Strategy News: Strategy Buys Bitcoin Back $17,800 Higher After Summer Sales

Key Insights:

• Strategy news shows the company sold 6,916 BTC and later bought 4,603 BTC back at an average price nearly $18,000 higher.
• The Bitcoin treasury company now holds 845,050 BTC while reducing net leverage to zero and increasing its cash reserves.
• Despite the costly rotation, Strategy remains committed to its Bitcoin treasury strategy and capital markets approach.

Hot Strategy news shows the company just pulled a classic rookie move this summer, selling low and buying high. Despite the move, the company still sits on a mountain of Bitcoin while the stack has gotten lighter.

The Bitcoin treasury firm Strategy sold about 6,916 BTC between late June and early August at prices ranging from $59,256 to $64,262. That averages near $62,081 per coin. The company cashed in roughly $429–$432 million from those sales.

Following the offloading, Strategy bought back 4,603 BTC last week, at an average of $80,318 a piece for $369.7 million. That is about $17,800 more per coin, or roughly 29% higher, and marks the company’s first purchase since June. The purchase ends a 10-week buying pause.