week earlier that SATA proceeds were sufficient to fund 1,192 BTC; the filing confirms issuance resumed at whale scale. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

$80,266 Ceiling in Focus

Strategy's official X post on the buy added fresh balance-sheet detail not in the SEC filing coverage: as of August 30 the company holds $6.71 billion in USD assets, and management says net leverage now stands at 0.0%. The company's full sale ledger also surfaced, showing disposals beyond the June–August window already reported — 32 BTC for roughly $2.5 million between May 26 and 31, 1,363 BTC for about $80.8 million on June 29–30, 2,225 BTC for around $135.2 million on July 1–5, and 1,638 BTC for approximately $104.7 million on July 27–August 2, with proceeds mainly routed to preferred dividends and STRC buybacks. Chairman Michael Saylor had hinted at a renewed purchase as early as Sunday, a signal that helped Bitcoin reclaim the $79,000 level overnight.

Further filing detail clarifies the scale of the pause being broken: Strategy's previous acquisition was 520 BTC for $34.9 million between June 15 and 21, at an average of $67,068 per coin, making the latest purchase its first in roughly ten weeks. The sales program stemmed from the company's newly adopted capital management policy, previously flagged under plans to generate $1.25 billion of income from its Bitcoin holdings, under which it sold a combined 3,588 BTC in late June and early July, followed by the 1,638 and 1,690 BTC disposals — the latter's $108.6 million routed into STRC repurchases. As a result, the reserve had fallen to 840,447 BTC by mid-August before the new tranche rebuilt it to 845,050.

(as of 08:06 UTC) COINOTAG's proprietary 42-indicator composite S/R scoring engine maps the tape precisely: the engine rates the $80,265.76 resistance at 89/100 (STRONG), driven by the confluence of R3, Fibo 0.000, Donchian Upper and Swing High — the immediate ceiling buyers must clear. First support is $76,944, scored 78/100 from Swing Low, S2, Fibo 0.214 and ATR Lower signals. Spot trades at $78,486 (+0.53% over 24 hours) with RSI at 70.88 and a bullish MACD in an uptrend. Derivatives are calm: funding of 0.0071%, $15.71 billion in open interest and a 1.09 long/short ratio show no leverage froth, while a Fear & Greed reading of 69 signals Greed. A daily close above $80,265.76 opens the $85,888 level (42/100); losing $76,944 would invalidate the bullish thesis.