Strategy buys 4,603 BTC for $370M in first Bitcoin purchase in two months

Strategy (NASDAQ: MSTR) reverted to its Bitcoin plan. It disclosed a $369.7 million buy in an SEC filing on Monday. This purchase turns out to be Strategy’s first one in the last two months. Michael Saylor’s company is the largest corporate Bitcoin owner, and its comeback from selling to buying might increase confidence among investors.

Strategy bought 4,603 Bitcoin between August 24 and 30 for an average of $80,318 per Bitcoin, as per the SEC filing. This brings Strategy’s total holdings to 845,050 Bitcoin. Strategy has already spent $63.73 billion in accumulating this stake in Bitcoin. Its average price per Bitcoin is $75,412.

Saylor confirmed the figures in an X post on August 31, saying that the company owns “845,050 bitcoin” and $6.71 billion in what they call “USD Assets” which consist of USD Reserve and USD Cash accounts. The net leverage of the company is 0.0%.

Strategy raises $603M from stock sales

The purchase was reportedly done without spending any extra money. As part of its ATM program, Strategy raised a net of $602.8 million through selling 4,531,421 shares of MSTR stock in one week.

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