Strategy Ends 10-Week Bitcoin Pause With $370 Million Purchase, Holdings Hit 845,050 BTC

Strategy resumed Bitcoin accumulation after a roughly 10-week hiatus, purchasing 4,603 BTC for $369.7 million between August 24 and 30 at an average price of $80,318 per coin. The move, the company's first major Bitcoin acquisition since late June, was telegraphed by Executive Chairman Michael Saylor's "We're Back" post on X over the weekend before the formal SEC filing on Monday, August 31.

Strategy funded the purchases through sales of its MSTR shares, raising $602.8 million in net proceeds during the period. The company simultaneously repurchased $151.8 million of its STRC preferred stock and reported $5.10 billion in USD reserves, with total USD assets of $6.71 billion. Saylor said net leverage now stands at 0.0%. The new purchase brings Strategy's cumulative Bitcoin holdings to 845,050 BTC, acquired for a total of $63.73 billion at an average cost of $75,412 per coin, meaning the latest tranche was bought at a roughly 6.5% premium to the portfolio average.

The buying came on the same day that Strive, the firm associated with Vivek Ramaswamy, disclosed a purchase of 1,800 BTC for $143 million, pushing its total holdings to 23,156 BTC and making it the fifth largest corporate Bitcoin treasury. ASST stock rose 5% on the news. Tom Lee's BitMine Immersion Technologies also announced it bought 53,501 ETH over the past week for approximately $131 million, lifting its total Ethereum holdings to 5.9 million ETH and putting it within striking distance of controlling 5% of ETH's circulating supply after 65 consecutive weeks of accumulation.

Bitcoin itself was trading near $78,000 to $79,000 on Monday, having pulled back from the upper $79,000 range before buyers stepped in around $77,000. The asset is on pace for a gain of roughly 24% in August, its strongest August performance in nine years, though analysts flagged rising Binance reserves, weaker ETF inflows, and a hawkish tone from Federal Reserve Chair Warsh at Jackson Hole as potential headwinds heading into September. Geopolitical tensions around the Strait of Hormuz pushed Brent crude above $90 a barrel, adding a further macro risk to the picture.